Recent content by EmD

Thanks Felix! Great to hear! It's certainly a 'delayed gratification' strategy - but it sounds the smartest. Cheers, Em

Thanks 'Yo Yo ma'! :) Really great feedback. Much appreciated. Interest Only is something to consider! I hadn't thought of that. You're right - that way we can keep saving towards our ideal. And yes, come income tax time our $1k pm interest earned is a definite disadvantage! I know...

Hi all, Yet another needy first home buyer looking for advice from all the competent property investors out there! :o I'm impressed after reading so many threads that people give so much support and advice - the property veterans are to be commended! Attempting brevity, here's my...

Looks like a nice block - as long as you are aware that as current council legislation stands you would not be able to sub-divide or strata the two town-houses. The only purpose of the development would be to rent them and have good cash flow. In terms of capital gains - I've noticed...

Hi Michael, I'm sorry I didnt' get back to you earlier, I've been away. But thanks so much for giving me some time. Perhaps the builders I spoke to were not realistic. It looks as if it's much more than anticipated - perhaps I better stick to buying not building. :) The block allows...

Thanks Shady and Simon, Good advice! Much appreciated. Unfortunately no family are in a position for this kind of venture. I'll keep researching, and consider securing the block myself - it is livable. :) Cheers, Em

Fair enough questions. If you read my first post I was actually more seeking advice on whether or not this was an overly ambitious idea, and further if there are small development investors who work with individuals in things like this - and if this is something that commonly happens in the...

Investment Partner - Nthn Beachs #2 Hi, Okay, now is the time when I reveal my ignorance. :) As I said, this is a first project I'm considering! I have looked at both Pittwater and Warringah Councils regulations. Subdivision of buildings is prohibited in both councils, so the only...

Hi, I am very new to this site, and to forums in general, but here goes! I have always wanted to one day be involved in a small development project, and have been researching the concept for about a year now. I have found a block of land on Sydney's Northern Beaches (where we currently...