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yikes… that’s a shame as they were one of the few builders delivering anything in a reasonable time frame. presumably Dale Alcock and Hombuyers is in the same basket?
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Good point Michael…. a good reason to sign 6 month leases in winter to coincide them with the January rush.
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yes I just whacked up the rent on an IP by over 10% and was worried what the tenants reaction would be… his response was that it was a long time coming and no worries. it’s a good time to get stuck into overdue increases because there sure are few options for your tenants to find alternative accomodation. as an indication, our PM team are leasing complexes of villas weeks prior to completion… great for the investors.
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Hi Mei – sorry I don’t know much about it… at the prices they will be they won’t be your typical median house price stock.
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have been told that celebrations have applied a 4% price rise and shut their doors for a month. seems demand is catching up with them as well.
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There will be canals at Coogee but that could be a couple of years away. Note that a WA public servant recently said anyone investing in canals is crazy (due to rising water levels, gobal warming etc)… I have no opinion either way. Would be nice I am sure. A lot of the debate is who will pay to retain the rising water levels, which properties should be let go and how do you choose some over others etc. I would imagine th South Perth foreshore for exanple will be retained and areas like the Perth foreshore, where as places like Silver Sands may be let go.
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As Nigel says, these are marketing companies that are run for profit – no harm in that – but you should go in knowing where you stand, so don’t let terms like ‘club’, ‘support member’ or ‘introducer’ blur the lines for you. If the product is right buy it, if not move on.
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in this market it would be easier to ask where not to buy! there is a reverse ripple theory which suggests inner city is about to take the lead again. check out places like Vic PArk, Highgate, inner city, Northbridge. I like Burswood too.
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sorry Redwing – not much to add here… I have never used them. It is correct that Celebration and Homebuyers are part of the Dale Alcock group and from my snooping around it would appear that they are the only major building group in WA that can actually build anything in a reasonable time frame, tho they do seem to be taking on an awful lot of work. the other builders are woefully behind.
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I am not convinced this post is genuine…
it’s just too weird to fathom
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Personally I think we should start an email about beer. I would like to see a graph of the price of a pint over the last 20 years compared to the price of petrol. The govt should drop taxes on beer – it is a regressive tax on a necessity and it direlcty affects people who can least afford to pay it. I would propose we all not buy it for a day, but there would be fat chance of that happening! maybe Wollies can start a 4c per litre off scheme?
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Originally posted by nedkelly:Quote:take rockingham… where else in the metro area do you get a beach facing 3 different directions?What, the beach water at Rockingham is of questionable quality and the area is next to heavy industry with chimneys bellowing smoke out.It may be facing 3 ways but in my eyes the northern beaches are cleaner with less of the visual and air pollution of Rockingham.
As Rob W states there are lots of developments happening in the northern coastal area but they don’t get the same press as down south as it is easier to get planning approval for them as Butler, Jindalee & Yanchep are still densely populated, therefore these developments do not have people protesting against them. In fact they are welcomed. I know which area my money is on for future capital growth…..time will tell.
ned kelly
dont get too fired up Ned – I don’t even like the beach! I think all Perth beaches are pretty much over rated and are rendered useless after noon (hence the appeal of Rockingham to me which offers a choice of sheltered beaches). And if I cant see the beach from my living room I can’t justify paying a premium just for being nearby to it.
I think the south gets more press because it has been so under rated for so long that it is now playing catch up as the freeway/train goes thru. Plus it is hard to deny that Mandurah is really quite unique to anything you will find north of Perth.
having said that, the new city of St Andrews will be quite exciting and will be the attraction of Yanchep. and Yanchep Lagoon is quite beautiful. It’s just that for me, I would have absolutely no reason to go there other than for perahps a once a year picnic. when the new city is built it may be a different story of course (and hence the north certainly does have heaps of growth potential too).
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I think the reverse ripple is well and truly under way – may take a while to show up in the stats
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we just sold a few packages in Baldivis central that were really cool 3×2’s with a garage at rear (single storey) – I think the block was 408sqm. They are really popular and it is encouraging that the idealogy of the McMansion is slowly fading. There was the occasional opinion that ‘hey I can get that bigger house on that bigger block for the same price’… a lot of this is persoanl opinion and preference. I subscribe to the theories of “less is more” and “you can’t buy good taste”. Interestingly – I went to get some cottage lots at the last Rivergums release and the rep told me they had all gone and were the first to sell. Also need to bear in mind that a cottage home will probably cost very similar to an off the shelf large family home… it’s all to do with the mathematics of the perimiter of the building = square homes are cheap.
Also I wouldnt necessarily avoid 2 storey at all costs – just if there is a casual choice between the 2. My first lesson in that was when I did townhouses in Vic Park… it was an R60 site near to other R30 sites. The other R30 sites were cheaper and obviously cost less to build and were built much quicker. Muggins here brings the townhouses to market well after the competition and not only has to convince the buyers that stairs are a great lifestyle choice, but that they should pay $60k extra for it too.
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I try to avoid 2 storey… too expensive to build, too slow to build (an extra 2 progress stages), not appreciated by the market when finished. It’s ok when it is completely necessary, such as inner city lots or to capture a view, other than that I would leave it.
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yes reselling land is an enterprise that is captured by the GST legislation. as your turnover is above the threshold the entitie/s that purchased the land would be forced to register for GST. You should be able to sell under the margin scheme, hence GST payable would roughly be $200k-$100k / 11 = $9k. YOu may be able to slip the remaining $91k thru as CGT (check with a tax accountant) depending on how many of these you have done – sounds like just the one.
this thread has depressed me – i recall sitting in the carpark debating whether to buy one of these blocks for $100k. decided the blocks were too far from the beach, had little appeal and it was a lot of money for a block so far from Perth and left it. doh! and to think that was only Easter 2004.
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Originally posted by Celivia:“…why are we so bothered with that property alone where there is so much on offer out there, not short of properties for sale..”
True, Roy, that there are plenty of properties for sale.
But the point of Nats12 I think is, that s/he offered a reasonable price for this property and then was not given a smurfin’ chance to negotiate; so the agent created a lose/lose situation for both Nats12 and the vendor. S/he wanted to hear others’ opinions about this.
Celivia
gees wish that was the situation out West… buyers are fighting over them
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out of interest Butler and Rockignham are the same distance to the city. I belive the southern strip will continue to outperform the northern strip until after the rail works are finished. the Bunbury freewway extension could boost the whole thing again.then of course are new marinas at rockingham, coogee etc and Mandurah itself has a lot more to offer than a windswept beach. take rockingham… where else in the metro area do you get a beach facing 3 different directions?
then again – I have always felt more comfortable with the south than north and we all have our preferences. maybe we are all wrong – there is a lot of talk of people heading for the hills!
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Ashfield is a bit of a sleeper – close to city, riverside, a lot of development planned in the short term.
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