Hi Property WA – what is the name if the company?

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

yes sounds all too familiar. With one particular nightmare I had it was a real battle with all sorts of neighbours coming out of the woodwork… interesting that I just receievd a letter from the council that one of these guys wants to subdivide. our development fully complied yet we got put thru the wringer, his didn’t and got rubber stamped…[Read more]

yes make the most of the opportunity to buy whilst the market is cool. The Perth market is running ahead so fast that is hard to even get offers in – not an environment for ferreting out good deals or development sites when you are competing against a long list of other buyers.

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS *…[Read more]

Hi Mei – summit are among the cheapest, plunkett usually quote cheaply too. be wary of build times though – allow plenty of time for completion. not sure what the council is like there but allow a few months for that as well whilst you to and fro. also the DLI is seriously backlogged and it is taking a few months to get titles out of there – and…[Read more]

yes I think the industry is long over due for attention – the planners that are just selling funds and hence earnign commissions should have a different name to a planner that charges by the hour and gives unbiased advice.

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

it is quite difficult for agents to purchase property that they have been asked to appraise. to try and snare a bargain would almost beg a REBA investigation. in talking to REBA the other day about a slightly different topic, they said that the agent would need to conduct a valuation by a licensed valuer to ensure that their offer is not below a…[Read more]

Simon I too hold similar regrets. However, will this trend continue into the future? every man and his dog including the UN and Madonna seems to think Australia has had an extreme period of house price inflation. Imagine neg gearing in a steady or declning market i.e. losing money on a weekly basis on an asset deflating in real terms.

more facts…[Read more]

hard to answer without all the facts. 90% is quite an agressive lend anyway – do you really want to go higher? is this on a neg gear or pos cashflow property? how much is the property you are buying?

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

its a heck of a sales pitch. owning property in Thailand appeals to the emotions but realistically how often could you use it? I suspect I would be better off renting for the occasions I go there.

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

also the weather is so ordinary in Perth this year that the only danger of a bushfire would be a spark from the open fire trying to keep the house warm. seriously – what is up with this weather?? this is the cuckiest weahther pattern ever!

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

Originally posted by calvin@thirty4:
So is it the tennants responsibility or yours?

Building sites are a little different – if YOU are the builder, AUSPROP I’d expect you to be responsible for it, but what if you have bought a House and Land Package? technically it is yours but realistically it isn’t until lockup stage (I am assuming that that…[Read more]

“Research the estate as theres no shortage of land in WA”

Hi asdf… I thought about this comment as I was walking down the beach tonight without a soul around me. I was thinking that beachfront land really isn’t scarce in Oz, after all there’s millions of miles of the stuff in this country. The key thing is – how much of it is accessable and…[Read more]

yes I get sore eyes just looking at this bright new format. it has some nice new functionality and the font is great but the advertising in the middle of the posts is driving me insane. I would think this sort of advertising is either going to work once or it isn’t i.e. if you have been posting here for 3 years I don’t think an ad in the middle of…[Read more]

Keep in touch with the sales agent (Rod). have a chat to him about what’s coming up. make sure you are on his email and postal list, as they circulate this a little bit before each formal release.

http://www.megapropertygroup.com

INVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT

the way I see it is, they can’t keep releasing land 300m from the waters edge for 25 years… there is only so much coast line. and the alternative Harford Grove land was priced so cheap that it more than allowed for the inferior location. this is sort of similar to the baldivis/rockingham situation, where despite being oodles of land, the more…[Read more]

bear in mind that a put/call option attracts immediate stamp duty for the full sale value, so you would have to find someone willing to give you a call option for 12 months or so. why they would do that I don’t know but it’s a big fishpond out there.

Rick I think that nominee loophole was closed in most states some time ago. the logic being hat…[Read more]

JETT before you add that profit to your assessable income you would need to pay the gST which in very loose terms works out to be 1/11th. so if you made $110k, pay $10k GST, then pay the 47% or whatever ont he $100k.

you are much better off being a passive investor, so yes build them, rent them for a while and if you wish to realise them then do…[Read more]

the WA labor govt has had a shocking track record for draining tax from property investors and they have continued to turn the screws via the state revenue office. the advice from my legal conveyancer was that the situation has recently become so bad that she would recommend not using nominees at all. I have adopted the view now of just making…[Read more]

great question. you need to look at a h&l proposal and compare it to existing stock to see if it is value for money. yes new properties may go backwards in price a little for a couple of years, but if you have made an upfront immediate capital gain on completion then you need to consider the 2 in context. in a rising market such as WA where you…[Read more]

property is a long term and illiquid asset. You obviously haven’t had the place long and negative gearing is a proven strategy despite the trendiness of positive cashflow. have you applied to vary your weekly tax bill? there must be some depreciation as you have just spent $15k on new fittings. it seems as tho you have $7k of lending costs that…[Read more]