Hi from Melbourne :)

Discussion in 'Introductions' started by Youngm71, 10th May, 2019.

Join Australia's most dynamic and respected property investment community
  1. Youngm71

    Youngm71 New Member

    Joined:
    10th May, 2019
    Posts:
    2
    Location:
    Melbourne
    Hi all,

    I'm a newbie investor in Melbourne, currently living in Chelsea Heights :)

    I'm looking at feasibility of doing a subdivision project somewhere in the Sth Eastern Suburbs, such as Carrum, Bonbeach or Seaford.

    I already have an investment property in Sunshine, and am now looking at doing a knockdown and triple townhouse development over the next couple years.

    Just joined this forum to learn from you, much more experienced developers :)

    Looking forward to learning and developing more!

    Cheers!
     
    Lil Skater likes this.
  2. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    10,599
    Location:
    Gold Coast (Australia Wide)
    Welcome to PC

    doing some finance for some client devs in Melb metro at the moment.

    bit shall we say difficult with In one line valuation haircuts of 24 %, 5/5 for market risk conditions by some valuers opinions.

    Buying super well may limit some of those risks

    ta
    rolf
     
    WandereringTribe likes this.
  3. Eric Wu

    Eric Wu Well-Known Member Business Member

    Joined:
    8th Oct, 2016
    Posts:
    1,603
    Location:
    Australia
  4. Paul Mete

    Paul Mete Well-Known Member

    Joined:
    12th Mar, 2019
    Posts:
    82
    Location:
    Melbourne
    Welcome and good luck!

    PAUL
     
  5. WandereringTribe

    WandereringTribe Active Member

    Joined:
    24th Jul, 2018
    Posts:
    40
    Location:
    Melbourne
    Hi there,
    We are looking into doing similar, although yet to choose area (south east though). Keen to see your progress and will follow this thread! Good luck :)
     
  6. KateAshmor

    KateAshmor Victorian Conveyancing Lawyer Business Member

    Joined:
    25th Jun, 2015
    Posts:
    711
    Location:
    Melbourne