Recent content by vit

Hi Matt, Thanks for the response. I think the unit has a "limited" sunlight during the day. I certainly can pay attention to the factor and maybe to trim some trees. The unit has two bathrooms and one has a wash and dry unit. The dry unit is the cheapest one and DOES produce a lot of...

Hi all, I live in Canberra and we've bought an apartment in Watson (Starlight complex) on the ground floor at the corner of the 2 story building about a year ago. When we were inspecting it I could smell the mould but it was painted over so just decide to deal with it later. Then we had an...

I am in Hi there, Count me as well. I don't post very often but happy to meet with people

Thanks, Sue That makes sense. Especially I figured out that this block is not subdivadable. I can put dual occupancy but can't separate it to 2 titles. I believe that in this case price (and valuations) of these 2 units would be significantly lower then I expected because you can only sell...

Thanks, Michael I've done a lot of reading and know many theoretical investment ways and types of deals. However when you come from books to the real life by some reason it looks "a little bit different" and all your book theory just doesn't work. It could be various type of deal - reno...

Hi Player, Thanks for the response. The numbers are not precise exactly - it's just to understand the picture for myself if this path worth wile to go. I need to investigate more in this direction so may be margin can go to the required 20%. Contigency is not included at this moment in the...

Thanks, Rolf I was going to capitalize for construction period (up to 6-9 month) and then refinance the whole thing (2 new TH) to another bank. I will contact that guy. In the meantime here's my numbers which I wanted play with: Land=500K Stamp Duty=30K Construction=2x250K...

I'm looking for oportunity to buy land, subdivide and build 2 townhouses with the intention to rent them out. Estimated implementation time is about 1 year (subdivision + construction). I've got a few question with regarding to it. 1) If I would buy the land with intention to build and rent -...

Hi there, I'm looking for anybody in Canberra who has got experience in investing there or in sub-division and development. A person who can become my mentor. The intention is to discuss with him some plans and receive advices and help with calculations. If necessary I'm ready to pay...

Hi all, I'm just wondering if there are something which might stop from changing 2BR + family (1 space garage) unit into 3BR by establishing a wall. Do I need council approval for it? Should I bring a builder or can do it myself? Should I ammend bulding plans after that? Any thoughts...

Thanks for all responses!

Hi all, There is a possibility to get 500-550K finance. Options: a) old (not brand new but in good condition) 2BR apartment in Brighton (blue-chip inner suburb - close to CBD + sea) b) new 2BR apartment in Caulfield (not bad inner suburb) c) new 3-4BR unit in Ashburton-Ashwood (still...