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Hi all, wondering how easy or not it is to transfer a home loan to another property. My wife and I currently own our PPOR in my wife's name. Mortgage is roughly $265k, house is worth $500-$550 based on comparables. So let's assume equity of $235k at least. Reduced income (we've had a baby and...

Thanks. We do have a good chunk of equity in our home. Sorry for the basic question but in terms of beginning from the start, is the first step to engage an architect who is familiar with the council we are in to advise us of what we can and cannot achieve with our parcel of land? I am...

Thanks very much. If building 2 or 3, and with no pre-sales, is it difficult to finance?

This is a great thread. I am a very new, potential developer down the track. Thinking of developing the land my family live on in Reservoir (Melbourne). Excuse the basic and probably ignorant question, but is there some kind of clause you can put in the building contract that stipulates that...

With regard to hold and sell, would people prefer to hold and sell in Frankston South or Mt Eliza or Mornington?

I'm not sure how accurate SQM is either. Anyone know? I know when I printed off suburb reports from RPD and Residex, their info was almost identical. However, SQM was substantially different in certain areas from both of those two sites. Also, does anyone know where to get vacancy rates...

Hi all, I've drummed up an old thread. Does anyone know of a website or source where I can get vacancy rates by suburb split between houses and units? SQMresearch does it by suburb but doesn't split between dwelling type. Cheers

Sorry, to clarify, early estimated budget is $500K to purchase. I then anticipate subdivision to be anywhere from $35-$50K. Holding costs maybe $20K. Need to add on stamp duty too. As I said earlier, it is only an idea at this stage. I need to sit down and do the math and research. Also, it...

Thanks for the advice guys. Have only really began thinking about this so have done very limited research at this stage. I am leaning towards the eastern suburbs. Burwood, Mitcham, Blackburn. Access to transport is pretty good out there and there are a number of schools and Deakin Uni is...

Hi all, my wife and I are considering buying a house on subdividable land, leasing it out for a year and subdividing and selling both the house and the subdivided land. What are people's thoughts on which areas of Melbourne would be best to do this in? We are thinking maybe eastern...

Raheja, this is exactly what I'm considering doing. Buying a place in the Eastern suburbs, leasing it for 12 months, subdividing and selling. Any preferences between Doncaster, Ringwood, Mitcham, Donvale, Blackburn or Templestowe? Any others?

Jake, really good info here. Stupid question: when you look at the vacancy rates on that site, is it more important to look at the average vacancy rate or the number of vacancies in the past few months/years? Cheers Dom

Just realised I had my sums wrong! Long day at work! Using my figures I'd make a $110k profit, not a $10k profit. This is subject to CGT at my marginal rate right? And is also need to deduct agent fees? Thanks

Thanks Erica. Great post. In my case though we are living in the house on the subdividable land and can't lease it out. So, let's assume the following: - House and land is currently worth $500K. - I spend $40K on a subdivision. - House with reduced land is now worth $400. - New...

Working on extremely rough figures, if your house is worth say $500k and after the subdivision it decreases to say $425k you lose $75k on the value of the house. You have made $113k on the subdivision. Tax at 30% takes this down to roughly $80k. So after all the farting around you end up...

Apart from doing your own research, going to opens and auctions, talking to agents etc, what are some good research websites people use? Obviously this forum is good but what are other decent sites worth keeping an eye on?

And presumably on half the size block in Aspendale for the same price as Mt Eliza!! I'm trying to convince my wife Aspendale is the place for us to go! I like it there a lot.

Hi Spades. That is something we are thinking about. Could buy a new PPOR in Mt Eliza, turn our current PPOR into an IP and use the rent to pay off part of the repayments. The median price in my suburb has dropped by about 19% in the last year so we have lost part of the equity we have built...

What kind of yields are we talking? Also, you say buy now. We won't be in a position to buy for 1-3 years from now without obtaining a large mortgage which I don't want to do. Especially as we are in a position of getting our current mortgage down.

That's the sort of info I'm after! Thanks. If that is right regarding holding costs sucking up plenty of the average yield then that's probably not the best option. I'm literally at square one in terms of research so every bit helps. From the above responses it sounds as though Mt Eliza...