Recent content by T33

Commercial loans are generally shorter than resi such as 3 - 5 years (io) Longer term products are generally principal and interest for say 15 years and fully repaid by end of loan. Rates in 6 - 7s generally achievable if serviceability stacks up. Eg products by bank west, ing Good luck

I also took the 7 day trial. Found the rent estimate tends to be on the optimistic side.

Hi, when looking at the land supply just bear in mind the expected pace of release/ subdivision. There is usually a lag before subdivision so there may be some time before supply comes on stream which affects vacancy. Guess the supply comes down to the amount with approvals in the pipeline and...

On paper it seems to have a lot drivers.. Road access, train link, education, health etc Development founded by Maha Sinnathamby who wrote a whole book about how it came about. My reservation is also the massive supply of land. Worthwhile to keep that in mind when considering capital growth...

The disadvantage seems to be alternative leassees to kfc is relatively limited... Likely another fast food franchise. A generic retail space or service retail space will open up a lot more options which helps reduce vacancy risk. Also kfc standalone lots don't feed off neighboring retail mix so...

Thanks for the feedback. Any thoughts on one other area...Bohle Plains - a newish estate with some land releases but also within striking distance

Hi guys, any thoughts on kirwan? It is north of Douglas but still within striking distance of hospital, James Cook etc. There seems to be also some newer estates (willow, avenue) up there

Good to hear Dave. Noted on the risk of vals coming under. I guess that means that even before the banker presses the decision button, the banker already have an extremely good feel that it will go through as it seems to be just a quantitative decision.

Hi guys I popped by a branch of one of the majors yesterday to chat about getting a home loan. I was suprised to learn that he could formally approve the loan himself. Apparently he enters details into the system after verifying supporting docs and the system will spit out a formal approve...

Hi Matt , single storey and building costs for a turnkey type product.

Be interested to hear people's thoughts (pos or neg) on emerald builders. I've came across names such as Corbett, Trebe, devcon etc Average construction cost seems to vary from 1,500-2,000 plus. The cheaper builders seem to use cladding instead of brick veneer. Thanks!

Maybe it was a particular manager but I had a frustrating stint with Tony Cant in maitland. They have cheap rates ( approx 5%) but service was poor and laid back in leasing efforts .. Which may have been due to them being such a major player in the maitland. Just my personal experience and I...

Thanks Matt

I understand DHA rents are marked to market each year ... An independent valuer is meant to establish the market rent at the end of each year. Whether it's err on side of conservatism may be another issue tho Cheers T

Hi guys, please recommend any pm in Townsville that you've had good experiences with. It seems so difficult to choose. Also, any guidance on a fair fee would be much appreciated. T