Property Developing
Mar 8th 2008, 10:02 pm
#1
Forum Regular
Thread Starter
Joined: May 2006
Posts: 220
Property Developing
Hiya,
we are having a mini crisis in our household at the moment. My OH is VERY skilled in all things necessary to make a brilliant go at property developing. We've always wanted to give it a go but have been pretty fearful...up until now that is. Ironically, only the process of applying to live in Aus has given us the outlook that "anything is possible".
We are not sure whether to try to make a go of it here developing or to go to Aus and do it there. Does anyone have any experience in developing in either country? Is there scope to develop in Perth and make good money doing so? We are sure we could make money here at it - not so sure about over there.
Just when I thought we'd made a decision!! ARGHGHGHGHGHGHGHGHHH!!
I hope someone can offer something!
Yvonnex
we are having a mini crisis in our household at the moment. My OH is VERY skilled in all things necessary to make a brilliant go at property developing. We've always wanted to give it a go but have been pretty fearful...up until now that is. Ironically, only the process of applying to live in Aus has given us the outlook that "anything is possible".
We are not sure whether to try to make a go of it here developing or to go to Aus and do it there. Does anyone have any experience in developing in either country? Is there scope to develop in Perth and make good money doing so? We are sure we could make money here at it - not so sure about over there.
Just when I thought we'd made a decision!! ARGHGHGHGHGHGHGHGHHH!!
I hope someone can offer something!
Yvonnex
Mar 9th 2008, 1:02 pm
#2
Forum Regular
Thread Starter
Joined: May 2006
Posts: 220
Re: Property Developing
Anyone??
Mar 9th 2008, 6:57 pm
#3
BE Enthusiast
Joined: Mar 2007
Posts: 733
Re: Property Developing
You've missed Perth by 5-7 years- if you had started then, you would be v.wealthy today. As a rule Perth is normally 2-3 years behind the East coast. V. expensive now.
On the east coast (melbourne/ sydney) the big opportunity now is for those with the cash to snap up properties as the screws tighten with interest rate rises.
Aus is the ultimate for prop developers but I would wait a while to catch a ride on the next upswing.
Mining towns have all boomed- as long as China has an appetite these towns should keep going, but once again the real bargains have been had.
You should go over and learn the ropes- when the time is right again, you're ready to rock and roll
On the east coast (melbourne/ sydney) the big opportunity now is for those with the cash to snap up properties as the screws tighten with interest rate rises.
Aus is the ultimate for prop developers but I would wait a while to catch a ride on the next upswing.
Mining towns have all boomed- as long as China has an appetite these towns should keep going, but once again the real bargains have been had.
You should go over and learn the ropes- when the time is right again, you're ready to rock and roll
Hiya,
we are having a mini crisis in our household at the moment. My OH is VERY skilled in all things necessary to make a brilliant go at property developing. We've always wanted to give it a go but have been pretty fearful...up until now that is. Ironically, only the process of applying to live in Aus has given us the outlook that "anything is possible".
We are not sure whether to try to make a go of it here developing or to go to Aus and do it there. Does anyone have any experience in developing in either country? Is there scope to develop in Perth and make good money doing so? We are sure we could make money here at it - not so sure about over there.
Just when I thought we'd made a decision!! ARGHGHGHGHGHGHGHGHHH!!
I hope someone can offer something!
Yvonnex
we are having a mini crisis in our household at the moment. My OH is VERY skilled in all things necessary to make a brilliant go at property developing. We've always wanted to give it a go but have been pretty fearful...up until now that is. Ironically, only the process of applying to live in Aus has given us the outlook that "anything is possible".
We are not sure whether to try to make a go of it here developing or to go to Aus and do it there. Does anyone have any experience in developing in either country? Is there scope to develop in Perth and make good money doing so? We are sure we could make money here at it - not so sure about over there.
Just when I thought we'd made a decision!! ARGHGHGHGHGHGHGHGHHH!!
I hope someone can offer something!
Yvonnex
Mar 9th 2008, 8:29 pm
#4
classy clipper
Joined: Apr 2005
Location: perth W.A.
Posts: 180
Re: Property Developing
[QUOTE=YvonnePaul;6036089]Hiya,
we are having a mini crisis in our household at the moment. My OH is VERY skilled in all things necessary to make a brilliant go at property developing. We've always wanted to give it a go but have been pretty fearful...up until now that is. Ironically, only the process of applying to live in Aus has given us the outlook that "anything is possible".
We are not sure whether to try to make a go of it here developing or to go to Aus and do it there. Does anyone have any experience in developing in either country? Is there scope to develop in Perth and make good money doing so? We are sure we could make money here at it - not so sure about over there.
