I am not so sure about down cycles lasting years – there was suppose to be one a couple of years ago, so I sold up waiting for the big bargains in 12 months and then we had one of the biggest upswings in a decade. If only I could get hold of some of those commentators!! I have to laugh – a lady I spoke to at a party nearly 2 years ago was…[Read more]

Las Vegas… someone was talking about this a couple of days ago saying there was a huge scam and US people were moving in on Aussies as prime targets (being property obsessed as we are). wish I could remember where I heard it….

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

John – 0419 198 856

thanks guys, the 47c comment was particularly interesting.

update: I went for the cash offer. it was cleaner and I think I would have ended up frittering away the barterdollars on nothing in particular.

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

John – 0419 198 856

yes it’s very easy to find yourself running with the herd.

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

John – 0419 198 856

Mandurah is looking very cheap – those waterfront properties will only serve to pull the rest of the area up. It is all very undervalued compared to further south e.g. busselton, dusnborough and we all know what a drag it is to have to drive 4 hours to a holiday home when you could permanently live in the same sort of place in…[Read more]

sorry for the delayed reply… just have a talk to a few conveyancers about their experiences with it and see if they come out with any horror stories. I only adopted my anti stance based on the discussions I had with my settlement agent. I am sure that 99% of them go fine, just hope the 1% doesn’t happen to you. Just trying to think of an…[Read more]

OMG!

it is one of the key ingredients to neg gearing! definitely use it if you can

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

John – 0419 198 856

I just posted this link for another thread in General Property but I think it is very relevant here as well…

http://smh.com.au/articles/2004/06/27/1088274624058.html?from=storylhs&oneclick=true

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

John – 0419 198 856

this is a great article too:

http://smh.com.au/articles/2004/06/27/1088274624058.html?from=storylhs&oneclick=true

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

John – 0419 198 856

A good point is made that it is the renters that are effectively being discriminated against, but then again with all the tax cuts given to property investors to over supply accommodation, I would say that rents are artificially held at about half (perhaps even less) of what a balanced market would set them at.

the day will come when the govt…[Read more]

this makes sensible reading….

http://www.ipa.org.au/Media/mnhs271203.html

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

John – 0419 198 856

” poor short sighted economic policy (FHOG to cover their a##e after GST slumped the blg induustry)”

Huh? what’s short sighted about replacing a complex wholesale sales tax that no one understood with a simple one rate transparent GST? (which also rebalanced the previous skew from consumption of goods to that of services which was very unfair).…[Read more]

Legally I don’t think there is nothing to stop you doing it – practically it’s something I wouldn’t do

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

John – 0419 198 856

is a dangerous path… many unconditional contracts never come to fruition. what will happen if the property never settles and you have just spent big $ on a new kithcen etc?

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

John – 0419 198 856

Simon – my understanding is that in Oz the lenders will only lend on hard costs not end value, so the above example wouldn’t work so well. is that right? eventually you run out of ability to fund these things as you have to stump up 20% of the project, unless they are all presold or until the building is complete. If you could borrow against…[Read more]

Yes there was a project here in Perth that I know of where they did actually buy the properties themselves to on sell to their ‘members’ (with a hefty profit of course) but I think they stopped doing that as it was just pushing things a little too far. This is quite a different strategy to just being real estate agents / marketeers which is what…[Read more]

sounds interesting, look forward to this one (plus I can give heaps to my mate who is a ‘Support Member’ aka unlicenced commission based sales rep!)

I have said my 2 cents before regarding this topic.

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

John – 0419 198 856

still nothing to fear if you haven’t cheated – a big difference between cash flow and expectations vs. actual taxable assessed income.

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

John – 0419 198 856

St Andrews will be huge, has been talked about for years and now it looks like it is here. This place will make Joondalup look like an inner city suburb! my question is: do you think the exisiting houses in Yanchep would be a good buy, or do you think they will become old and daggy compared to the squeaky new suburbs that are about to engulf it?…[Read more]