Forum Replies Created
please note that an agent cannot split commission on a purchase for themselves – is a conflict of interest as they are theoretically acting in the sellers interest yet they are the buyer. if you want to trade property to make a dollar it is probably best that you are not an agent as you are not bound by the quite onerous disclosure, ethical and other legal requirements.
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 was never a truer comment than in the latest Money magazine – investors try to time the market and whilst waiting for a bargain prices continue to rise up and up. Property consistently grows… the best time to buy was yesterday. If you missed out yesterday don’t wait till tomorrow. Well priced and well located property is always the way to go. Buy and hold for the long term and you wont be disappointed, just don’t expect to buy, then sell 12 months later for a 50% return!
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
hang on, to be far the comparison should be the mortgage rate that the funds are destined for, so say 6.49% times the $66k equity = $4283. assume a $3k loss which is doubtful at that level of gearing but just say, add on $3k = $7283. thats a growth rate of just 4.9% which will be taxed at the CGT concessional rates. even the bear markets of Sydney/Melb are forecast to achieve that. Selling would also incur heaps of fees and you are locked out of a high growth asset. thats my quick analysis – take your time and do your sums carefully!
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 know CF+ property is the trendy thing now – but seriously… flood zones? is this really what you want your asset base to consist of?
the market is pretty volatile there though – all over the place like the share market. check out
https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=7831
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
Hi Leigh-Ann,
check out… https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=5411
not sure if the discussion will help, but it does touvh on the subject.
Hi Adrian – we installed one recently for $5000 I think it was. You will need a sparky to supply power to there as well. We also needed to install an intercom system taht linked to it for $2300 which also needed power. This was a new development so laying the cables was straight forward, would be much harder otherwise.
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
fantastic news. I sold my UK property several years ago and have regretted it ever since. Have been waiting for a nice price retreat.
Buidlers usually collect 10 to 15%
Developers collect around 20% IF all goes well.So if they are both, then 30% would be conceivable. But for this they are taking on many risks, headaches and effort. Many developers think they are making a decent profit but all they are really doing is realising the capital gain in their underlying land value.
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
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 have never thought of selling my personal properties on vendor finance and have never had anyone ask with any of the properties I have sold (be it my own or other peoples) – probably because it is messier than a clean sale. I don’t see why it is so surprising that I haven’t used it before. If I can turn more stock over by effectively waiting for the development margin to be paid back over a number of years I would be more than happy to do this on a few of them. It is not a vague question but relates specifically to stock that I personally have at the moment.
For stock of larger developers I doubt they would entertain the idea as they often have investors to repay.
Many of the mortgage brokers I have met would not know about vendor finance nor be interested in it, It would be good to know a little bit about it before going to a solicitor and starting to clock up fees whilst covering the basics. Thanks for the pointers on the books, will check it out.
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
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 house price of 28 percent was forecast over the three years to June 2006, although most of that growth would take place in this and next financial years, before possible rises in housing interest rates slowed price growth significantly in 2005/2006”.
You would be doing yourself an injustice if you think the housing market is dead just yet. If prices fall, buy. If prices are going to go up, buy faster! Also don’t confuse the bad press of inner city Sydney apartments with the general housing market.
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
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 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
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 have to have a strong constitution to fight off all the variation claims from the builder and keep the bodgy trades in line. then the ATO will want 10% of your profit for GST and half of whats left (if your on the top tax bracket). if your objective is just to acquire property it may be less stressful and just as profitable to pick up stock from distressed developers who are suffering under all of the above problems. I know of one very good value apartment that a developer has been trying to sell for a year – I have been looking to pick it up for what must be close to his build price.
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
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 joint venture partner in one of our property development partnerships – contact me to find out why our developments are unique. John – 0419 198 856
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 development partnerships – contact me to find out why our developments are unique. John – 0419 198 856
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 well.
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
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 property development partnerships – contact me to find out why our developments are unique. John – 0419 198 856
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 surrounding buildings – usual things. As far as losing money on these goes – there has to be a basic cost value to any physical product (unlike shares that seem to disappear into thin air) and at the very least you can value it on a return basis (which I hear is negligible in Sydney/Melbourne). Maybe take the annual rent and divide it by .05 to get a bottom line value??
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
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 at it?! You have timne to raise the deposit anyway so if you are serious I can’t see the problem. If I presented an offer to a seller for which there was no deposit I would expect the seller to reject it without hesitation – would be a big waste of time for everyone.
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
