actually I don’t know the exact ins and outs of this but I believe the banks couldn’t care less about where interest rates are going (from the point of view of pricing fixed rates) – they just raise the money fromn the bond market and add a margin to it. Can anyone confirm if this line of thinking is correct?

Extensive list of ‘Off The Plan’…[Read more]

and obviously as the population growth continues and inflation marches on and we experience growth it would be more surprising if gross debt actually reduced. They could have that article printed up and ready to run on a regular annual basis! actually is the billion they talk of 100 million or 1000 million? at 1000 million it is still only $38000…[Read more]

$10,000 – includes a couple of huge norfolk pines, an asbestos house, brick bbqs, an old shed, disconnection fees etc. demo seems to range from $8 to $10k for a typical house.

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

Hi Beth, I just went through this process. The industry is so busy that trying to get people to look at it was a battle. I have heard stories of people promising to take the house away and then dragging their feet and holding up the development. I gave up and just appointed a demolition contractor.

Extensive list of ‘Off The Plan’ property…[Read more]

consider Karratha – the supply contracts are very long term i.e. 20 years plus, and hence more insulated from typical mining towns where mines can shut overnight if commodity prices move against them. It is difficult to buy into there though and supply is tight.

FYI I own a property in Karratha

Extensive list of ‘Off The Plan’ property…[Read more]

first it was interest rates must rise due to booming conditions, now it seems things are rapidly coming off of the boil. From todays AFR:

“Taken together, the numbers suggested to most market economists that the RBA is highly unlikely to act on its long-declared threat to raise interest rates further, while the forward-looking futures market…[Read more]

poverty doesn’t equal happiness. why do some people find it so hard to work with and find the positives of western society? There are many 3rd world countries that would gladly accept your immigration application – just so long as you take more than 5 bucks in your wallet. I for one love this ‘consumer’ society and the freedoms my forefathers…[Read more]

“Besides, I now live 1km away from the beach so ner…”

Here’s this thing with the beach again. I live about 5kms from the beach but couldn’t tell you exactly because its been about 2 years since I have seen it… bl00dy horrible place, cold and windy for half the year, stinking hot and sandy for another quarter, ok for a few days here and there,…[Read more]

peope love these discussions (including myself) – they are very exciting…boom, bust etc. To say negative gearing is just crazy speculation is a total dismissal of decades of data. If I had the cashflow to fund it I would quite happily buy in a prime beach side suburb (in Perth anyway… I have no knowledge of the other markets). If you truly…[Read more]

yes the Investors Club for example is one group that can sell almost anything; in my experience their selling fees / commissions tend to be a bit high though. Worth a call though…. maybe bite the bullet on a few and keep the rest until completion.

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

definitely – the whole region from say Atwell to Mandurah is undergoing a huge transformation. You couldn’t go wrong with Bertram, Warnbro, Secret Harbour, Madora, Golden Bay, San Remo, Meadow Springs, Lakelands, Rockingham, Mandurah Central, Silver Sands, Halls Head, San Remo, Setllers Hills, Rivergums etc

Extensive list of ‘Off The Plan’…[Read more]

maybe get an ‘on completion’ valuation and discount it by 10% or so for the first x sales? The question most buyers would be asking is ‘why should I buy now as opposed to just waiting to see what the whole finished project looks like?’. Competing on price though is not always the answer… you need to look at the unique attributes of the…[Read more]

I have a furnished rental property. It is surprisingly cheap to fit these places out. At the end of year 1 my average return is only slightly higher than a non-furnished property, so would I bohter with it again… probably not for the hassles of running around setting it up. Now that it’s done it’s ok. This place is 3 bed; I previously had a one…[Read more]

most people would assume planners would act in their best interests, not their own. this is impossible when their commissions come from the products they sell

So I assume that you also don’t like or use Finance Brokers, Real Estate Agents, Property Managers, Insurance Agents, Stock Market Brokers , etc.

For independent advice:

Finance brok…[Read more]

Hi Rob, there was an excellent discussion on the use of options at:

https://www.propertyinvesting.com/forum/topic/12042.html

getting council approval is like the old length of a piece of string – could be 6 weeks, could be a few decades, it all depends on what you are trying to get through.

Extensive list of ‘Off The Plan’ property available…[Read more]

That all makes sense JWT, except for one important thing: the value of the land is irrelevant… the margin scheme is only concerned with what you paid for the land (unless you bought the land before 1 July 2000). Here is the extract from the ATO website:

What is the margin scheme?

The margin scheme is an alternative method of calculating the…[Read more]

interesting read and I fully agree… a nice steady market does allow people the opportunity to get in there and create real value instead of having capital gains distorting (or even worse, eroding) everything. This is the ‘prefect’ market!

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

has anyone else not received their newsletter or is it just me? I am wondering if this may be why there aren’t many posts.

Extensive list of ‘Off The Plan’ property available for sale in Perth.

John – 0419 198 856

“and you get some very nice tax benefits”

this might be a case of the grass being greener…. the main difference is that because you are trading stock you no longer qualify for capital gains tax concessions – it is all income. Definitely see an accountant because trading purely within a company may be a bit restrictive.

Extensive list of ‘Off…[Read more]

“But who in their right mind would use a financial planner”

the very term is misleading isn’t it? most people would assume planners would act in their best interests, not their own. this is impossible when their commissions come from the products they sell. It’s like buying a vaccuum cleaner and asking which one is best – the one that has the…[Read more]