Just when I thought we'd made a decision!! ARGHGHGHGHGHGHGHGHHH!!
I hope someone can offer something!
Yvonnex[/QUOTE
There are so many mid large developers here i would say you would need one million u.k. pounds to break in to the market. so many companies are able to deliver A class developments not quite like the u.k. where you can tosh up buyers here all like new and imaculate as a rule. As a pom you may even encounter more obstacles than the locals with regards to red tape.
Because of rate rises it may be that some developments are sitting on the market longer thats when cash flow can become a problem and sitting on a development can eat in to your profits especially if you have to service loans.
we are having a mini crisis in our household at the moment. My OH is VERY skilled in all things necessary to make a brilliant go at property developing. We've always wanted to give it a go but have been pretty fearful...up until now that is. Ironically, only the process of applying to live in Aus has given us the outlook that "anything is possible".
We are not sure whether to try to make a go of it here developing or to go to Aus and do it there. Does anyone have any experience in developing in either country? Is there scope to develop in Perth and make good money doing so? We are sure we could make money here at it - not so sure about over there.
Just when I thought we'd made a decision!! ARGHGHGHGHGHGHGHGHHH!!
I hope someone can offer something!
Yvonnex[/QUOTE
There are so many mid large developers here i would say you would need one million u.k. pounds to break in to the market. so many companies are able to deliver A class developments not quite like the u.k. where you can tosh up buyers here all like new and imaculate as a rule. As a pom you may even encounter more obstacles than the locals with regards to red tape.
Because of rate rises it may be that some developments are sitting on the market longer thats when cash flow can become a problem and sitting on a development can eat in to your profits especially if you have to service loans.
Mar 9th 2008, 9:14 pm
#5
Has left the building
Joined: Mar 2007
Posts: 4,079
Re: Property Developing
[QUOTE=jan;6039208]
Take with a pinch of salt
There are large developers developing crap builds using wrong building methods.
Alot of opportunity downunder, especially for low overhead operations.
In the coming recession their is loads to be made, and the eventual upswing will not be shared with traditional builders.
Hiya,
we are having a mini crisis in our household at the moment. My OH is VERY skilled in all things necessary to make a brilliant go at property developing. We've always wanted to give it a go but have been pretty fearful...up until now that is. Ironically, only the process of applying to live in Aus has given us the outlook that "anything is possible".
We are not sure whether to try to make a go of it here developing or to go to Aus and do it there. Does anyone have any experience in developing in either country? Is there scope to develop in Perth and make good money doing so? We are sure we could make money here at it - not so sure about over there.
Just when I thought we'd made a decision!! ARGHGHGHGHGHGHGHGHHH!!
I hope someone can offer something!
Yvonnex[/QUOTE
There are so many mid large developers here i would say you would need one million u.k. pounds to break in to the market. so many companies are able to deliver A class developments not quite like the u.k. where you can tosh up buyers here all like new and imaculate as a rule. As a pom you may even encounter more obstacles than the locals with regards to red tape.
Because of rate rises it may be that some developments are sitting on the market longer thats when cash flow can become a problem and sitting on a development can eat in to your profits especially if you have to service loans.
we are having a mini crisis in our household at the moment. My OH is VERY skilled in all things necessary to make a brilliant go at property developing. We've always wanted to give it a go but have been pretty fearful...up until now that is. Ironically, only the process of applying to live in Aus has given us the outlook that "anything is possible".
We are not sure whether to try to make a go of it here developing or to go to Aus and do it there. Does anyone have any experience in developing in either country? Is there scope to develop in Perth and make good money doing so? We are sure we could make money here at it - not so sure about over there.
Just when I thought we'd made a decision!! ARGHGHGHGHGHGHGHGHHH!!
I hope someone can offer something!
Yvonnex[/QUOTE
There are so many mid large developers here i would say you would need one million u.k. pounds to break in to the market. so many companies are able to deliver A class developments not quite like the u.k. where you can tosh up buyers here all like new and imaculate as a rule. As a pom you may even encounter more obstacles than the locals with regards to red tape.
Because of rate rises it may be that some developments are sitting on the market longer thats when cash flow can become a problem and sitting on a development can eat in to your profits especially if you have to service loans.
There are large developers developing crap builds using wrong building methods.
Alot of opportunity downunder, especially for low overhead operations.
In the coming recession their is loads to be made, and the eventual upswing will not be shared with traditional builders.
Mar 9th 2008, 9:22 pm
#6
classy clipper
Joined: Apr 2005
Location: perth W.A.
