Comments on: A young man's fancy turns to spring …

By: Can your real-estate development project make money?- 7million7years

Can your real-estate development project make money?- 7million7years — Wed, 16 Sep 2009 14:20:06 +0000

[...] If you have run the analysis that I showed you in this post, you should already know for yourself how much your office space (if you are building this as well [...]

By: Adrian

Adrian — Mon, 20 Jul 2009 21:23:25 +0000

@ Mike – these are fairly small suburbs, as there is no water (except for one or two rivers) in the way

Prob. due to different classes of building (and/or size: generally, bigger = cheaper psf / psm) … old v new construction, etc. It’s on the ‘fringes’ of each group where the ‘bargains’ most likely lie.

By: Mike Hunt

Mike Hunt — Mon, 20 Jul 2009 05:40:16 +0000

Adrian,

That’s a quick way to break down these listings- good tool! Are the two categories of price points based on the location to the CBD?

As I remember Melbourne is not spread out at all, especially compared to Sydney.

-Mike

By: Adrian

Adrian — Sat, 16 May 2009 00:41:21 +0000

@ Neil – Yes, I am using your (a) to filter a large number of properties and potential markets, to identify fewer candidates to run (b) on.

Or, I might just take the ‘lazy man’s way to property riches’ [I think I will trademark this!] and assume that lot’s of other smart people are doing (b), so I only need to do (a) and find a cheap one I like!

By: Neil

Neil — Fri, 15 May 2009 06:13:26 +0000

So you are running the numbers to see both if it is:

a) Priced right in the market (as shown above)
and
b) A good deal for you (when you run the numbers to work on cash flow)

Funny how the real estate books I have been reading skim over (b), but don’t really touch (a) at all.

Neil (who has been fortunate enough to visit Melbourne three times, and enjoy every trip)