Search results

Hi all, It's very sad to hear that these Somersoft forums will be closing and "read-only" in the near future, but it's understandable given the costs involved. I would like to say thanks to all involved - what a wonderful resource it's been for so many of us! The new "PropertChat"...

Hey all, I'm back to post an update. Been reading the discussion since I've been away - interesting! FIDO, what exactly should we watch-out for when they go to select our strata managers? I have mentioned to EOS we might like to choose our own, and I believe (if my memory serves me) they...

Thanks MTR. I got on to the mob you suggested and they were very professional and obliging, but didn't give me any figures - telling me to get back to them when the project is completed so they could see the finished product before giving valuations and/or rental estimates. Unfortunately...

Hi sanj, MTR and all following, In terms of rental returns on my one bedder in this development, how do I go about establishing what a realistic figure will be? I've looked through the RE websites at similar properties, but it's so hard to ensure I'm comparing apples with apples, as there...

Thanks very much for the offer sanj! We get weekly updates and pics sent through every so often. It's great to see the progress this way! If they stop coming for any reason, I'll take you up on your offer, for sure! Thanks again! Crido

Hi MTR, If you see the figures above (from the EOS website), you'll see that each investor had to invest an initial deposit of $100K+. Yes, I agree, however a valuation and rental appraisal is somewhat arbitrary at this stage, as we're in this till the end anyway. We are hoping that...

Hi all, Sorry for not updating my thread since November - life got in the way! Anyway, construction continues and is sort-of on schedule ... "essentially we are not behind schedule but rather have rearranged the order in which things get done" (EOS). We have a "practical completion...

Almost three months since my last update ... and spurred-on to write another after the last two posts with worrying reports! :O Anyway, ground floor walls are almost finished. First floor slab pour next week hopefully, and they might (but I'm not counting on it!) have the roof on by Chrissy...

We're a bit worried about what this news is going to do to the figures for our Perth investment ... the below turned-up on my FB feed from Hotspotting.com.au: "Hotspotting on Safari - senior writer Bob Wilson reports: Perth is facing an over-supply of rental accommodation as WA?s economy...

Just a quick update, as I've been super-busy enjoying time with my wife and three-month old baby girl, while still trying to earn a living, study part-time and enjoy some recreation! Phew! Anyway, the builder has started ... a few weeks back we got some pics of the footings being poured...

Builder has apparently started ... but we still have to establish a schedule that we all agree upon. The builder's twelve month schedule is a month or so later than ours (based on a discrepancy concerning the date the Build Licence was granted). We are trying to align these two different...

Building licence was approved and picked-up by our builder earlier this month (on, or a few days prior to, the 7th May). The guys behind EOS are very approachable and reputable. Shoot them an email or call that 1300 number and they'll happily answer all your questions. We have a 12 month...

Just looking through old email correspondence ... We first applied for our Building Licence on Feb 17! Apparently council must reply within ten days, but each time it is submitted, council comes back with a question about the development that then restarts the ten days!!! It's been...

Yes, very frustrating at the moment - the year is slipping by and not much is happening! Apparently ... we're now waiting on council to approve the specs of our car parks before they'll sign-off on our Building Permit?! And, apparently ... these car parks have the same specs as other...

OK, almost three months since my last update and ... not a lot to update you all on I'm afraid! :( Waiting on more council approvals (something to do with the size of the carparks?!), and lending arrangements are still being finalised! When these hurdles are passed, our 12 month building...

Let's hope you're right! It's been exactly three months since I posted an update on our 33 Windsor St project and in that time ... I don't have a lot to report! At least, not as much as I, as an investor, would have liked to report on! EOS Property (Marketing and Investor Coordinator) and...

Ahhh, so this your Cairns property, that received the reno recently, that you were telling me about on the phone yesterday! Good job mate! I'll be hitting you up for some tips down the track I reckon! Cheers, Mick

Apparently two or three of EOS's Pilbara developments are due for completion soon. Very interested to see how these go! Tenders for our Windsor St development are in from three builders, so a builder will be chosen soon. The builders will sign a 14 month contract. EOS are discussing...

The above is from my first post ... somewhat explains the roles of EOS and Bird. Cheers, Crido

EOS/Bird Property Group do have some "skin in the game". I believe they have invested in a share of the final unit in the Windsor St development (the second one-bedder next to mine). Can't remember, but I think it was a fifty-fifty split with another investor? Boods? Cheers, Crido