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Remember that Qld is the most decentralised state and that the Gold Coast and Sunshine Coast are classified as regional/outside capital city.

Brenda, I love your posts, your achievements and your point of view. But saving $900 for a week's labour, or even fewer day's labour, is not for all of us. How much per day's work did this equate to, or per hour? In imagining my future, free of salary, I'm not sure that doing reno is the...

I understand that they must achieve at least 25-30% projected net profit after alol costs. You need to do a back of the envelope feasibility study. Selling price of each lot xx No of lots Total Sales Cost of raw land Cost of legals Coas of marketing Cost of consultants...

Dos This is the list of deductions from etax over the last couple of years. Have you checked out your borrowing expenses, which are usually claimable over 5 years? Advertising for tenants Body Corporate Fees Borrowing Expenses Cleaning Council rates Capital allowances/depreciation on...

We insured a vacant block. Many gum trees, branches could have fallen on neighbours, or on people accessing block. Surveyors or others could have been injured. But it wasn't easy - we had to use a broker as many usual insurers don't touch vacant land.

This is a new one for me. A friend was supposed to settle last week. Settlement cancelled the day before because the bank could not find the title. The bank is offering to pay the interest til the issue is resolved, (they are acknowledging they received it when the mortgage was originated)...

See Change I totally agree with you that the amount of interest and the penalty interest are ridiculous ... and any thinking person and any experienced investor would not get themselves in such a situation. However, your comment about "not having a decent reserve available" had a different...

Hi! What rates are being offered for one year interest only - annual in advance in June? Last year I got 5.75% - this year same bank is offering 6.65% and call centre is saying that the package discount is not applicable to fixed loans??????

Commbank has a new tool - price data based on mortgages and refinances - quite neat, by postcode, etc.

Ross I think Toowoomba might be the largest inland city about 87K to 56K for Wagga, but, of course, it depends how much of the surrounding region you count - Albury Wodonga combined with surrounding region is 105K. Maybe Toowoomba is undervalued, given that it is also within two hours of the...

Hi guys! I posted this question over the weekend - yes, early on Sunday morning, and didn't get a reply. Can anyone help? We have an offer in at the moment for 15 acres of developable land - I can share the experience in a little while. Can anyone help with stories of negotiating options?

Hi! everyone. We have just completed a small subdivsion and are negotiating an option on a larger parcel of land. My question, seeing that we are fairly novice developers, is - "Has anyone here negotiated an option?" What typically is the structure - eg xx% non refundable for a six or...

Gold Coast typical rates - per annum 70% of property owners pay the minimum rate Typically - for suburban sized lot, with water and sewer $1392 - includes water rates For Hinterland lots - say 1-2 acres, town water, no sewer $1050

PT Bear - I would just caution that the ripple out effect that has been experienced in this boom, may not be experienced in the next. eg, inner ciy land, let's say Kangaroo Point in Brisbane - if it is protected as a single dweliing zone and not able to be developed, we should not make...

Profound apologies - I did not mean to be offensive. I was just trying to express how I react as a buyer to anything that seems fake. I ask questions like - is it tenanted, who lives here, how long have they lived here? Hire furniture and empty cupboards would raise many questions for me and...

How much does the agent know? Doesn't the agent have to tell the truth? Shouldn't the agent know key details like where do you live and what the history of the place for sale has been? How do you fill the cupboards and otherwise make it lived in? Or do you rely on dumb buyers not asking...

LB Re: the database at realestate.com I, too, have wondered why they don't get in the business of metadata? Do they even sell lists to real estate agents of new listings each week? I have also wondered whether the internet has not had a permanent effect on prices. Would the boom in...

Brenda You looked fab .. love to hear about the home schooling some time. Les looked great too. In my division of labour with my husband .. we both hate reno, he is great at maintenance and plumbing and small to medium jobs like new fences. I do all the finances .. and most of the...

Lissy, Hava look at this site - this is not a recommendation, just a site I found in an Internet search. They say they will do asset based lending at two/thirds of valuation at 7.x%. Sounds reasonable?? Solicitor's first mortgage funds. http://www.fussfreefinance.com.au/ What do you...

Not one out of 36 voters planning to retire this year - maybe no-one REALLY wants to?