and then seconds later I read….

“Prices have levelled says Treasurer (Your Mortgage Magazine, 24/6/04). According to Australian Federal Treasurer, Peter Costello, house prices have flattened and he expects
little price movement for some time to come. Indicators, however, suggest that the property market is strong enough to bounce back within a…[Read more]

seems for every doomsday article there is a sunny sky one – who knows what to believe? I read not long ago that affordability was at all time highs! is a pity the BRW article is for subscribers only. I too remember those mid nineties when property did nothing – if only I had bought more!!

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

a relative had a place last week that she wanted to list – one agent said $169-189k, the other $155k. The one who quoted $155k said “I will walk to China backwards if you get anywhere near that”. It sold in first 2 days well into the range, so we are organising some sneakers for him. I see the market segmenting… anything up to $250k seems to…[Read more]

this book sounds like a good read. I agree with:

“According to the author, it is not possible to make a quick buck in this trade. What is required is a breadth of knowledge and careful planning.”

developing is hard work, stressfull and risky. If you pull it off it can make you good money, but there are many pitfalls. The guys that do it well…[Read more]

I use low doc and it isn’t because I am hiding income. If you are hiding income you will possibly get caught. If you aren’t, tell them to jump, you have nothing to hide.

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

John – 0419 198 856

these problems are fairly standard – I bought a place on 3 months settlement and the bank still couldn’t get its act together in time, now I will have to look like the baddy and ask for an extension. a place i sold on 31/3/04 that was suppose to settle 31/5/04 is still dragging on – various excuses from all sides but the contract is unconditional…[Read more]

I recall from the conversation a few weeks back now, that when I asked him it was pretty much anywhere in the south west corner but then a bit more if going further round to say denmark or albany direction. i think he said it would get it to toodyay no probs. Don’t quote me on any of that!

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

the key thing is to look for suburbs that adjoin ones that have had high growth. as an example, Trigg in Perth went up 75% last year (or was it the last 3 months, cant recall). anyway the suburb next to it would be a pretty good bet. You need to compare the suburb’s long term growth rate with its 12 month growth rate and see if it is…[Read more]

what’s in a name?… if the property is a dog it doesn’t matter if it is pos geared or negatively geared – it aint actually geared at all!

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

John – 0419 198 856

isn’t this good news? I thought you had to move because next door was being developed in poor taste – seems they don’t even have plans drawn yet. If the market is so depressed there I doubt they will ever build.

The psychology of buying and selling from my experience is that whenever you buy it feels like the market is hot and you can’t find…[Read more]

probably a further rise of .25% but then who really knows what the future holds. The oil price has saved us and acted as a brake on the economy which is an example of a strange circumstance that happened to work in our favour. yields are low and as investors sit there not seeing their portfolios double in value every two years I am sure they will…[Read more]

with the GST – it may be great to claim the GST inputs, but as soon as you sell or put the asset into productive use you will have to pay it all back, so it’s really only a cashflow/timing issue.

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

John – 0419 198 856

I agree… make the most of it – the time to buy is now whilst we are in this lull. Auctions may be a thing of the past for sellers, but as a buyer it’s paradise. Stockmarket at all time highs – wouldn’t be touching that, but then I personally never would.

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

John – 0419 198 856

I think there is some confusion about the tax benefits to developers. The only tax implication I can think of is that by registering for GST you will need to hand over 1/11 of your profit as GST… which is why the ATO would be very happy to decare you a developer. It may also have some impact as to whether you are assessed under CGT or as income…[Read more]

hang on… have you spoken to council? and they have confirmed that these plans all conform and there is nothing you can do? In Perth there would be no hope of getting a development like that through – you couldn’t have any clear windows looking into a neighbours property and you certainly couldn’t build a 2 storey high wall down one side. any…[Read more]

didn’t you do an inspection before settlement? If you are sitting there paying interest on this property I would just forget the arguments and get the skip in and sort out the bills later. skips aren’t expensive anyway and you must be losing rent whilst this argument drags on?

It is actually the listing agents problem, not the conjuncting…[Read more]

Hi Hotrod – I think it depends where you sit on the fence. I don’t care what anybody says, property will go up in value, hence it is not a gamble to negative gear. This is even more certain given Perth’s growth. I believe it is more of a gamble going to a town where premium rents are being paid because even the locals don’t have the confidence to…[Read more]

any real estate agent can act on your behalf as a buyers agent. there are a few places that specialise in it now though – but they charge reasonably hefty up front fees. They do this because they are all too well aware that many buyers often can’t commit to actually signing on the dotted line, so it covers them for their time and effort. It’s…[Read more]

it may or may not be a scam but this article is rubbish. The premise of the whole attack is that this guy went there expecting to see a built apartment and it was only half built – sorry but this happens everywhere everyday. Surely they could find some better facts and figures if they are going to label the article a “Kiwi real estate scam”… in…[Read more]

Hi Marisa,

that block was somewhat incredible though – absloute beach front right next to the centre of towm. I am not surprised at all by that price. There are still plenty of bargains there though and this is one of those areas where I believe you can easily buy below replacement cost.

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