everyone has their opinions (and as they say “there are as many opinions in the world as there are %#%%#$%s”) but I believe the best strategy is a neutral portfolio, with CF+ properties covering your CF- growth properties.

your accountant is an odd one… I dream of large tax bills !

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

Just a few things to consider with this deal… I am doing a virtually identical development in Mandurah and the cheapest villa you could build would be closer to $110k to construct (i.e. approx 95sqm with a single garage). Then there will be stamp duty, interest, consultants, landscaping, GST on the profit, selling fees etc. Mandurah Council are…[Read more]

also be careful with those deposits on the blocks – in a normal 3rd party sale it would be illegal for the developer to just go off and spend the deposit money willy nilly. If they are relatives though you could obviously swing a deal of some sort.

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

John – 0419 198 856

yes but not all land is created equal – the land content of a unit may be just as valuable as 500sqm’s out in the sticks

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

John – 0419 198 856

Couild I please grab one Yorker?

Anyone else having problems bringing up the PM and Add Reply screens? I have to resort to Fast Reply.

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

John – 0419 198 856

Tony – I think the $600k includes the $99k paid for the land.

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

John – 0419 198 856

…particularly with the changing demographic. I can’t see too many divorcees or old ladies wanting to live in all the McMansions being thrown up out in the sticks

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

John – 0419 198 856

I am told there are problems controlling the cash in the tills. I think a lot of backpackers are run as owner operated. I also believe it to be fairly competitive these days and the standard needs to be high.

The trouble with hire cars is you are competing against industry specialists who are gettign their huge volume discounts on new cars i.e.…[Read more]

oh ok found it. so is this not a hot area yet? As you can gather I know nothing about this part of the world (apart from I had a nice holiday somewhere over there a couple of years ago!)

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

John – 0419 198 856

sorry but for the likes of me can you spell it out because I haven’t got a clue? I guess if I followed golf more I might have an idea.

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

John – 0419 198 856

Redwing – the problem with Mandurah properties is that the area has grown so dam quick that it really covers a huge geographical area that is all lumped in as ‘Mandurah’. When you look at where these properties are, very few are actualliy in Central Mandurah, most are Meadow Springs, Port Bouvard, Singleton, Madora etc. Now that Mandurah is…[Read more]

Hi Teeks – here are some sales evidences for you. unfortunately ni recorded numbers for the ones on malibu itself:

43 MALIBU RD SAFETY BAY ROCKIN 0 01/06/04 809 M*
3 SEAGATE ST SAFETY BAY ROCKIN 235,000 23/02/04 842 M*
14 OWEN RD SAFETY BAY ROCKINGH 316,500 19/03/04 810 M
25 BISCAYNE ST SAFETY BAY ROCK 188,000 13/02/04 809 M
33 TIDEFALL ST…[Read more]

Hi Yorker – surprised you havent heard much about Perth property. Investor activity is so strong from the East that it feels like we have just been published on a new map over there! Still very affordable opportunities around the $250k offering 4 to 5%. We are at the beginning of a major growth period and the mining boom is putting a lot of strain…[Read more]

I see the bond market is factoring in interest rate decreases, the 3 year fixed rate decreased over the weekend. fun times we live in!

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

John – 0419 198 856

Hi Robbo,

building any sort of townhouse for $130k sounds highly ambitious. A typical project builder townhouse is now costing around $160 to $170k. I am told this is even higher on the east coast. The granny flat: rules differ from council to council – I was reading one council’s policy on it recently and basically you had to demonstrate a need…[Read more]

I would flag Beckenham, Maddington, Kenwick as high growth areas. another interesting one is ashfield – river side of the highway, close to city, reasonably priced

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

John – 0419 198 856

Hi Redwing – just dropped you an email which I hope helps. sorry have been snowed under lately and not on the forum as much as I would like to.

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

John – 0419 198 856

that’s right Jet Dollars – I couldnt think of a worse idea than buying in a place that had tripled in 2 years!

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

John – 0419 198 856

Gees Sean – how long is a piece of string? I know of guys who really know what they are doing to buy a block and resell it a couple of months later for 100% profit. I know developers who claim to know what they are doing being lucky to break even (and often lose money) after two years of working on a project. Your typical margin use to be 20%…[Read more]

a slow down? I think you may be waiting a while for that. I wish it would though, its difficult to find guys to take work an at the moment.

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

John – 0419 198 856