Sounds like a generous offer to me !!

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“Don’t be afraid to take a big step if one is indicated.
You can’t cross a chasm in two small jumps”. — David Lloyd George.
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CGU do a combined building insurance and landlord’s insurance.

Barclay MIS seems to offer the best stand-alone Landlord’s Insurance, I just put my latest IP with them.

Terri Scheers (AON) are hard to get compensation out of for anything except rent default, and even then you wait 6 months.

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“Don’t be afraid to take a…[Read more]

A crappy house can be a noose around the neck in terms of maintenance costs and vacant periods between tenants. Pick a radius from the city (say 10 or 15km) and look for an attractive low maintenance brick house. If it’s less than 20 years old you can also get the tax benefit of special building write-down (2.5% of construction cost is…[Read more]

Hi Gillian,

I own an old house on a large block in Perth’s inner suburbs. Due to the zoning (R20) I can’t develop it in its own right, but if combined with one of the adjoining properties it would create a triplex site. I recently looked into purchasing the neighbour’s property to do the development, but the total cost on a go-it-alone basis…[Read more]

Hi Robert,

Two suggestions.

1. Try East Victoria Park for inner city (6 km from city centre). You’ll find some old houses on big old 800 sq.m lots there for around $200k. The area has been a sleeper (alot of state housing) but is just starting to move (up 21% in the last 12 months). Surrounding suburbs are already $300k plus. Most of the…[Read more]