I am ready to construct two townhouses in Bentleigh east.
Total Build area 205 Sqm2
Garage 23 m2
and porch 5 m2

4 Bedrooms on the top and Study and living rooms on the bottom.

Any rough idea what would it cost to build a townhouse.

Thank you.

Once we bought the property, I have got three quotes from rental agencies. They didn’t insist for us to use their…[Read more]

We have all the financials ready. Just wondering if Salary sacrifice and trust distribution will be added.

I recommend Metropole located in Brighton. I have used them in the past. They are very good.

They dont have properties to sell. They are true buyers agency.

The trust is my own company. We are small size businees with 100 or more employees. The profit gets distributed end of the year.

Thank you.

Point Cook doesn’t have a train station. So people working in the city. Which is most of them will not rent there. I don’t think there is an any good capital growth in near future for point cook. Its a new suburb has the bigger building and narrow roads. No major shopping centre to attract people from other areas.

Most of the shoppers…[Read more]

Point Cook doesn’t have a train station. So people working in the city. Which is most of them will not rent there. I don’t think there is an any good capital growth in near future for point cook. Its a new suburb has the bigger building and narrow roads. No major shopping centre to attract people from other areas.

Most of the shoppers…[Read more]

I have lived in Altona North for a 12 years and seen a good capital growth for a last year comparable with Altona.

1) Altona North doesnt have a train station. Which can be a negative point for the suburb.
2) Very close to the city. and travel to city or eastern suburbs is a breeze.

Altona

1) I would recommend on other side of…[Read more]

I am applying for a construction loan and I have questions for the property experts on the forum.

Myself and my wife had made salary sacrifice to our self managed super fund and one of trust has distributed profits to my wife last year and going to distribute this year as well. My question is, when applying for a loan. Do the lenders…[Read more]

Cons of Commercial,

You need 30% in intial deposot
Real estate…[Read more]

.

I think, If I replace a new one, he will wreck it in 2 – 3 years time.

I will send a technician and find…[Read more]

Can landlord refuse a new stove.

We have recently purchased 600 sqm block with the house (rented now). And got two townhouse development approval from council last week. If I was planning to sell with the approvals in place. How much more does the price increase?

This property is in Bentleigh East.

Thank you.

Thank you.

We have recently got approval for two townhouse development in Bentleigh East. Land size is 600 sqm. Building 24 square 2 townhouses. Could anyone let us know what would be the construction cost for each townhouse?

Thank you
Hari

Ryan, Excellent article.  Thank you. 

– Is there any correlation between inflation and interest rates?
.

Thanks in advance

Ryan, 

There is one interesting theory, I was researching for a long time in relation to Inflation and Interest rate. 

Inflation and Interest rate determine the price of Housing. In any Country rate of growth on Housing is Rate of…[Read more]

Wow!!! , That's very good. I am on same package. Can you please tell if it is from a broker or direct through Branch. You got 1% discount for life of the loan. 

Do we need to have a loan more than million dollars on Individual property. Please advise. 

Thank you

Dear Melbinvester, 

If you have 763 sqm in Wantrina South, Which is a good are in Melbourne. I think you might squeeze in 3 properties. I was having a discussion with a Councilor from other area in…[Read more]

Also to do a transaction you are required to download the log of every single transaction ever done using bit coin. In a year or two this is expected to be 1TB!

Imaging having to download 1TB of data every time you want to send someone some money.

So be very careful!

Ryan, 

I just saw a…[Read more]

Cheers

Jamie

Jamie,

WESTPAC is expecting 2 rate decreases next year. Hopefully we can see 2 more.

I went to ANZ to fix my Interest rates and they told they are expecting the rates will decrease next year.

Do you think they will decrease. Please let me know your opinion. 

Thank you

2 toilets is way to go. People are taking more time in 21st century to get ready. So, it is better to have 2 toilets. If it is investment. By experience. You fetch more rent and easily rentable,

thank you
Hari Yellina

be careful with renovations. Recently, I have done a renovations on old property I have. It took me 3 months to complete. Going was good. Painter delayed work by 2 months.

sometimes, good trades people are busy. It can take more time than expected. And you have to factor I your salary and interest rate as we'll.

first some half…[Read more]

First of all, I like your profile picture. How did you manage 4.88% With ANZ breakfree. It is actually very good. Are your loans above 1M. 

