I had almost converted to the herd mentality that prices were on the way down. Then about 3 weeks ago we had a rush on and have shifted about 140 properties in a few weeks (investment properties, off the plan and finished lifestyle products, renovators delights, all sorts). The signs are there – little articles from agents in the weekend paper…[Read more]

how does this work please – you sell the option to not take up your option?? couldn’t you get cut out of the deal?

one of his self reminder slogans I saw was “I am surrounded by abundance”. Seeing his lifestyle was testimony to that. I am both amused that people fork out this sort of cash to hear this stuff and inspired that we live in a society that can allow you to get so fabulously wealthy so easily

ultimately the place was only worth what people would pay for it and that came to light on the day. that doesnt mean let the agent sell it for $2 to a mate, but there is only so much you can do – If it were such a bargain why didn’t anyone else grab it? i personally don’t favour auctions but they do have some advantages e.g. the quickness of the…[Read more]

there is a school of thought that the changing demographic will alter the old adage that higher land content will show higher capital growth. The ageing population is a permanent alteration to the housing market. In Perth we are seeing very high growth rates in inner city apartments as this is what the market wants, where as some of the single…[Read more]

one of the most sensible opinions I have heard in a long time…

so are you looking back at inner city again?

Extensive list of new Perth property available for sale.

Alternatively, become a joint venture partner in one of our property development partnerships – contact me to find out why our developments are unique. John – 0419 198 856

I have been meaning to for ages – just signed up. You should def. be on commission!

Extensive list of new Perth property available for sale.

Alternatively, become a joint venture partner in one of our property development partnerships – contact me to find out why our developments are unique. John – 0419 198 856

the article makes good sense… was looking at an office suite that delivered 8% and little chance of capital gain. The finance rate was 8.25% so why would I bother? CF+ advocates are basically applying commercial valuation methods against residential property. CF- are coming from a completely different angle

Extensive list of new Perth…[Read more]

hmmm – some responses…

“to sell off the plan you would need to offer some discount to their true value”

— Not necessarily. Supply and demand are two of the most important factors when evaluating an OTP development. Generally speaking, the project should not move forward if supply exceeds demand.

If sufficient demand is identified, the…[Read more]

I remember the late 80’s and early 90’s… what similarities are you drawing?

As for the busts that have been happening for 100’s of years… this isn’t exactly a Tulip boom market that we are talking about. The biggest conclusion you can draw from looking back 100’s of years is that property is a scarce commodity that on avergae always goes…[Read more]

to sell off the plan you would need to offer some discount to their true value (and selling OTP for a townhouse product isn’t easy). To make enough to pay for the other two you would have to be making some extraordinary profits (and don’t forget that half of this profit would go in personal tax and another 10% in GST). Developers margins have…[Read more]

yes it would be great not to have to pay stamp duty – imagine the arbitraging that would occur if it were abolished!

Extensive list of new Perth property available for sale.

Alternatively, become a joint venture partner in one of our property development partnerships – contact me to find out why our developments are unique. John – 0419 198 856

I would invest a few hundred dollars in books – 90% of the seminar material is covered in them anyway. Even better, go to the library and get the information for free. As with all things in life, price doesn’t always equal value.

Extensive list of new Perth property available for sale.

Alternatively, become a joint venture partner in one of…[Read more]

For my market (Perth) BIS Shrapnel is forecasting a 28% rise in prices over the next 18 months and continuing, albeit slower, growth in other markets. This is a big discrepancy from a 20 to 30% drop. It seems interest rates have peaked as well. Everyone has a vested interest in the market moving one way or the other. Why do people have to keep…[Read more]

check with the council that it is zoned for short stay accomodation (sounds like it would be if they plan a hotel, but worth following up). Read your strata by-laws carefully and see what is in there. Some specifically exclude this sort of thing.

why are you so aginast the hotel? My friends just paid a fortune for an apartment in a…[Read more]

yes but their caution should be executed by lowering the LVR, not by fudging the valuation numbers – after all they are suppose to be valuing the property in todays terms, not predicting into the future.

Extensive list of new Perth property available for sale.

Alternatively, become a joint venture partner in one of our property development…[Read more]

different perceptions are strange – I think St James is only just starting its run. ezrent – will PM you.

Extensive list of new Perth property available for sale.

Alternatively, become a joint venture partner in one of our property development partnerships – contact me to find out why our developments are unique. John – 0419 198 856

there are a couple of postings saying that affordability is at an all time low. Am sure I read only a week ago that this is a myth and affordability was actually pretty good. The trouble with real estate is all these dodgy delayed statistics that are plastered across a whole market that is assumed to be comparable but really consists of many many…[Read more]

yeh well I realise that when it happens it will be a huge problem anyway and it probably won’t matter where you live, you will be affected by the ruined economy etc etc. A bit like shark attacks – the fear of it is worse than the likelihood of it happening to you personally. hmm – Nepal…