The MBA are as weak as water and really only protect the builders. Their building contracts are extremely vague and offer little help. If this guy is a little builder I doubt there will be any late completion penalties as getting a builder to agree to that in the current climate is very difficult (unless you want to pay over the odds). If your…[Read more]

Yes we recently had a QS report done on a 180sqm townhouse – pretty basic and no floor coverings, cabinets etc. He came in at $270k, we thought he was off his rocker but I got a builder friend to price it without telling him the QS quote, he came in at $259k. Seems crazy but building prices are going through the roof. Project home builders are…[Read more]

I believe a fundamental shift in investors attitudes has changed the landscape forever and that there will never be the abundance of CF+ property that there once was.

Rent yields are low (as a % return) at present and this will correct itself – part of the natural market cycle.

For CF+ I understand there are still plenty of opportunities for…[Read more]

We have a couple of townhouses to sell off the plan in Parkin Street – $375,000. Great potential down there – you must be thrilled with your capital growth to date. The train etc will just push things along even further. What is the transit system down Wanliss Street exactly? I assume like a CAT bus is it? Or are they doing a tram.. that would be…[Read more]

Hi Luke – asking for a building price is really tough. An example is a friend of mine who recently designed a 180sqm townhouse for himself. He did a QS report on it and it came in at $1450/sqm. Speaking to a builder though he says that’s rubbish and he can build it for under $1000/sqm. so who knows. I would still work on say $800-$1000/sqm for…[Read more]

the problems do not seem insurmountable. Assuming you borrowed on 80% LVR the 20%+ equity in the 10 or so performers should cover the losses on the couple of untenanted ones? Can you sell a couple of the better ones to cover the untenanted ones?

In the worst case scenario, i.e. you go bankrupt, it may not be much fun but there is no real…[Read more]

https://www.propertyinvesting.com/forum/topic/12080.html

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

John – 0419 198 856

Selling without an agent can be a dangerous business. back in my younger days I sold a property myself – the place next door had just sold for $10k under what I advertised at and I thought I had a pretty good grip on what was happening, was thrilled to have recieved 30 calls on the first day. it wasn’t till months later I realised the market had…[Read more]

Niki – it does seem rather odd that you have gone through the rigorous process of buying 15 CF+ properties and only just discovered the discussion board that is referred to in Steve’ book. CF+ property is so highly sought after now that I would expect you would be inundated with buyers to take your properties off of your hands and can’t really see…[Read more]

yes, as an interesting strategy you could register your own church and effectively use it as a super/savings fund that you can get immediate benefits from rather than waiting till 65 (whilst promoting whatver it is you believe in). the ‘church’ could own a land holding, art,gold etc. if you aren’t ‘religious’ in the biblical sense you could set…[Read more]

Traci don’t stress too much – most of that fencing is hardi-flex that does not contain asbestos. If the fence is 1990s onwards it probably isn’t asbestos.

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

John – 0419 198 856

my rule of thumb for WA is (assuming flat blocks here)…

villa approx 100sqm $100 to $110k

townhouse approx 115sqm $160 to $180k

plus $10 to $20k site costs and incidentals. then add interest etc

So you can see how much peoples numbers vary! At the end of the day you dont get nothing for nothing. If someone can build you a townhouse for $50k,…[Read more]

I am not sure but I have a feeling that undistributed profits are taxed at the top marginal rate. ask a tax accountant or check out http://www.ato.gov.au

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

John – 0419 198 856

Yeh Garry its too long ago to quote the excat numbers, but the builders werent keen to use it and the cost savings werent great. times may have changed but basically you needed to have long straight runs to make it worthwhile. you also have to make sure your electrical switches are located correctly as very difficult to chase it out later! for…[Read more]

nope – but I think the concept is great. Tilt concrete could be an option for something like this, though I have had previous disappointment in the cost saving potential of tilt.

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

John – 0419 198 856

Interesting – this stacks up against the feed back I am getting from builders. The flow on effect will be to second hand property resale values, which are already looking cheap against replacement values. But then there is the rental oversupply… how’s this for a scenario: the higher construction costs among other disincentives lead to reduced…[Read more]

Marisa is that all those crazy CF+’ers pushing prices up? [arrowhead] I have been so busy on the day to day activities that I haven’t really had time to look at much. Just read Kiyosakis last book which was interesting – well it was and it wasn’t! A quarter of the text would have been a small mercy, but his attitudes to people seeking capital…[Read more]

Hi Marisa – some time since we spoke. Back then you were considering CF+ and commercial opportunities – I think you went down the path of a country CF+? Are you happy with how things went?

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

John – 0419 198 856

hi there – have you done your intial feasibilty analysis on this proposal? You say you want to make a deposit on a PPOR AND keep units which sounds very ambitious… its fantastic if you have found this opportunity though. If it is such a good opportunity I would wonder why the vendor is offering you finance and not doing it themselves?…[Read more]

sometimes these numbers appear rosier than they are… sold a subdivided block for a developer earlier in the year. He bought it for $300k and i sold rear block for him at $152k (record price at the time) and front house for $205k. he had stamp duty $12k going in, subdivision say $15k, agent fees $14k, interest and legals around $10k,…[Read more]