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COVER STORY - BACKYARD SUBDIVISIONS
When architect Jürgen Beschorner bought the backyards from two of his neighbours, he had plans other than a large tennis court in mind!
With some imaginative design and close collaboration with his local Council, he managed to create a mini-subdivision with an additional three lots and three houses.
The new dwellings take full advantage of their lush rainforest environment. Because Jürgen's strategy retains the character of the area, it's a strategy that many councils may view more favourably than other types of subdivisions, leading to significant profit potential for astute investors.
CASE STUDIES
How the winners do it... Successful property investors share their secrets and strategies.
* DAVID BIGGS - An air traffic service officer from Western Australia, David is a hands-on investor who has accumulated ten properties in sixteen years.
When he bought his first house in 1983 he didnÕt have a specific strategy for creating wealth through property investing. The real strategy started with the purchase of his third property, when he began to realise the potential benefits of his investment activities.
His property portfolio is now valued in excess of $700,000, with a rental income of around $67,000 per year.
SPECIAL FEATURES
THE SEVEN DEADLY SINS OF PROPERTY NEGOTIATION
Considering most of us will only buy real estate 3-5 times in our lives, it's no wonder the pressure, uncertainty and lack of information that goes hand in hand with both auction and private negotiations can produce a pretty explosive soup. Monique Wakelin outlines the seven worst sins of property negotiating... and how to avoid them
SERVICED APARTMENTS AND MANAGEMENT RIGHTS - AN INVESTOR'S PERSPECTIVE
Serviced apartments are popular with many investors and management rights have become big business... often changing hands for millions of dollars. Owners of serviced apartments enjoy the benefits of rental property ownership without the need to deal directly with tenants. Additional benefits are the ownerÕs ability to use the property, and the possibility of joining with other owners to undertake other profitable ventures in the complex such as restaurants and bars. David DeMoor reports.
UNLOCKING VALUE WITH SINGLE-BLOCK SUBDIVISIONS
Kym MacCormac is an architect with a keen eye for profitable residential projects. He subdivided a small block and designed two spacious townhouses that defy the compact dimensions of the location.
In his own words... "Each building cost around $200,000 to build, and I would expect to sell them for between $380,000 and $410,000. This means I'd be looking at a profit of between $65,000 and $95,000 for each property..."
GO TO WORK OR GO TO THE BEACH? POSITIONAL INFLUENCES ON SYDNEY PROPERTY VALUES
Research firm Residex examines the influence distance from the coast and distance from CBD have on Sydney real estate values, offering valuable insights for investors.
MELBOURNE'S MID-YEAR RESIDENTIAL PROPERTY REPORT
The expectations of Melbourne's residential property investors have been richly fulfilled by the superior capital growth and the robust economy of the last three years. However, investors need to start reassessing their position and strategies now in the face of imminent tax reforms, possible rises in interest rates and cyclical market trends. Monique Wakelin reports.
REGULAR FEATURES
PROPERTY ON THE INTERNET
Want to inspect a property several thousands of miles away from your home computer? You can. Using Java applets, plug-ins, VRML and the latest Internet technology, many Australian real estate web sites are letting web surfers wander through their listed properties and display homes. With the click of a mouse you can turn 360¡ to see all parts of a room, zoom in on particular objects... then click on the door to go upstairs, outside or to another room. ItÕs the next best thing to being there!
SOLICITOR'S COMMENT
David Atkinson looks at covenants and deed restrictions - the 'fine print' which, if not understood before purchase, can prevent a property buyer from using the property as intended. Once a property is purchased covenants and deed restrictions can be extremely difficult to remove. Some examples include architectural covenants, where properties in a particular area must conform to a specified architectural style, and height restrictions.
ACCOUNTANT'S COMMENT
Continuing his series on the capital gains tax issues that affect homeowners and property investors, Peter Dawkins discusses capital losses and how to calculate the reduced cost base of an asset.
BUILDING WEALTH WITH JAN SOMERS
Welfare budgets in most countries are being slashed, and it's becoming increasingly apparent that people who wish to enjoy a financially secure retirement will have to lay the foundations for it by a carefully planned investment strategy during their working lives. Far from being an exception, Australia is a prime example. In this issue Jan highlights just how easy it can be for people to take the soft option of doing nothing about their future financial independence.
PLUS PROPERTY NEWS AND STATISTICS FROM AROUND THE COUNTRY.
This is only a sample of this issue's contents... don't miss it!
