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Seller death before settlement We have enerted into a contract for buying a devy site in Brisbane. Seller is 93 years old lady and is frequently in and out of hospital. Our settlment is 90 days away. What will happen to contract and settlement if seller dies before settlement ? What if her...

We are looking for doing a development of 3-4 townhouses in Bulimba on 600 sqm LMR site. 1. Can anyone recommend a good arthitect whose services they have used in past and happy with them ? 2. what should be general architect fees( including town planning and other prodessionals as...

Hi All, Excuse me for putting this thread in this forum if you think its not right one. Could not find proper forum category as this topic covers both - investment(not only property) but tax also. Situation : A person wish to invest 30k every year for next 10 years. This 30k amount is...

I am offered a site in Ascot, QLD. It does have an existing 3 X 2 townhouse which needs to be renovated. There is council approval for 2 3X2 Townhouses at back. Site area is low 600 sqm. Asking price is around 1 million. Construction cost is 250-300K for each townhouses and renovation cost...

We are 3 friends planning to buy a development site with rentable home which will be developed after 1-2 years and till that time it will be rented out. We want to buy in a structure in which we are not jointly and severally liable. Buying in a unit trust is our preferred option. In this...

Hello, I am looking for buying a development site in Brisbane. Budget is 500K. Idea is to rent it out for 1 year or so until i have more cash for construction and also to get some time for development approval. Then after 1 year or so, i will develop townhouses. Does anyone know good...

Just considering a scenario.... Can bank ask debters of residential loans under any circumstances(except default and cross collaterisation scenarios of course), to repay some money? For e.g. lets day property market crashes. Or they do not have any right as long as loan repayment is on track ?

Hi All, I am quoted price of 35 K by a leading Perth buyers agent to source standard 3 units development site. He guarantees 15% gross profit (which I think is lower). I think it's quite expensive. I would have thought it should be around 15 K max. What are your thoughts regarding...

Hi All, Does anyone have ideam how much gross margin builders will be having for standard average spec homes - something like built by Commodore Homes, Blue print homes, impressions etc ? So entry level homes. By gross margin i mean difference between what client paid and what it did cost...

Today i met a new homes sales person for building a new home. The conversation led to other casual discussion and he told me that he is doing new homes sales as part time work and earning around 500K gross per annum. Some of his colleagues are earning around 1 million fross per annum. What...

Hello Everyone, I am doing a 3 units (3 X 2) development in Balga. This is my first complete development so don't have much experience. So thought to ask more experience people here. My situation : Home needs to be demolished before construction can start. Can i include all of the...

Hi All, I am looking for your suggestions and help. This is my second development so still learning... I have purchased 89 Rochester Circle, Balga WA. Its zoned R40. So i can either put 3 single storey units or 6 2-bedder appartments. Looks like there is more profit, if i go for...

Hi All, I have been searching for ideal or near ideal property investment strategy for me. Not sure which path i should choose. Me and wife are earning around 190K gross per annum in our job. I have 2 investment property valued at 550K each on my name. I believe time for "buy and hold"...