Posts: 180
Re: Property Developing
[QUOTE=Geelong Gent;6039412]
Take with a pinch of salt
There are large developers developing crap builds using wrong building methods.
Alot of opportunity downunder, especially for low overhead operations.
In the coming recession their is loads to be made, and the eventual upswing will not be shared with traditional builders.
The wrong building methods eh! Would be nice if you could give an example to back up YOUR opinion.
And the coming recession ? F/ME Can i borrow that crystal ball when you have finished with it.lol.
Loads to be made?????????? lol! So we should be hearing from a really rich Pom very shortly. WATCH THIS SPACE FOLKS. I reckon if i need to be taken with a pinch of Salt you need a lorry load!!
Take with a pinch of salt
There are large developers developing crap builds using wrong building methods.
Alot of opportunity downunder, especially for low overhead operations.
In the coming recession their is loads to be made, and the eventual upswing will not be shared with traditional builders.
The wrong building methods eh! Would be nice if you could give an example to back up YOUR opinion.
And the coming recession ? F/ME Can i borrow that crystal ball when you have finished with it.lol.
Loads to be made?????????? lol! So we should be hearing from a really rich Pom very shortly. WATCH THIS SPACE FOLKS. I reckon if i need to be taken with a pinch of Salt you need a lorry load!!
Mar 9th 2008, 9:28 pm
#7
Lost in BE Cyberspace
Joined: Jun 2007
Location: Tropical North QLD
Posts: 21,434
Mar 9th 2008, 9:35 pm
#9
Has left the building
Joined: Mar 2007
Posts: 4,079
Re: Property Developing
[QUOTE=jan;6039451]
The wrong building methods eh! Would be nice if you could give an example to back up YOUR opinion.
And the coming recession ? F/ME Can i borrow that crystal ball when you have finished with it.lol.
Loads to be made?????????? lol! So we should be hearing from a really rich Pom very shortly. WATCH THIS SPACE FOLKS. I reckon if i need to be taken with a pinch of Salt you need a lorry load!!
You lack the key ingredient already so advice on you would be wasted.
What I will say to the wider audience - think about environmental issues and the technology that is being used in Europe for the past say 40 years.
Aussies and in particularly builders are slow in grasping and more importantly making use of new technology.
Examples:
Timber frame
Brick veneer
The Web
Supply chain
The wrong building methods eh! Would be nice if you could give an example to back up YOUR opinion.
And the coming recession ? F/ME Can i borrow that crystal ball when you have finished with it.lol.
Loads to be made?????????? lol! So we should be hearing from a really rich Pom very shortly. WATCH THIS SPACE FOLKS. I reckon if i need to be taken with a pinch of Salt you need a lorry load!!
What I will say to the wider audience - think about environmental issues and the technology that is being used in Europe for the past say 40 years.
Aussies and in particularly builders are slow in grasping and more importantly making use of new technology.
Examples:
Timber frame
Brick veneer
The Web
Supply chain
Mar 9th 2008, 9:39 pm
#10
Lost in BE Cyberspace
Joined: Jun 2007
Location: Tropical North QLD
Posts: 21,434
Re: Property Developing
You'd think with all those spiders, the web would be one thing they were good with!
Mar 9th 2008, 9:49 pm
#11
classy clipper
Joined: Apr 2005
Location: perth W.A.
Posts: 180
Re: Property Developing
[QUOTE=Geelong Gent;6039533]
You lack the key ingredient already so advice on you would be wasted.
What I will say to the wider audience - think about environmental issues and the technology that is being used in Europe for the past say 40 years.
Aussies and in particularly builders are slow in grasping and more importantly making use of new technology.
Examples:
Timber frame
Brick veneer
The Web
Supply chain
I dont remember asking you for any advice??
Yes think about enviromental issues. Of course the production of cement has no impact whatsoever on the enviroment None at all lol. As for timber frame brick veneer.
Many many u.k. homes have a timber frame. The veneer is not so important just preference most homes built on the west coast and florida U.S.A. are timberframed finished in stucco. not that different from Ausi homes.
It is quite evident that you may be a whinging Pom! lol.
Enjoy!
You lack the key ingredient already so advice on you would be wasted.
What I will say to the wider audience - think about environmental issues and the technology that is being used in Europe for the past say 40 years.
Aussies and in particularly builders are slow in grasping and more importantly making use of new technology.
Examples:
Timber frame
Brick veneer
The Web
Supply chain
Yes think about enviromental issues. Of course the production of cement has no impact whatsoever on the enviroment None at all lol. As for timber frame brick veneer.
Many many u.k. homes have a timber frame. The veneer is not so important just preference most homes built on the west coast and florida U.S.A. are timberframed finished in stucco. not that different from Ausi homes.
