Site Survey will cost you about $250 and several companies in Perth can do it for that price, usually within a couple of days. Demolition is dependant on the house and should be quoted individually.

Wayne you got it in one ! As for covenants, they have all just been lifted which is a bonus. The main downfall appears to be that if I want to sell, I cant put up a For Sale Sign on site. Are you going to give it a go ?

By the sound of it we may be neighbours ! The land is definately unique and capital growth has been very good in area. As for where it is, lets just say its about 35minutes north of perth. And yours ?

Im from Perth and looking at purchasing in the Northern corridor on the coast, literally a 30 second walk to waters edge. As properties directly next door are selling for half a million, I dont want to miss out on this gem yet cant build for a year or two. Main concern is paying off the Block which in turn is reducing my payments on my…[Read more]

Still paying off mortgage and got commercial property on I.O (Positive geared). No funds after buying block to build now as used up equity in home. Need to save to build and hope by time I build block and my house I live in will increase and will have more equity + savings. Other option is to sell my house but it is in a booming area and has…[Read more]

Any one got any ideas on the Wharf Development in Mindarie keys ?? To buy and build and sell later ??

Thanks for the advice, I will definately look into it as I have been thinking along similar lines. It would make it a lot easier to calculate but as I needed to use my equity, im not sure if I can split it. I Will have to speak to my broker.

The tenants have been in for a year now so there are 4 years left before there option to continue comes…[Read more]

A level site is also feasible as access ramps at a max grade of 1:14 can use up a lot of area if on a sloping site. Design for the disabled/elderly can be rather extensive and costly. As mentioned above, laws and restrictions will be in depth and you will spend a lot of time dealing with council and other government bodies. There are a lot of…[Read more]

Commercial Property is really only as good as your tenant. As mentioned in the other forum, vacancy rates can be high and may last for months or even years if you lose a good tenant and you can be left with a fitout that may not suit the new tenants. Location, exposure and demand for Commercial Property should also be high.A good aspect of…[Read more]

Thanks Jeff. I agree with not comparing residential growth rates with Commercial properties however it is still interesting and I would think that to to some degree would give an indication of demand for the area. As it wasnt purchased for capital growth and hope to keep this property for many years, it would just be a bonus if it went up in…[Read more]

Thanks for your reply.The property is in a very good location and I really cant see a problem with it ever being vacant however you just cant tell! I have clauses in the lease agreement which means that the tenant pays the lease until i find new tenants if they break lease.

The area has gone up 33% in the last year which is promising ! I agree…[Read more]

Thanks kindly for your reply but can you also please tell me what my return is ??

Regards,

Birdy