Avoid selling now, it sounds much better to keep it. It is a large block so you could get 4~6 townhouses if zoned medium density. Call the council and ask for options for rebuilding.
The key idea like the game of monopoly is to increase the value of the use of the land.
I would avoid 50/50...
I think a cream brick 60s home in Mulgrave would have been a far better purchase. Actually buying just about any single family home on a block of land serviced with public transport would have been a better choice ( even doing nothing would have been 1000% better).
The biggest mistake I...
From my point of view I lost money on the completed development and have continued to do so for the last 5 years of ownership of the unit I kept. Given current values of the area the property apparently still worth less than it cost me to build. So from my point of view it is a very...
BTW, if it is classified as a shed cannot the property land be rented which included a home-like "storage shed" with electricity, toilet and running water, you, insurance companies and council cannot know if anyone sleeps there or not (tenants responsibility, but I would have an electrician...
I dont know about doom and gloom, but as far as I can see prices are bumping along at the top of the serviciblity ceiling, rents are getting there, there is not much natural increases left in the general market. This means we all need to be very particular about what we buy and where we buy it...
For those who say "it woundn't happen in Australia" think again! How many of you know about the infamous "Melbourne Case" ? In Japan the "Melbourne Case" as it is known makes for some great comparisons to Corby's, and as such holds a mirror to our own bias's. In Japan have been several TV shows...
BTW How much did those 500Shares cost? I am just thinking what would would have happend if she had used the same money to purchased a house in an "established" area at the time?
"Close to Transport"
- backing onto railway tracks or a freeway.
"Rustic Charm"
- dirty
"Capitalize"
- need to spend up big to make it livable.
"Plenty of scope for improvement"
- as above.
"Same family for 50 years"
- Granny died in the house last week.
"Ideal for growing...
Whats the clear exit plan for the 50/50 partnership? Otherwise avoid it like the plague. To put it into the Japanese perspective I would sooner rear end into a Yakuza's S65 AMG, than go into a partnership without a very clear and quick exit plan.
Quick, call one of the mortgage brokers and ask...
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So here are some questions see if you can guess what the mundane thing is
"Learn the secret to getting a fat refund check from the ATO whilst providing homes for families"
"Find out how I make thousands per month for very little work"
OK try to guess who am thinking of now:
"Learn...
Following on from this thread
Shhhhhhh Keithj...you cant just tell people for nothing this "top secret" "professional" stuff.
Keithj why dont you start your own newsletters and offer special "trade secrets" seminars and tapes all for "reasonable" prices.
First just think of some...
I think they will lift rates 0.25%, after review of reserve bank comments I believe they told us last month.
However bucking the trend I believe (after examination of the hairs on the back of my left hand) that unless the Australian economy does something dramatic, I suggest this will be...
Shhhhhhh Keithj...you cant just tell people for nothing this "top secret" "professional" stuff.
Keithj why dont you start your own newsletters and offer special "trade secrets" seminars and tapes all for "reasonable" prices.
First just think of some mundane or obvious thing you can do in...