Recent content by SB25

Hi, As a suggestion - typically with an analysis like this you'd start at your GRV/GDV and work backwards to ascertain what the site (house) should be worth to purchase in order for the project to stack up. Try googling Residual Land Value Template for samples? This is probably the...

Hi all, To piggyback on this, what would be the ideal structure for someone to purchase a block of land now and then 6 - 12 months down the track refinance and start looking to build? We are based o/s and have our eye on a block of land in SEQ which upon our return we would look to build...

Napier & Blakeley have something similar which can be handy when doing a basic RLV type analysis: http://napierblakeley.info/tag/construction-costs-datacards/

To the OP - are you referring to the underlying land being of MP3 zoning (assume it's in Brisbane?)

Scott we're in agreeance - that's what I meant by having a solicitor review the leases and securities :cool:

My opinion only - Whatever happens, it might best to not let your friend come across as cashed up and naive to the agent. Anything can happen on Auction day and by the sounds of it your friend is cashed up and flying blind. Second the advice to engage a valuer and I would also suggest...

Remember the agents don't work for you, they work for the respective Vendors... In scenario 1 if the Vendor is firm you could be thankful that you've been told the price the Vendor will accept, and secondly, that they haven't told you the other party's offer means they likely haven't...

Panelbuild?

Good questions above from the development perspective. On the topic of keeping the units and renting if you can't sell them, my understanding is that your GST situation could possibly change if you claim it during the construction phase and then decide to hang onto the stock at the end and...

Hi, Sounds like a promising site - from someone who used to sell development sites for a living in QLD here are a few thoughts if you want to go down this route, take as you will and this is not to be interpreted as advice: Do you have any sort of OPW or BA? Guessing at a 1.5 plot...

Great, thanks Shahin

PT Bear - thanks for the information above. You mention that a 95% LVR is very difficult - for yourself and any other brokers out there, typically what is the maximum achievable LVR for an investment loan for an expat (buying Australian property)? Do banks consider I/O investment loans to...

The scenario you describe is a pretty stock-standard pre-commitment and is probably best described as the CRE version of "selling off the plan". As Aaron said there would be a deposit in place and binding documentation executed, either through heads of agreement or letters of offer/intent...

It also has to do with who owns the dominant newspaper with the most RE content in the market. In QLD it's the Courier Mail, hence REA is most popular. In NSW & Vic it's moreso the Fairfax papers. This is why Domain has never really taken off in QLD, but if you're trying to reach buyers in...

Why do buyers carry on as if it's the agents responsibility to tell them the sale price? The agent isn't the one signing the cheque to buy a property. Value is defined as the unconditional price between a willing buyer and a willing seller there and then, which an Auction delivers. The...