When architect Jürgen Beschorner bought the backyards from two of his neighbours, he had plans other than a large tennis court in mind!
With some imaginative design and close collaboration with his local Council, he managed to create a mini-subdivision with an additional three lots and three houses.
The new dwellings take full advantage of their lush rainforest environment. Because Jürgen's strategy retains the character of the area, it's a strategy that many councils may view more favourably than other types of subdivisions, leading to significant profit potential for astute investors.
CASE STUDIES
How the winners do it... Successful property investors share their secrets and strategies.
* DAVID BIGGS - An air traffic service officer from Western Australia, David is a hands-on investor who has accumulated ten properties in sixteen years.
When he bought his first house in 1983 he didnÕt have a specific strategy for creating wealth through property investing. The real strategy started with the purchase of his third property, when he began to realise the potential benefits of his investment activities.
His property portfolio is now valued in excess of $700,000, with a rental income of around $67,000 per year.
SPECIAL FEATURES
THE SEVEN DEADLY SINS OF PROPERTY NEGOTIATION
Considering most of us will only buy real estate 3-5 times in our lives, it's no wonder the pressure, uncertainty and lack of information that goes hand in hand with both auction and private negotiations can produce a pretty explosive soup. Monique Wakelin outlines the seven worst sins of property negotiating... and how to avoid them
SERVICED APARTMENTS AND MANAGEMENT RIGHTS - AN INVESTOR'S PERSPECTIVE
Serviced apartments are popular with many investors and management rights have become big business... often changing hands for millions of dollars. Owners of serviced apartments enjoy the benefits of rental property ownership without the need to deal directly with tenants. Additional benefits are the ownerÕs ability to use the property, and the possibility of joining with other owners to undertake other profitable ventures in the complex such as restaurants and bars. David DeMoor reports.
UNLOCKING VALUE WITH SINGLE-BLOCK SUBDIVISIONS
Kym MacCormac is an architect with a keen eye for profitable residential projects. He subdivided a small block and designed two spacious townhouses that defy the compact dimensions of the location.
In his own words... "Each building cost around $200,000 to build, and I would expect to sell them for between $380,000 and $410,000. This means I'd be looking at a profit of between $65,000 and $95,000 for each property..."
GO TO WORK OR GO TO THE BEACH? POSITIONAL INFLUENCES ON SYDNEY PROPERTY VALUES
Research firm Residex examines the influence distance from the coast and distance from CBD have on Sydney real estate values, offering valuable insights for investors.
MELBOURNE'S MID-YEAR RESIDENTIAL PROPERTY REPORT
The expectations of Melbourne's residential property investors have been richly fulfilled by the superior capital growth and the robust economy of the last three years. However, investors need to start reassessing their position and strategies now in the face of imminent tax reforms, possible rises in interest rates and cyclical market trends. Monique Wakelin reports.
REGULAR FEATURES
PROPERTY ON THE INTERNET
Want to inspect a property several thousands of miles away from your home computer? You can. Using Java applets, plug-ins, VRML and the latest Internet technology, many Australian real estate web sites are letting web surfers wander through their listed properties and display homes. With the click of a mouse you can turn 360¡ to see all parts of a room, zoom in on particular objects... then click on the door to go upstairs, outside or to another room. ItÕs the next best thing to being there!
SOLICITOR'S COMMENT
David Atkinson looks at covenants and deed restrictions - the 'fine print' which, if not understood before purchase, can prevent a property buyer from using the property as intended. Once a property is purchased covenants and deed restrictions can be extremely difficult to remove. Some examples include architectural covenants, where properties in a particular area must conform to a specified architectural style, and height restrictions.
ACCOUNTANT'S COMMENT
Continuing his series on the capital gains tax issues that affect homeowners and property investors, Peter Dawkins discusses capital losses and how to calculate the reduced cost base of an asset.
BUILDING WEALTH WITH JAN SOMERS
Welfare budgets in most countries are being slashed, and it's becoming increasingly apparent that people who wish to enjoy a financially secure retirement will have to lay the foundations for it by a carefully planned investment strategy during their working lives. Far from being an exception, Australia is a prime example. In this issue Jan highlights just how easy it can be for people to take the soft option of doing nothing about their future financial independence.
PLUS PROPERTY NEWS AND STATISTICS FROM AROUND THE COUNTRY.
This is only a sample of this issue's contents... don't miss it!
Additional Information
| Author | API |
| Published In | Australia |
| Year Published | 1998 |
