Recent content by Elmer Liu

I was a SDM ( S* Delivery Manager/Man ). S could be a number of things.. pls use your imagination. I am now a professional farmer growing rice in my backyard because I am asian and once asked for a pay rise and my boss went " i can pay your rice, but no rise'. lol

I am a Chinese grew up in China before I came here. Strangely enough, i never considered feng shui that much when I bought my PPOR and properties.. There were some basics that came to my mind at the time.. things like don't buy house number 4, and don't buy properties that are facing the...

Thanks Phil for organising the meet up tonight, it was great!! This is my last one and it won't be the last even if the next one is at Frankston..:D:D:D

I am in the area, will come too. be there tonight.

Guys, can I please have your thoughts on the options below ? Option 1: Demolish the house and build the following: 1 double storey 3 bed -> $380,000 comparable sales within 500m of my site 1 double storey 2 bed -> $340,000 1 single storey 2 bed -> $305,000 with Turnkey package I dug up the...

Thanks for your advice.. it's a really good point that I haven't considered before. I guess that's because I haven't thought about selling. At this stage, I am planning to keep them as rentals and just use the equity. I was told before if I intend to sell my project down the track, I should...

Hi Tranquilo, from memory they are, but i will double check.. Thanks for the reminder.

Thanks for your advice westminster. This is definitely a good learning process for me even though I have done a lot of research before. Regarding the end value, I used the numbers from the recent comparable sales and took $10,000 off it just to be safe.

This is what the architect told me and I am still talking to the builders verify it.

Thanks Sanj. there is 5% that I forgot to include in the numbers above. I am still talking to the builders to confirm that.. 100% agree, and I just got off the phone with a builder who told me that I might need to allow for $100k for the alteration (moving the wall back) and renovation...

I think it's about 5% if you are talking about the west.. I have a IP in Elwood and they charge me 6.6% for it.. :(

Spoke to the arctecit again about obtaining a separate building permit to push the external wall in by 0.5m to make the drive away 3m. That's another $3500 for the working drawing and application. :( Hopefully I can get the drawing by late Jan 15 so that I could get someone to start the...

Thanks Teshy.. Best of luck to you as well. It took me 6 months to find a site and I am glad the searching part is over.

Hi all, just went through Brendon's diary and it's so inspiring. :) I have just purchased a potential site in Deer Park ( close to the train station), and decided to start my own diary as well. As the title suggests, this is my first project and even though I have done a lot of home work and...

Great work and congrats on starting your own project. I have been doing research on my first project as well. Haven't had any luck finding a suitable site based on my calculation, maybe I should look somewhere else. I have been focusing on areas around my because a) budget and b) proximity to my...