yes I just whacked up the rent on an IP by over 10% and was worried what the tenants reaction would be… his response was that it was a long time coming and no worries. it’s a good time to get stuck into overdue increases because there sure are few options for your tenants to find alternative accomodation. as an indication, our PM team are…[Read more]

Hi Mei – sorry I don’t know much about it… at the prices they will be they won’t be your typical median house price stock.

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have been told that celebrations have applied a 4% price rise and shut their doors for a month. seems demand is catching up with them as well.

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There will be canals at Coogee but that could be a couple of years away. Note that a WA public servant recently said anyone investing in canals is crazy (due to rising water levels, gobal warming etc)… I have no opinion either way. Would be nice I am sure. A lot of the debate is who will pay to retain the rising water levels, which properties…[Read more]

As Nigel says, these are marketing companies that are run for profit – no harm in that – but you should go in knowing where you stand, so don’t let terms like ‘club’, ‘support member’ or ‘introducer’ blur the lines for you. If the product is right buy it, if not move on.

http://www.megapropertygroup.com

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in this market it would be easier to ask where not to buy! there is a reverse ripple theory which suggests inner city is about to take the lead again. check out places like Vic PArk, Highgate, inner city, Northbridge. I like Burswood too.

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sorry Redwing – not much to add here… I have never used them. It is correct that Celebration and Homebuyers are part of the Dale Alcock group and from my snooping around it would appear that they are the only major building group in WA that can actually build anything in a reasonable time frame, tho they do seem to be taking on an awful lot of…[Read more]

I am not convinced this post is genuine…
it’s just too weird to fathom

http://www.megapropertygroup.com

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Personally I think we should start an email about beer. I would like to see a graph of the price of a pint over the last 20 years compared to the price of petrol. The govt should drop taxes on beer – it is a regressive tax on a necessity and it direlcty affects people who can least afford to pay it. I would propose we all not buy it for a day,…[Read more]

Originally posted by nedkelly:

Quote:
take rockingham… where else in the metro area do you get a beach facing 3 different directions?

What, the beach water at Rockingham is of questionable quality and the area is next to heavy industry with chimneys bellowing smoke out.It may be facing 3 ways but in my eyes the northern beaches are cleaner…[Read more]

I think the reverse ripple is well and truly under way – may take a while to show up in the stats

http://www.megapropertygroup.com

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we just sold a few packages in Baldivis central that were really cool 3×2’s with a garage at rear (single storey) – I think the block was 408sqm. They are really popular and it is encouraging that the idealogy of the McMansion is slowly fading. There was the occasional opinion that ‘hey I can get that bigger house on that bigger block for the…[Read more]

I try to avoid 2 storey… too expensive to build, too slow to build (an extra 2 progress stages), not appreciated by the market when finished. It’s ok when it is completely necessary, such as inner city lots or to capture a view, other than that I would leave it.

http://www.megapropertygroup.com

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yes reselling land is an enterprise that is captured by the GST legislation. as your turnover is above the threshold the entitie/s that purchased the land would be forced to register for GST. You should be able to sell under the margin scheme, hence GST payable would roughly be $200k-$100k / 11 = $9k. YOu may be able to slip the remaining $91k…[Read more]

Originally posted by Celivia:
“…why are we so bothered with that property alone where there is so much on offer out there, not short of properties for sale..”

True, Roy, that there are plenty of properties for sale.

But the point of Nats12 I think is, that s/he offered a reasonable price for this property and then was not given a smurfin’…[Read more]

out of interest Butler and Rockignham are the same distance to the city. I belive the southern strip will continue to outperform the northern strip until after the rail works are finished. the Bunbury freewway extension could boost the whole thing again.then of course are new marinas at rockingham, coogee etc and Mandurah itself has a lot more to…[Read more]

Ashfield is a bit of a sleeper – close to city, riverside, a lot of development planned in the short term.

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ouch!

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yes there are a lot of members of this board that have been messing around down there – particularly in the Anchorage. You are looking at very storng growth areas, but if you can find anything at all in Perth for under $250k I would grab it.

http://www.megapropertygroup.com

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“Other things will be sacrificed at the economic alter well before anyone dares to dictate to Ozzies what and where and how we drive. ”

I don’t think what is happening supports the theory that Aussies won’t change. I read the article on The Australian website yesterday discussing the decline of the Commodore’s popularity and they pretty much said…[Read more]