ah, steer clear job then. I am so sick of property today, sooo sick of it. Seems like we can borrow up to a million now, sheesh, had enough trouble spending $500K of the bank's money ... feel like chucking it all in today
you are sick of it because of the scattergun approach. it is exhausting simply reading about it, i cant imagine what it must be like for you.
you are looking at buy and holds at a time where every uninformed buyer and his dog is. you are also doing it off re.com and not networking with agents so ultimately you are behind the 8 ball from the very start and almost guaranteed to fail. on top of this the fact that you do not yet have the knowledge/ability to do quick feasos/calcs means that by the time you do your research the property is inevitably sold. basically, what youre doing now is not working and is not likely to work in the short term.
the only 2 development site purchases in perth in the last few months that have been shared on SS that immediately stand out as good buys are those made by Marisa and Myf and neither of them have played by the same rules as others because doing so is a mugs game in the current market. Myf moved extremely quickly and with a strong offer because she knows the R Codes insides out and Marisa networked hard to find her purchase.
Waiting for things to hit re.com in the city of belmont and then trying to do some numbers, waiting for the home open etc is simply not goign to work. you need to change tactics.
if you dont intend to develop anything now id suggest avoiding properties with development potential because there is far too much competition and none of the properties ive seen posted in the last few threads even prompted me to do quick DD's because they are all overpriced.
the vast majority of people buying these properties atm are paying too much so dont even play that game, alter your search and focus on something else. alternatively, as has been suggested repeatedly, appoint a buyers agent.
how much has the market potentially moved in say brisbane in the few months since you have been looking? im guessing by more than the cost of the BA's fee.
pls note in no way am i criticising you or picking on you, just trying to offer some constructive feedback.
