Site and construction costs are typically triple. It is unlikely that you could build using a volume builder. You need a custom architect...
Yikes! I would never buy a PPOR this close to high voltage transmission lines, unless you prefer to be glowing at night and riddled with tumors!...
Wow, it's been for sale for 3 years?? At least they've dropped the price from $4m to $2.4m.
Why would anybody build this obscenely ostentatious mansion-ette in this particular location... It's in an industrial area of Clayton Victoria....
If you look closely at these two red arrows, you will see the roads are blocked at these points. This means that virtually all the traffic going...
Location! It's in an awkward little pocket right next to the frankston freeway. Think about the noise and air pollution. Block is an awkward...
Typically most commercial property is cashflow positive or very close to it, mainly due to the risks of vacancy and the difficulty with finance...
Gross and Net yield are almost the same on commercial, as the tenant pays all outgoings. Commercial rates is around $1800/yr, but paid by tenant....
Hi experts, I would be interested in any opinions on this old milkbar with rear 2 bedroom unit -...
Literally just happened. Maybe it was somebody in here :).
[IMG] Look closely at the join on the brickwork. It looks like it's made of imitation brick cladding, which is usually either asbestos itself or...
Yup, all good points. Also - what are the chances that you both want to sell at the same time in the future? What if one person wants to...
Frankston North was known as "The Pines". 20 years ago it was effectively a slum, full of drug addicts and disadvantaged people. It is slowly...
I saw that one. Very small awkward house on very steep block. Zero street appeal. I would say a knock-down. Any kind of extension or...
Dandenong (60 Gladstone Road) - this is effectively on Heatherton Road, which is a arguably one of the worst roads in the region. Always...
Ah, good perspective. I understood that it is a common strategy to use a line-of-credit or redraw on a PPOR to pay the deposit and costs of a new...
The main problem seems to be that the rental yield is very low with the current leases (around 1.5%), and the property obviously needs extensive...
Thanks all. Yes, thinking of doing a fresh redraw for approx 110% of the value of the property into a brand new offset account. I.e. 900k redraw...
I have a PPOR (around 1.5m) which is effectively fully offset. I know it is a pretty common strategy to redraw from a PPOR to a separate split to...
Another fun fact - banks do NOT want to lend money for a property like this. When they do - they want a 50% deposit or thereabouts. The most...
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