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Just out of curioisty what sort of vendor finance conditions did you offer

eww. yuck! but if you were doing multiple dwellings then it wont become a battleaxe block, will it? I thought with multiples, then it becomes a unit block

im pretty sure its pretty easy for an architect to use 2400sqm, and put more dwelling on it then 2x1200, by putting a drive way straight up the middle or side

I see brand new HL packages for as low as $220k, obviously plus extras, but it has got me thinking toher then "whoa thats cheap" sinec the majority of the population are not invetors, espeically OO in the area, why would anyone buy an average old house on a large block over a brand spanking...

why dont you tell us the suburb and street and renoed/unrenoed and people will give you an idea, personally I think council values are a very dangerous way to get an idea of value

ouchy!!!!! that being said it was a differnet suburb kudos for me for defending erica ;)

im sure they wont notice......:) or maybe i can bribe them with a carton of winfield blues or maybe they will be soooooo high they wont notice

I guess it depends on what your intentions are Buy, hold and tear down eventually, then you could patch up the cracks and rent it out until tear down

haha fair enough, I wasnt fishing for deals, just wondering what rent and purchase price you were talking about, and yes I agree about not having to wait for developments site, however, im looking for a long term buy and hold and develop eventually, while being cashflow positive/neutral...

http://www.realestate.com.au/property-house-sa-elizabeth+east-117968799 this one is overpriced at $110k, look at the cracks!!

ok, well I missed the original listings, I saw the listing come up on my alerts and the next day it was under contract edit:I just checked my emails, and i have an email from the selling agent explaining the $265k price and it not selling due to a dud bidder. oops, I better learn to check my...

thanks cjay, the semis were sent to me via another member on SS, I agree that 130k each for a semi in dav park isnt a great price, in fact about 5-10k too much, but I was thinking at 8.4% yield, I think its pretty good, the $ per sqm isnt that great I agree, but long term for a hold for...

http://www.realestate.com.au/property-house-sa-elizabeth+downs-117462235 Sold in a matter of hours, came up on my alerts and was under contract, I havent called the agent to see how much it sold for

good purhcase DT I know that $250k was the sort of going rate for a 1300sqm+ pair that needed a bit of work,m however, recently unless im wrong they were going for about $270k, maybe cjay could confirm. yes, Dav park is crappier, however, my gut feeling is that for development, its...

Whats everyones opinion in terms of price for the following Pair of semis 1350 odd sqm Davoren park 3bdr+2bdr both are neat and currently rented corner block, rectangular ive been following prices, and it seems the market price is a bout the $270-$280k mark, does anybody have sold...

very true, many of my tenants are on welfare, so I wouldnt kick them off welfare!!!!

We live in such a lucky country!!!! over the past few months, ive met one 50 yr old, living in government subsidised accomodation paying $70 per week, while receiving $1000 per forntight on disability, (not sure what his disability is) all he does every day is smoke bongs, drink goons and...

$1000 per week!! if thats true, im in the wrong business I thought newstart/dole was like $275ish per week, so thats $550 per couple per week, and I believe you cant stay on newstart for ever before you actually get a job, or make you work for the dole, or put you on the highest stream, or...

1. Im not whigning about it, I just wanted to know the exact reason for the prices 2. I approached 8 agencies and the lowest I could get was 8%+GST, even with multiple 3. I dont mind paying high $$ if there is a valid justification, I just hate being lied to or given a BS excuse 4.if you...

I have a property in Vic whos rent is 180 per week at 7.7% I also have a property in notoriously bad area who's rent is 200 and management ranges from 7 to 11% If one can do it for 7, then I think it's reasonable to expect others to do so