It is quite evident that you may be a whinging Pom! lol.
Enjoy!
Mar 9th 2008, 10:02 pm
#12
Aussie lost in the UK
Joined: Jun 2007
Location: Terrigal, NSW Central Coast
Posts: 682
Re: Property Developing
There are so many mid large developers here i would say you would need one million u.k. pounds to break in to the market. so many companies are able to deliver A class developments not quite like the u.k. where you can tosh up buyers here all like new and imaculate as a rule. As a pom you may even encounter more obstacles than the locals with regards to red tape.
Because of rate rises it may be that some developments are sitting on the market longer thats when cash flow can become a problem and sitting on a development can eat in to your profits especially if you have to service loans.[/QUOTE]
NO WAY!!
I'm a town planner and have worked extensively in both the UK and Australia - currently for a private town planning firm who deal with private developers - mainly our clients are the 'Big guns' - people that head into a new development with so much money I wonder why they don't just retire and buy themselves an island in fiji....
But I've also seen a lot of people start out with much less than 100K (AUD) some with as little as a bit of equity in their own house....
My mate had his first start with a development that cost him $55,000 AUD - bought this old house, got approval for 3 units on the site, sold the site to a developer for $200,000 - so he did NOTHING except the paperwork, payed the mortgage on the site for a year whilst he got approvals sorted...
That $200K set him up to do a small house development in a growing are, he as since bought half a dozen places (over the past 5 years)....
You can start with not much - if you know what you're doing and you're willing to start out small .....
And as to the comment about 'missing' the boat and needing to start 10 years ago ... 10 years ago people were saying you had to start in the 1980's .....
no doubt ten years from now people will be saying .........'back in 2008 when .....'
Because of rate rises it may be that some developments are sitting on the market longer thats when cash flow can become a problem and sitting on a development can eat in to your profits especially if you have to service loans.[/QUOTE]
NO WAY!!
I'm a town planner and have worked extensively in both the UK and Australia - currently for a private town planning firm who deal with private developers - mainly our clients are the 'Big guns' - people that head into a new development with so much money I wonder why they don't just retire and buy themselves an island in fiji....
But I've also seen a lot of people start out with much less than 100K (AUD) some with as little as a bit of equity in their own house....
My mate had his first start with a development that cost him $55,000 AUD - bought this old house, got approval for 3 units on the site, sold the site to a developer for $200,000 - so he did NOTHING except the paperwork, payed the mortgage on the site for a year whilst he got approvals sorted...
That $200K set him up to do a small house development in a growing are, he as since bought half a dozen places (over the past 5 years)....
You can start with not much - if you know what you're doing and you're willing to start out small .....
And as to the comment about 'missing' the boat and needing to start 10 years ago ... 10 years ago people were saying you had to start in the 1980's .....
no doubt ten years from now people will be saying .........'back in 2008 when .....'
Mar 9th 2008, 10:04 pm
#13
Aussie lost in the UK
Joined: Jun 2007
Location: Terrigal, NSW Central Coast
Posts: 682
Re: Property Developing
[QUOTE=Geelong Gent;6039412]
Take with a pinch of salt
There are large developers developing crap builds using wrong building methods.
Alot of opportunity downunder, especially for low overhead operations.
In the coming recession their is loads to be made, and the eventual upswing will not be shared with traditional builders.
Agreed, expect for the last part - and its not that I disagree entuirely, just hat I don't even know what a 'traditional builder' is anymore - they seeom to always alter to meet the market......
Take with a pinch of salt
There are large developers developing crap builds using wrong building methods.
Alot of opportunity downunder, especially for low overhead operations.
In the coming recession their is loads to be made, and the eventual upswing will not be shared with traditional builders.
Mar 9th 2008, 10:31 pm
#14
Home and Happy
Joined: Dec 2002
Location: Keep true friends and puppets close, trust no-one else...
Posts: 93,815
Re: Property Developing
Can I remind people that it is quite possible to disagree with someone's views without getting abusive.
Mar 9th 2008, 10:49 pm
#15
BE Forum Addict
Joined: Mar 2007
Location: Peregian Beach SC Qld
Posts: 1,522
Re: Property Developing
The interest rate rise is beginning to bite on the east coast and there will be bargins to be had in the coming months, an ideal time to get on the development market. You will need to look into what certificates you need to do this as they are hot on everyone having the qualifications to do the job, unlike in the UK where every DIY enthusiast can do almost anything, the results not always good.
Good luck with whatever you decide, here you can do anything if you are willing to put the effort in.
Good luck with whatever you decide, here you can do anything if you are willing to put the effort in.