Recent content by bez23

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    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    It's winter. If picture was retaken in summer, you'll get quite a different view :P
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    Peoples thoughts on Adelaide?

    Far out. That was an amazing deal. Instead CG for the person who bought it. No work to be done too!
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    Can you service your existing debts if rates rise to 10% or 18%

    It will be long time to before it comes. All but one of my properties are positive cashflow now. So if the rate rise comes gradually, I should be able to to increase rent to keep up with it.
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    Subdivision finance

    Thanks Corey. I have submitted the Miscellaneous application for the subdivision. Will keep you guys updated on how this progresses.
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    Subdivision finance

    Hi Corey, Do you mean I should be able to get the subdivision approved? Or Subdivision and construction of the 2 houses approved (providing that I get the loan after titles are issued)? Cheers
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    Subdivision finance

    Hi guys, Currently doing a subdivision for one of my property (2 titles to 5). The plan is to retain the existing property and make 4 extra vacant block at the back (300sqm each street fronting). I am planning to build on 2 of them and leave the other vacant block (future build or sell off as...
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    My new purchase - Highbury SA

    interesting, does the construction (footing) cost take into consideration of the slope ?
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    Neighbour's selling

    2 to 5 subdivision for only 20K??? How are you achieving this?
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    My new purchase - Highbury SA

    Haven't gotten a concrete no. But I have been told that regardless of the titles/ build. They use the development approval (for subdivision) to judge the number of properties and anything above 2 is commercial?
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    My new purchase - Highbury SA

    Separate community title, slab and walls
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    My new purchase - Highbury SA

    I am using CBA for my project (2 to 5, build 4 and retaining 1). Originally the policy say that they can do up to 4 per development but now they say that policy has changed to 2? Kind of sucks for me because I did the original purchase at 90% LVR hence incurring LMI. Although it is tax...
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    My new purchase - Highbury SA

    Brady are you using CBA for this? I just heard that they are tightening up to 2 per DA before it goes commercial?
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    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    Nothing stopping semis achieving the same growth. Obviously especially if you buy both but even single semis can be renovated, grow over time (mature) and i have seen some being subdivided to the back (retaining current block). Yes not many people would like to live in a hammerhead right now but...
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    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    They are renaming it Playford haha :P
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    Elizabeth Downs -Hot lead for low cost Mortgagee Sale

    PM sent ! Worth every cent as he can negotiate deals below market value.
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