Monthly Archives: January 2013

MARKET UPDATE – LAND BANKING – SYNDICATE MEMBERS WANTED

I’ve identified a long term land banking opportunity with a piece of land with unsurpassed beauty and massive potential future use. It’s 45 minutes drive from the beach and close to where I built the house featured in this blog (Click on ARCHITIZER on my Home Page).

I don’t get excited about BUYING anything is this market but this is an amazing piece of dirt.

One parcel – just over 500 acres!  Yes 500 acres!

I’ve yet to discuss the format of such a syndicate with my lawyer but I’m seeking expressions of interest from my readers and their friends and others to raise $1.7m to buy this piece of Paradise.  It was advertised and very poorly marketed by a local agency at $2.5m in 2009 and again in late 2011.  The “ASKING PRICE” is $1.6m (plus $100,000 for stamp duty, legals, structure etc). This has been on the market for 4 months now so I believe a “reasonable” offer will secure it.

In years gone by I’m pretty sure I’ve seen attempts to sell this land for closer to $5m.

I have plans, aerial photographs and other information that I can share with potential Syndicate members upon request. I’m getting more information from Local Authorities as I write and will supply that information as it comes to hand.

There are other very interesting LARGE parcels of land that have taken my interest – when they become DISTRESSED I will let you know.

Drop me a confidential email at  gordon@realestatecells.com if there’s interest.  Cheers

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MARKET UPDATE – THE DEATH OF THE GOLD COAST?

The Death of the Gold Coast?

In deciding where to buy real estate the old saying of location, location, location applies in very instance.  I’ve lost count of the number of times I’ve seen starry-eyed First Home Buyers fall in love with a fully fitted kitchen with “soft-close” drawers, shiny glass-filled bathrooms and an immaculately groomed lawn and outdoor area.

What they fail to realise is that those things can be made, built and reproduced almost anywhere.  Buying the cheapest block of land so that they can “afford” the luxury fittings and fixtures in the home of their dreams is a recipe for disaster.  All the “shiny things” fade when the west facing block of land on a roundabout has them frying in the heat and going barking mad in the noise every single day.

Continue reading

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DEMOGRAPHIA

9th Annual Demographia International Housing Affordability Survey (2012: 3rd Quarter)

I refer my readers and followers to this report which just serves to reinforce my assertions, made since 2004 that the housing market here is and remains overheated and overpriced.  I wish to thank Demographia and in particular, Wendell Cox and Hugh Pavletich for their permission to quote from the Survey. Continue reading

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MARKET UPDATE – 21 JANUARY 2013

I hope you all had a great Christmas with family and friends and that 2013 will be a great year.

I’ve been reading, calling and delving into the market this last week to uncover just exactly what is going on.

Well – the Stock Market continues to defy logic and trend higher but despite a dramatic series of interest rate cuts, the housing market is still sick. Continue reading

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