Search results

wow. that is amazing. people are just stupid nowadays. ah well, they will be the first ones to cop it when the tide does (and it will!) turn

two words - school zone

Agreed Player - the thing I would be concerned about is the valuation. If the market rent implies a cap rate of 2% then this guy is absolutely f#$%ed at the bank - no valuer would go past a cap rate of 6% for a retail shop in Oakleigh. But like someone already said, if he's trying to clean his...

who knows - maybe he'll jack up the rent by 200%, thereby tripling his potential yield to 6%, then he can sell it to another sucker for the 2% cap rate! that's how you make money

lol. so the commercial property's business is money laundering. that's quite a profitable enterprise

ROFL! That's just insane! I see commercial properties in the Melbourne CBD in Chinatown going for 4-5% and I already think that's pushing it! Oh well - we all know what happens when people accept ridiculously low yields for properties......

btw - nathan's strategy would only work in a small country town where people either a) aren't looking for property and/or b) can't afford a property and/or c) the vendor is really really desperate. It could never happen in a metropolitan area - too many contenders

lol $3.8m for a VACANT commercial property in Bentleigh? so even if it's fully leased out, the yield is only ~2%? hahahaha! Where is this idiotic purchaser so I can sell him my Mitcham house for $4.0m