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hmmm I was thinking of Karratha but these comments are making me think twice.
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
HAMSTER;
building delays are still shocking over here, so watch out for that if you are in danger of over extending. Good quality developments should still sell pretty well; economy booming etc. Rents aren’t too flash. If you want some detailed opinions, feel free to email me on [email protected].
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
Is there suppose to be a link here? sounds interesting
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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
After losing tens of thousands in the last ‘share market boom’ I thought I would venture back with the ALH float. Thankfully it was a flop and I didn’t get an allocation. Was a free reminder for me – stick to whatever you know best.
and how do you guys look at a property which you built for say $100k, could sell for $200k but would pay $50k tax if you sold, so a net sale price of $150k ?
I would say the cost of the property is $150k, but would you guys consider it to be $100k? i guess if you used $150k, then on the same logic you would have to constantly evaluate your returns on all your properties based on their latest valuation, but then maybe you should do that anyway
well it happened once when they abolished negative gearing, which incidentally sent rents soaring. Can you please quantify how you have calculated that property is over-valued by 100 to 150%? If you could prove it to me I will liquidate my portfolio today.
There are indeed some interesting times ahead. The bulging US trade deficit and a change of sentiment towards the US $ will most likely see it devalue significantly. The rising aussie dollar will become a political and economical hot potato and will tie the reserve banks hands to prevent them from raising rates too much further. People also forget that the next terrorist attack could be today or tomorrow – but I wouldn’t like to be in shares when it happens.
When evaluating property I would look at home affordability indexes and population projections. Demographics will also see an increased demand for low maintenance homes etc etc
If you want to wait and hope that prices will fall then good luck. If it happens I will expand my portfolio as well and will be happy about it. In the mean time I am looking to acquire quality property as fast as possible.
I adopted a similar approach to a property that was neg geared – doom and gloom was abound and everyone was saying the market had peaked, so thought I would be clever by selling out. Unfortunately prices continued racing upwards such that I missed out on a 40% capital gain in 12 months. Several other similar lessons made me vow to forget about timing the market and focus on buying at a discount to the current market. Buying property at good prices will always be rewarded! Out of interest – the amount of inquiries I am receiving (as a real estate agent) and the feedback from mortgage brokers is that there is still plenty of steam left in this 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
yes it is the one I mean and yes it is definitely being developed with subdivisions and marinas etc all underway. Is being close to Mackay a good thing?
The blocks are around $200k and then you have to build on it…. not sure if thats a lot of money for a holiday home in the Whitsundays with water views. Would be cheap compared to what you get n WA for that sort of money, but depends how close the island is to major population centresPeople warn you about the dangers of partnerships, but like a lot of things in life, you tend not to take the threat seriously until it starts to sting. Anything that involves committing to joint and several liability – DONT DO 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
I agree that if the deal stands up then the amount of commissions involved is irrelevant. The point is that they project an image as a club – when I attended my first meeting the message certainly seemed to be that this truly was an Investors Club – not a real estate marketing agency. Given that their agency fees are so high, you have to wonder if buying a unit on the other side of the country (sight unseen) which includes above market agency commissions can really be the best deal you are going to get. Just do plenty of due diligence and obtain your own independent valuations. Don’t let them sell you it on the basis that some unit they sold 1 year ago has gone up by some fantastic amount – as someone else eluded to, a boom market can disguise many questionable purchases, especially if you never have to verify it by actually selling the property.
from what I can gather it all comes down to that wonderful element of “intention”. In the absence of being able to prove your intentions, I have been told (in WA) that they will accept 3 months as being adequate. Don’t forget to connect all services in your name and send all your mail there for that period too (bank statements etc).
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
“Mr Triguboff said it was a “bank-created problem which could become very serious”.”
Is this an excellent example of buck passing or am I missing something? Bank lending criteria is so strict already. Surely it is more on the shoulders of those buying the property to follow though with their commitments? And the developers can’t be without blame for creating so much oversupply.
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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 was also told by a broker that there are only 2 mortgage insurers available anyway (and often it is them that are the problem) so going to different brokers/banks doesn’t usually help.
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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
By all means attend an Investors Club meeting, but just because they call themselves a “club” don’t think that they are a club in the traditional sense. They charge vendors selling fees just like any other real estate agency and pay their reps (or “Support Members”) generous commissions for making the sale.
I find that when I tell people about the advantages of a QS depreciation schedule it is met with great skepticism (particularly in regards to older property). Only when they see the numbers afterward are they as excited as they should be.
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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 have used a granny flat in the past to help sure up a woefully negatively geared property with great success. In my case the granny flat was existing – so you would need to do a full financial analysis e.g. payback time etc. to see if it was worth the hassle. If you want to let it long term you will also need separate utilities meters and prospective tenants can be a bit put off by effectively sharing a property, so you need to make it as distinct as possible. Consider issues such as parking as well.
__________________________________________________Extensive list of new Perth property available.
Alternatively, become a joint venture partner in one of our property syndications – contact me to find out why our syndications are unique. John – 08 9483 0000
