Recent content by Feradd

I bought a 1970's 3x1x1 in Christie Downs close to the station in 2010 for $250k and it's had no capital growth since I checked last year. Would be very happy if these numbers were accurate i.e +18% growth since then. I will go and check with agents. Keen to hear what others are seeing.

Hi Evan, Thanks for sharing your past experiences and current development. It seems that we are in very similar positions. I too have several buy and holds, a failed property development in a regional town where if I sold now would lose >$200k and currently undertaking a development in...

Cheers, I agree, i'm in the middle of a development right now doing exactly this having a team around me and asking lots of questions. As long as a course like Bob's get's you moving in the right direction.

He does make it sound easy however when in fact it's not. They all do this so that people are more willing to buy into their programs. Seems like a decent bloke but I wish he wouldn't associate himself with that spruicker Stuart Z guy.

Yes that's correct. This is widely known amongst keen property investors. Same as in Melbourne and probably Sydney. It's best to invest a few kms out to avoid the oversupply issue. They don't make good investments anyway even without the oversupply issue because there are too many apartments in...

I've found it challenging to get the right end sales value. During my feasibility stage I felt that the selling agents were being overly generous with their valuations either to get my business or to generally talk up the market. It's a bit more difficult in my case because there are no similar...

It's an odd rule because it's common sense that it's better to make repairs or improvements when no one is living in the property. What if the hot water system is broken? Do you advertise it saying sorry mate you have to have a couple of days with cold showers before I get it repaired? If the...

Thanks for your replies. I'm seeing lots of townhouses on re with swimming pools as part of the strata. These tend to be the cheaper ones which look good on the surface but must have higher strata fees than those without a pool. My preference is to go without a pool however if I was living...

What are peoples thoughts on townhouses and villa's in the Logan area? I know it's a family orientated area so the rental properties would require some yard space. Would the demographics of this area up to Sunnybank support the need for townhouses? Is there enough room in a townhouse for the...

Hi, I've been using this site for suburb analysis. I've put in Christie Downs, because that's where I have a property and it says quarterly growth as at 30/06/14 is 2.65% which is 10% annualised. It's a welcome change because this area has gone nowhere since I bought 4 years ago. The average...

Although a lot of what she says makes sense she also doesn't always get it right. She's been saying don't buy in Sydney over the last few years well before the recent surge and at the same time promoted Adelaide which has had below par results. I still listen and take note of her comments and...

Do you also have a zero threshhold for land tax if properties are held in companies or trusts?

I don't quite follow you MTR. If you claim GST from the ATO during the build phase is'nt that money coming in and so improving your profit in the trust up to that point? I don't see how you can avoid reporting a loss if you are halfway through a build at financial year end. You'll have large...

My accountant has told me different. Apparently you can claim the GST credits during the build phase which helps the cash flow of the project but if you hold the end product and don't sell then you need to repay those GST credits back to the ATO. You would revalue the finished development and...

Hi, The best way to get up to date statistics on population growth rates is to look on the council websites. If the information is not on their websites then ring the council. They have the information so it may mean they havn't uploaded the info onto their websites recently due to other...