Boiler Room… great movie:

“people who say money doesn’t buy happiness don’t have it. Look at me – grinning from ear to ear baby!”

mind you he did go on to presumably get arrested. would have wiped the smile off his face.

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

one of the most respected valuers in town predicted up to 20% growth in the Perth market this year and tipped mandurah as an area of continuing captial growth (a lifestyle hot spot basically). it is also the fastest growing region in australia. it is also very nice!

many would argue that significant capital growth to date means you are buying…[Read more]

any chance of an example of what $350k could buy in Sydney? It’s nearly 20 years since I last went there so I wouldn’t even know which suburb to type into re.com!

40kms is part of the Perth sprawl now. Joondalup would be the relevant town centre there. Mandurah is 95kms!

go against the herd is def a good strategy and these days it’s hard to find…[Read more]

Please tell me where I can buy a 4×2 800m from the beach in Perth for $350k?

probably would have gone for around $350:

http://www.realestate.com.au/cgi-bin/rsearch?a=o&s=wa&c=22966518&tm=1140000363&id=102874207&f=10&p=10&t=res&ty=&snf=rbs&ag=&cu=&fmt=&header=

check out rockingam, safety bay, waikiki, madora, meadow…[Read more]

what actually is the average wage of perth, sydney and melbourne? i read recently there was little diff between perth and sydney wages yet huge disparity in house prices.

hegneys reckon the price growth will ease from supply, but that is so far off that you will probably have another 30% cap gain under your wings by then.

resources boom is very…[Read more]

do they generally need council approval?

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

yes you woud need 20% as a minimum as there is always somehting you miss! on the other hand, cap growth on a delayed project usually compensates cost over runs – in fact a bigger development over a few years can result in most of the profit being just cap growth. the tax implictions of this really bite tho – there is no 50% CGT reduction and you…[Read more]

MTHawthorn – cheap cheap cheap. And yes I believe the market has been led toward the coast and overlooked many prime inner city areas (that are only 5 minutes from the beach anyway).

-CF… 26% increase in rents over the last year and similar predicted this year. long suffering landlords are finally get just…[Read more]

my sister owns a 1 bed that is across the piazza from a 2 bed that she owns as well. the 1 bed has beaten the 2 bed hands down. the rent difference has proven to be minimal with the occupancy levels of the 1 bed much higher, plus the 1 bed cost a lot less in the first place.

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS *…[Read more]

Originally posted by asdf:
Originally posted by kingdavid:
because it is a new home, duty is only paid on the value of the land… not the building…

so when Mirvac built the property, they have only paid duty on the land. when they sell the property to us, they will pass on the savings to us, which we will negotiate by how…[Read more]

“Secondly, has any one had any experience with a contract that has a ‘Sunset clause’ in it?”

It can be more than just the offer period. It is not possible to create an eternal contract, so when there is a contract drawn up that is conditional on an event that may never happen, a sunset clause needs to be added. E.g. “settlement to be within 30…[Read more]

Success would be very much a personal opinion – it really depends where you are going to work and what you are after. You may be better renting for your forst 6 months to et a feelfor Perth first.

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

my Mandurah properties have been going up $1000+ a week for 3 years now. I feel I owe the place something now.

actually in an earlier thread I was saying how I went to busselton for Christmas for a combined holiday and vacation home hunt and the flies drove me nuts. We stopped in at dome on the mandurah estuary there on the way back and it dawned…[Read more]

From what i have seen of Mirvac developments they do seem to employ excellent design and that translates thru to resales. East Cove in East Perth has done really well. Burswood is shaping up really well and Bunker Bay is very impressive. Old or new? tough call… there is more at stake here than finances as you need to enjoy what you are living…[Read more]

check out The Grove at Ashby – blocks ther for around $155-160k.

I was never a fan of it but… Byford Central. have heard that Alcoa are expanding and the workforce may commute from there. blocks are cheap.

Capricorn – see thread under development. no secret that I think it has long term potential (i have bought in there).

some opportunites…[Read more]

beautiful beach – pity the flies are so dreadful during summer! I did want to buy a beach house down there until I visited over the Christmas break… I think I will leave future visits to the south west to off peak. Slighlty further around Isee a very nice block for sale at Bunker Bay for $2.6m. now as nice as the view is am I alone in thinking…[Read more]

gees turn the knife a little asdf! If you delve behind the glossy exteriors of a lot of agencies you will find a stressed out licencee with a busines teetering on the edge. I know there are some high flyers making the big bucks, but it’s a far cry from your average REA. in a tight market like now (in WA) where turnover is being strangled you will…[Read more]

Steve you are about to embark on a project with building/site costs alone around the $500k. I wouldn’t be swinging the whole deal around on the basis of the stamp duty as it is almost immaterial.

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

shares… a whole new frontier of expertise. it would be interesting to apply that leveraged scenario against Healthscope. fortunately the banks are risk averse a little more than that and would save ourselves from this tragic fate – the gearing levels are well down on margin lending for a reason.

http://www.megapropertygroup.com

INVESTMENT SALES *…[Read more]

part of the blame must lie with ASIC – these unregistered schemes are all over town yet they do nothing about them. our company does the right thing and abides by the law and it is frustrating to see others flouting it without ASIC cracking down on them. The Westpoint schemes are of such a magnitude and so widely promoted that is is impossible to…[Read more]