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Where are you buying now!

Discussion in 'General Property Chat' started by Switchtronics, 28th Aug, 2016.

  1. Switchtronics

    Switchtronics Active Member

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    The property market seems buoyant with different opportunities atm. Just thought I'd throw it out there to see why people are buying and where. I have been watching the Adelaide and Brisbane market analyzing different suburbs based on potential capital growth.

    Where are you buying and why?
     
  2. MTR

    MTR Well-Known Member Premium Member

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  3. Switchtronics

    Switchtronics Active Member

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  4. MTR

    MTR Well-Known Member Premium Member

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    Am buying in USA at the moment and developing in Croydon, Victoria, if interested there is a thread on Croydon and Atlanta/USA.
    Keep reading posts on PC, something will make sense eventually.

    MTR:)
     
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  5. Erica

    Erica Well-Known Member

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    Just got 900m sq 10km Sth West of Adelaide CBD, retain/ renovate and subdivide site.
     
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  6. Ghoti

    Ghoti Well-Known Member

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    Just bought Carrum Downs Vic. No doubt at or approaching peak. Very competitive with long lines outside most 'opens' and many selling same week as listing without making it to an open.

    Plan to hold for ~10 years then renovate & subdivide.
     
  7. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    I'm working towards a commercial property purchase but there's a few constraints so it'll likely be early next year.

    Right now, I'm thinking of buying lunch.
     
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  8. MTR

    MTR Well-Known Member Premium Member

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    Hi Peter
    Can you share what State you are buying in??? Melb??
     
  9. Brady

    Brady Well-Known Member

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    How exciting, has it settled yet? Interested to see the details - PM if you're comfortable to
     
  10. meme plecko

    meme plecko Well-Known Member

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    @Peter_Tersteeg, I'm more interested in what are you having for lunch rather than where are you buying it...
     
  11. Colin Rice

    Colin Rice Mortgage Broker Australia Wide Business Member

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    Whats for lunch Pete? I need some ideas :)

    Im currently in the process of a retain and build in Perth WA. Meeting with designer / building broker to finalise plans on Friday then put it out to tender. 20% profit margin but plan to hold both as its a pearler of a location.

    Also looking at a potential 4 x 1 bedder with a creative design on a vacant piece of land within a footy kick to a train station with park views, rather than looking at each other. 20-30% profit margin potentially. Will sell 2 and hold 2 most likely if all goes to plan. Also in Perth WA.
     
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  12. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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  13. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    Melbourne eastern suburbs. I'm specifically looking for a property for my own office.

    When you count potential vacancies of tenants it's wouldn't be a cash flow type deal, but for me the cost to own is about the same as the rent I currently pay. Better to put my rent money into something I'll own outright within the expected life time of my business than to give it to someone else.
     
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  14. Brady

    Brady Well-Known Member

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    Haha was going to suggest that, as it's exactly what I had for lunch - was on the phone to a client who was also getting sushi :)

    Good stuff
     
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  15. Cactus

    Cactus Well-Known Member

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    Let us know when it settles :p
     
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  16. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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    It's now settled very nicely. Would you also like to know when it's been discharged? :confused:

    ... or too much information?
     
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  17. Colin Rice

    Colin Rice Mortgage Broker Australia Wide Business Member

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    I prefer teriyaki beef but I have it like 3 times a week.

    Im going to do the same thing but accountant said "steady on son" haha!

    That gave me and my PA a great laugh. She wants to know if it is a partial, full or simultaneous discharge? :p
     
  18. Cactus

    Cactus Well-Known Member

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    As long as you share how you go stamping it...
     
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  19. Peter_Tersteeg

    Peter_Tersteeg Finance broker and strategist Business Member

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  20. Switchtronics

    Switchtronics Active Member

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    Is there a lot of subdivide potentiall in Adelaide?