Thank you
Hari Yellina

Please post your opinion in this post. Thousands of people are reading this forum. They have to be informed. People like me and Australian Government should know the facts about chinese.

Thank you
Hari Yellina.  

Thank you for your honest post. 

From 
Hari Yellina . 

This is quite a fascinating discussion. 

We have wannabe buyers being outbid at auction and complaining because the successful buyers were Asian-looking and therefore, according to the aggrieved parties, Chinese investors. They could be third-generation Australians, for all they know.

It’s reminiscent of the eighties, when high…[Read more]

Thats is a good interest rate. You moved in at smart time. I Hope interest rates will come down and I wil be way below that what your are getting. But I must say it is pretty good. 

What about yearly fees. 

Thank you
Hari Yellina

I am just curious to know what Interest rate public is actually getting. 

Thank you
Hari Yellina

Sorry it is .22% per year. I am still happy, he got me the best deal out there. When I went to bank. They offered me 5.2% But the same bank from the Broker was cheaper. 

Thank You 
Hari Yellina

If you look at the apartments coming into Melbourne market in next 5 years are 17,000. Half means 8500 are purchased by overseas buyers. 

In that overseas purchased, Indians, Chinese, Indonesians, Singaporean, USA, and UK. All of them have to share. So, lets say the share of the Chinese will be around 1000.00. 

1000 sales is not…[Read more]

I am Hari Yellina, I would like to congratulate you on the job Well done, I should buy a the magazine and read about your achivements. 

Keep up the good work. 

Thank you
Hari Yellina
Property Investor. 

I am Getting 4.92% Interest from ANZ for all the properties. 

1) Residential. 
2) Some are 600,000 and some are 350,000. But all my properties, They are offering 4.92% . 
3) No yearly charges. 

Because on this forum we discuss about property Investing, I would like to know what other are getting. Qlds is getting 1.3% discount,…[Read more]

You are not going to have second toilet now. 

Thank you
Hari Yellina

Looks like I got the best deal, with the Interest rate. 

No one wants to discuss Interest rates here. 

Thank you
Hari Yellina

How much is for commercial Loan office in melbourne city. 

4.83% is very good with ANZ. 

Thank you
Hari Yellina

You are right. Do you think this is all Illegal money invested here in Australia. 

Thank you
Hari Yellina 
Property Investor. 

I have few properties with 1 toilet and few properties with 2 toilets. 

All of them are more then 2 bedroom, Having two toilets will fetch little bit more money than one toilet. 

1) If the couple is working, they need to get ready at a same time and have shower. 2 toilets makes life easier. 
2) Guest can use one toilet other…[Read more]

You have set a path what you want to buy, how you want to buy. You sound very confident. This is want you will be needing in any investment. 

Please do go ahead and stick to your guns. Do you have any experience in renovations. 

Thank you
Hari Yellina. 

not your  personal details. Just your interest rate. To compare with others. 

If you don't own a property, I can understand.

thank you for your comment. 
Hari yellina. 
Property investor

I should be the first one to tell isnt it. 

Interest 4.92% per Annum 
ANZ Bank 
Interest only . 

Thank you
Hari Yellina 
Property Investor.

I am Hari Yellina, keen property investor. I am putting my 2 cents worth. Because, I have achieved more than 5 Properties and in my double digits at the moment. 

When I started first it was exiciting. 

1) I have attended lot of seminars, listened to every one of them, Bought lot of books and actually read them. 
2) Like few of the…[Read more]

Thank you so much, We need brokers like that. I have invested in properties in double digits. Always, was left to do all the work. Every broker I met would apply to any Bank and they just wait for the Bank to come with yes or no. 

Not once any broker offered me RPData, We purchased our selves and order independent Valuations. But…[Read more]

ANZ will not allow you to submit your Valuation. It will have its own Valuation. If you think it is wrong, Please contest it. They might look into it. 

But, Why do you need to buy property which is over valued. If you have a finance clause signed with the seller. Tell him, your finance hasnt been approved and cant buy the…[Read more]

You are absolutely right. I have a property which was Valued by other independent valuers very high and when ANZ done it on their computer it came 5% less then the market. Thats when I thought, they Valuations are not properly done. 

Valuation before and property renovations comes same on ANZ computer. Hopefully they will fix this…[Read more]