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  1. RPI

    BCC hitting properties with 5 individuals/ granny flats again

    Hi All We have seen a step up in BCC action against over the last 2 weeks or so to people renting out to either 1. 5 individuals on 1 lease in the house where the individuals are organised by the owner. There has been entry warrants signed by magistrates with police, electricians...
  2. RPI

    Land Tax & Special Levy No Longer Adjusted at Sale in QLD

    Contracts have been changed again in QLD, primarily to allow for PEXA. The 11th version for House, Land and 7th version for Community Titles also makes some other changes. 1. Land tax is the seller's responsibility, no adjustment on sale 2. Special Levy is also seller's responsibility if...
  3. RPI

    Electronic Conveyancing Starts in QLD on 25 May

    Hi All Electronic Conveyancing is starting in QLD on 25 May through PEXA - Property Exchange Australia. https://www.pexa.com.au/ Already running in NSW and VIC to some extent. Only solicitors can use it in QLD - no interstate conveyancers allowed. This will only be for contracts...
  4. RPI

    Thanks to the Somers, Sim, Moderators and Somersofters in General

    I noticed that I am coming up to my 12th year on the forum this month. This place is such a wealth of knowledge and experience, it is unrivaled. I am especially lucky because I get to meet in person or at least talk on the phone to members regularly. I am yet to meet anyone in person or...
  5. RPI

    988 New Apartments in West End

    http://www.theurbandeveloper.com/brisbane-get-988-new-apartments-proposed-pointcorp-development/ All by the one developer
  6. RPI

    Developer Releasing $1.45m Apartments in Coorparoo

    Hi All I have seen some pricing on the new Coorparoo Square development on the old Myer Site. 147m2 3 Bed apartment $1.45m There was also a 100m2 ish 3bed for $995k I don't know how many 3beds there are in the 2 towers. I was amazed, I just can't see a market for that type of...
  7. RPI

    Radio Advertising - My Trial

    Hi All As there are many people on here in business thought I would share my experiment in real time. I don't usually go for old school media advertising but with what we spend on Adwords for our keywords Radio advertising starts to look attractive. Adwords for conveyancing are very...
  8. RPI

    Buranda TOD Sold - SE Corridor is really transforming

    http://www.theurbandeveloper.com/international-developer-secures-buranda-site-51-3m/ The above site will be a bit of a link between the great work Pelicano is doing in Wooloongabba and along with Honeycombe's Coorparoo TOD and Orion Coorparoo it is really going to change the whole face and...
  9. RPI

    Biggest Settlement Day of the Year

    Today is the busiest settlement day of the year. There will be thousands in Brisbane CBD alone. It's amazing how many people plan their purchase/sale so that they can settle just before Christmas, very organised. I have 2 grads plus 3 solicitors on top of my settlements clerks going around...
  10. RPI

    State Government fixes Moreton Bay Sea level rise issue

    If you saw the article in API magazine about the MBRC flood and sea level rise issues the state government has finally stepped in and ordered it fixed. MBRC had assumed that climate change would cause .8m sea level rise in the next 100 years and had flagged huge parts of land that have never...
  11. RPI

    G20 Brisbane 2014

    As someone whose office is in the Red Zone and whose office windows look directly into a G20 declared hotel I thought it might be interesting to post some observations. I am not sure which way this could go, either nothing at all or we have some significant property damage from protests as...
  12. RPI

    New Property Laws in QLD from December 1

    The QLD Government has split up the old regime so now property is covered by the Property Occupations Act . A new REIQ and QLD Law society contract is coming but not yet released. http://www.fairtrading.qld.gov.au/about-us/consultation-regulatory-reform/pamda-split Key changes that affect...
  13. RPI

    The Most Disgusting House I Have Ever Seen

    So I have just been around to have a look inside one of the houses I just settled on and is going to be demolished this week. (3km from the CBD). The sellers were very elderly, with one now permanently in hospital, the other moved out last week. There is no record of a transfer of title...
  14. RPI

    nolandtax.com.au

    Political movement of investors that have had enough of paying Land Tax in NSW http://www.nolandtax.com.au/ Don't know that it will amount to anything but interesting none the less
  15. RPI

    BCC City Plan 2014 Confirmed for 1 July

    Hi All BCC has confirmed that the new City Plan 2014 starts 1 July. 9.5m heights 45% site cover instead of GFA for units and townhouses 300m2 low density lots within 200m of 2000m2 centre zoned land 260m2 lots in LMR Lots in the centre zones from 3 storey 60% GFA to 5 storey...
  16. RPI

    Commission of Audit released Today.

    http://ncoa.gov.au/ Had a quick look. So far it's been more interesting reading comments on some of the news sites. Lefties screaming about rich CEO's setting the agenda, Righties saying it was all labors fault that we are in this. I lean right, especially after the last 6 years of...
  17. RPI

    11 Years on Somersoft - Thanks Guys

    Just noticed that it is 11 years this month since I joined Somersoft. Wish I had joined 5 years earlier when I bought my first property. Just would like to say thanks to the Somers, the moderators and all the outstanding contributors on this forum. The wealth of knowledge on here is...
  18. RPI

    Coorparoo - 19 Storey 3 tower DA submitted

    For those inner east Brisbane watchers Attached is artists impression for DA submitted on 21 Feb 3 x towers up to 19 storeys in height with retail etc to be developed in 3 stages. Huge transformation for Coorparoo if it proceeds. Chances of getting through Council are extremely high IMHO...
  19. RPI

    Brisbane - Anectdotal Evidence of Market Changes

    It's starting to feel like the beginning of the last cycle. My practice is not a big enough sample to be statistically reliable but this is what I have seen lately. Conveyancing Practice A large upswing in: -conveyancing numbers generally; -multiple offer notices; -southern investors...
  20. RPI

    Brisbane City Plan 2014 - Latest Draft

    BCC has now updated the lot sizes in the latest plan. As foreshadowed the restrictions on 300m2 lots in LDR zones has been further tightened to being within 200 metres walking distance of a site or sites in a zone in the centre zones category with a combined site area of more than 2000m2...
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