Pisces – the developments are unique because the syndication partners’ contributions are used to secure the properties unencumbered in their own names (as opposed to handing over a lump of cash to somebody and hoping to get more back at the end of it). The absolute security provided by this and the structure of it makes it a true partnership.

I…[Read more]

from the weekend West Australian:

“BIS Shrapnel forecaster Robert Mellor said no major downward pressure on house prices was forecast but rather that price growth in most capital cities would continue at a more constrained level. A key finding in WA was that underlying demand in Perth was forecast to improve from 2003/04…” “Growth in the median…[Read more]

Hi Battz,

I am a developer with stock to sell and would consider vendor terms. I too would be interested to know the exact ins and outs of it all – particularly with regards to a 2nd mortgage. I should think the debt would be suitable evidence to lodge a caveat over the property?

Extensive list of new Perth property available for…[Read more]

Even developing at cost can leave you with hopelessly negatively geared properties. allow at least six months to a year to get your plans through. Be careful with the building contract. Most of them will run way over their contract time and trying to get a builder to sign a contract with penalties built into it will be expensive. you will also…[Read more]

Agents won’t put much effort into an open listing. If they have a buyer they have a buyer, that is true. Many times though I have seen quality property sit there with several agents listed but being neglected because it is too risky to spend time and money on it.

Extensive list of new Perth property available for sale.

Alternatively, become a…[Read more]

Hi Marketmad.. I will send you a PM regarding this, but for the benefit of others, Rockingham is tipped to be a big mover and was recently rated highly in the “most likely to succeed awards” for want of a better name!

Extensive list of new Perth property available for sale.

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

Hi Chan$ – I know people are making good money because I have been trying to secure an apartment for someone at $40k above what the off plan buyer bought it for and they rejected the offer out of hand. not bad for a $200 deposit bond! Hence my comment that if the off-the plan price compares favourably to the exisitng stock you should do…[Read more]

just when realestate.com had become the standard… do we really want to confuse the issue with yet another site?

Hello New World Monkey,

it is possible. It needs to be either new property or off the plan product. Just make sure your offers are subject to you receiving FIRB approval, else you could end up in hot water!

Kind Regards,

Extensive list of new Perth property available for sale.

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

There is still some very good money being made from off-the plan apartments here in Perth – in and around Subiaco particularly. I heard of someone losing $100k in the Perth CBD. Just use common sense though – there are a lot more people that can afford $250k than say $600k for a penthouse. Try to get unique locations, look at resales in…[Read more]

Oh for the day when there is some uniformity in this country….

In WA a 10% deposit is normal, though with property prices increasing it is becoming less so. $500 will suffice on a cheap block of land etc. It is perfectly ok to not put down a deposit and the agent must still present the offer, but what vendor in their right mind would look twice…[Read more]

wow that does sound good. who cares about resale – hold it for 20 years and bulldoze them!

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

when you start generating income after completion you can claim the ‘dead’ interest on the block. I would just sit tight – cash flow isn’t as good but saves doing dodgies on the ATO.

Shadow line cornicing is cheap and gives a modern finish. Polished concrete is big. Checkout commercial window frames and of course low voltage lighting. And for what it costs (about $300), chuck in a 3 phase power board.

Extensive list of new Perth property available for sale.

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

…with Itchi and Scratchy as the main characters!!!

maybe a more general approach is required – if you own a house outright in an upmarket suburb, have a flash car, own a boat, and say $1m equity in investments and can live off your investments, I would loosely describe such a person as a ‘millionaire’ in the true Thurston Howe (Gilligan’s Island) sense of the word.

Extensive list of new Perth…[Read more]

My story isn’t shocking but was a bit stressful at the time. I had a tenant without an agent involved. I was overseas when he decided to suddenly stop paying rent. I had to rely on my poor old parents to hassle him etc. Eventually I told him I was appointing a managing agent and that seemed to scare him off. We called a locksmith and forced entry…[Read more]

it doesn’t have to be off the plan – it has to be new and suitable for foreign investment. e.g. you can only sell 50% of the development to non-residents. We have just finished a triplex, so can only sell one of these to foreign persons for example.

Extensive list of new Perth property available for sale.

Alternatively, become a joint venture…[Read more]

if you are putting in a decent amount of equity and buying in an area that you aren’t familiar with, a proper valuation would be advisable. I once paid way too much for a property despite the bank doing their valuation – the bank didn’t care as they held cross collateralisation. I naively assumed the bank would have given me a warning sign. This…[Read more]

it is with dismay that I admit we hold little power in the world. what happened to the foresight of our forefathers? why are we so content to amble along as we are? we need a population of 200 to 300 million to throw some weight around. irrigate the deserts and tame this country!

anyways my point in replying – I think it is important not to…[Read more]