Properties I can't have

[Belu]

http://www.realestate.com.au/cgi-bi...eader=&cc=&c=55468719&m=1&s=vic&tm=1218542105

This is interesting - this one was up about 3-4months ago and sold, looks like the kitchen has been done and it is an on-sell, strange - maybe they cant afford to keep the reno going?

 

[steveadl]

mmmm here's a nice one. 2 neighbouring commercial sites for a total of around 6,800m2 3km from the CBD. Perfect for development. The second parcel has been for sale for over a year, but the neighbour only came on this week:

http://www.realcommercial.com.au/cgi-bin/rsearch?a=o&id=5431672&emailsource=emailalert

http://www.realcommercial.com.au/cg...ader=&cc=&c=1661682&s=sa&snf=as&tm=1218581697

 

[PrimeCommercial]

A possible development block at Evans Head.
948m2, 3 frontage block opposite water for $779k

Same street but number 10
785m2 $1.1mil
Does mention that its within medium density zoning, first one doesn't mention anything about zoning. but its only 5 houses apart and same block. Same REA too.
larger block and $320k cheaper, might be worth a look at zoning.

 

[vbplease]

Brisbane (Fortitude Valley) apartments

Hi Guys, for those of you that like inner city apartments - what do you think of these two?

http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105054191
http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105094605

I've noticed prices have come down a little.. I think its possible to buy them for 385/390k, you'd then furnish them, so total price = 400k. I believe demand is still high for furnished apartments. There is also the benefit of depreciation with these new apartments.

Rent furnished 600/w + (2nd car park rented seperately 40/w) = 640/w

Gross yield = 640*52/400k = 8.3%

body corporate approx 3500pa ??
rates set to increase!! my guess is 2300pa ??

Net Yield = 6.87%

Interested to hear your thoughts.. as I think the valley should continue to have steady growth.

 

[investor_eddie]

Hi Guys, for those of you that like inner city apartments - what do you think of these two?

http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105054191
http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105094605

I've noticed prices have come down a little.. I think its possible to buy them for 385/390k, you'd then furnish them, so total price = 400k. I believe demand is still high for furnished apartments. There is also the benefit of depreciation with these new apartments.

Rent furnished 600/w + (2nd car park rented seperately 40/w) = 640/w

Gross yield = 640*52/400k = 8.3%

body corporate approx 3500pa ??
rates set to increase!! my guess is 2300pa ??

Net Yield = 6.87%

Interested to hear your thoughts.. as I think the valley should continue to have steady growth.

Wow thats a great rental return, didn't realise how much those apartments rent for.

Is it possible to get a 95% lend for those? What are vacancy rates like on inner city apartment?

EDIT: Nevermind.. after a bit of searching looks like I'll need a massive deposit to purchase one of these

 

[MarkandTina]

One that I've been considering, but short term the holding costs would be too much for me, and I'm not yet in a position for one that needs development.

Capital growth would be dependent on transport infrastructure changes that are not currently in the pipeline but which I think may happen over the next 5 - 10 years.

http://www.realestate.com.au/cgi-bin/rsearch?fslm=1&a=o&id=104648589&t=res&s=sa

 

[boomtown]

Hi Guys, for those of you that like inner city apartments - what do you think of these two?

http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105054191
http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105094605

I've noticed prices have come down a little.. I think its possible to buy them for 385/390k, you'd then furnish them, so total price = 400k. I believe demand is still high for furnished apartments. There is also the benefit of depreciation with these new apartments.

Rent furnished 600/w + (2nd car park rented seperately 40/w) = 640/w

Gross yield = 640*52/400k = 8.3%

body corporate approx 3500pa ??
rates set to increase!! my guess is 2300pa ??

Net Yield = 6.87%

Interested to hear your thoughts.. as I think the valley should continue to have steady growth.

Good numbers but:

1. Backs onto the train tracks which is a major negative - you need to inspect as a train goes by and figure out how good the soundproofing is - does the building shake? (but it is close to Brunswick st station!)
2. Square footage not disclosed.
3. $600 pw may be a bit aggressive (hard to know without seeing the building in person).
4. Body corps more like $5k definitely not $3.5k.
5. I have no experience renting car parks separately so unable to judge whether $40pw is realistically attainable. Also unclear if body corp rules would permit it.
6. You need to make sure there are no ********s like Quest hanging around in the building.

Worth looking at further but that means examining very closely.

 

[PrimeCommercial]

Might be of interest to someone
http://www.realestate.com.au/cgi-bi...r=&cc=&c=22427044&s=nsw&snf=ras&tm=1233229356
Has 3B fibro sitting on 1107m2 and DA for subdivision battleaxe.

Wondered if much thought has gone into subdivision as 3 doors theres a block of 6 townhouses on a site very similar in size.

I know there could be many reasons why 6 couldnt fit on this particular block but it might be worth a phone call.
Also block next door looks same size and not yet subdivided like all the others in the immediate area.

Numbers would still work continuing with subdivision, just not extremely attractive

 

[eggnog]

Here's one I believe would be worth a second look for landbanking/subdivision. I haven't done the numbers on it coz not in a position to purchase but at a glance there could be a couple of million $ in it for whoever pulls it off.

http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105523444&rsf=emailalert-propdetails