its probably more to do with the tradies milking it.

I am a bit concerned about who will build there without loading the price too much

http://www.megapropertygroup.com

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the Dolphin Apartments in Mandurah is an example… developer just cancelled 20 contracts there. Investors tied up 10% cash deposits for 2 years, only for the depsotis to be returned with not as much as a thanks mate. tough times on all sides.

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Yes I think they have brought their pricing in line with The Reef, plus it was a little cheap to start with I think. It also falls in line with the projection that virtually any block will be worth $200k by the end of the year – blocks this close to the waters edge have to be worth that.

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL…[Read more]

Perhaps walk us thru your calculations as it doesn’t look right on the surface of it?

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I would suggest that CGT would not be applicable as you have bought with the pure intention of selling ASAP for a profit, so the full amount of profit would be assessable in your tax assessment. CGT is more for a passive investment when you buy a place, rent it out for a wile etc etc – talk to your accountant re…[Read more]

most agents are so busy that you will have no hope of being shown around etc but if you wander into the centruy 21 office near the roundabout there they seem to be doing a lot of business

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INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

Mei – whats the latest up there? have you bought into this or anyone else getting in on it?

I see the Reef (http://www.thereef.net.au/) prices keep going up and are now from $205k.

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INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

there should definitely be a price diff between a cash and non-cash offer. even a committed buyer wo has had finance approval may find their circumstances change e.g. they fall pregnant and no longer have a job, and then the bank can withdraw finance approval. In fact the bank could withdraw approval even if your circumstsnces havent changed e.g.…[Read more]

Originally posted by asdf:
Yeah nice one Derek. I know what you mean by getting an offer you can’t refuse. Sell and start again with two or three x the number of properties at the start of another cycle perhaps. I know there are a few investors in the process of completing house and lands at the moment. Just be careful if you enter the market too…[Read more]

Just a few initial thoughts…

– you will need a section for gST reclaimed and gST out

– you will need more fileds for development costs

– not sure I would start with rent as step 1 as that is not really related to a development… more of a secondary consideration when considering whether to retain. IMO step 3 should be step 1

– why are there…[Read more]

you must dilly dally PropertyWA – I can do Subiaco to Dunsborough in 2 hrs 40m and that includes a leg stretch on the way
If I lived in somewhere like Atwell that would be 20 or 30 minutes less again.

important to note that these times will come back a bit with the freeway extension to Bunbury. The north will also be opened up, so places like…[Read more]

“a greater influx of investor purchases” – I read recently that investor activity isn’t particularly high. With strong migration and the change in demographic requiring a supply of about 200 homes per week I don’t think there is any immediate concern – especially as developers seem incapable of producing new land releases at an increased rate….…[Read more]

probably talking about the one that generates the wealth in this country, the one that pays our way in the world. We certainly don’t seem to be capable of much else than developing resources.

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Unfortunately a contract is a contract and if it is watertight then the settlement date won’t change without mutual agreement and you can’t just pull out. You are given 3 working days lee-way so that is pretty close. but really is 5 days penalty interest that big a deal?

your settlement agent should be able to sort this our for you without going…[Read more]

In WA a put/call option will attract imediate stamp duty, but I am told just a put or just a call by itself is ok.

when flipping in WA it is probably just easier to pay the stamp duty and be done with it.

http://www.megapropertygroup.com

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yes be careful about the areas you get into – I was looking at picking up some blocks for flipping in a new estate up there and a friend of friend went to check it out. mentioned somehting about passing burnt out car bodies on the track on the way out there and the character of the adjoining suburb that wasn’t too flash… it didn’t sound…[Read more]

people that start in the profession tend to do CA, where as people who start in industry tend to do CPA. it’s a load of rubbish really and they should merge them. If your plan is to move the UK it doesn’t make any difference at all. I am led to believe the CA qualification is harder to achieve, but I think that is relative to the quality of the…[Read more]

You just need to ask your settlement agent to charge the penalties – very easy and no big deal. If the seller has been good to you and done all the right things then it is usually courteous to let it slide (hasn’t cost you anything after all).

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

“JES mentioned above the “high quality hub” of Manduarah. Can someone inform what the attraction is? Apart from the pie shop, I can’t see anything really going for it.”

CHOKE…

what pie shop are you referring to?

the mandurah area is stunning, to argue the emotional merits of an area would not be productive…[Read more]

” know which one I’m betting on. And you’re right, it aint gonna change a damn thing. When the froth blows off Perth’s bubble, it’ll be the people with the highest debt as a proportion of their wage who will bleed the worst.”

you first have to have a bubble to blow the froth off it. by the time the perth market catches up to levels commensurate…[Read more]