Freckle wrote:

To me it signals the end of WA's RE boom. I expect to see the economy contract hard over the next 12 months. Property prices will follow in due course as unemployment rises  and everyone realises the resource boom is really really over.

Freckle,

In case you hadnt noticed the WA RE boom ended a long time ago. And that is…[Read more]

Yes i can understand what you are saying. Based on the upward trend of gladstone over the last couple of years compared to its trends now may seem like it has peaked and beginning to plateau but there are still 65 billion $$$ worth of projects that have been approved and are soon to begin. Specifically 2 gas more gas plants.

The population of…[Read more]

Yeah I hear what your saying freckle and I had thought of this. Because I am actually buying this through a buyers advocate I think the discount might actually be coming from them although they tell me its from the developer. Because they buy large quantites of houses through this developer they can go back to them and request these discounts.…[Read more]

Sounds like Booragoon…..you looking for a JV partner?

Hi Jamie,

Thanks for the advise, Some good pointers to remember for the next time I get in a similar situation. I was about to ring my broker but I cant help thinking that getting a low bank val in this situation is actually a good thing.  With the 25k discount the developers are offering I am ahead of the 8ball straight away. Even if I do have…[Read more]

Derek,

I didnt think the federal govs budget would have much effect on projects that take place within this state. Didnt Colin Barnett just say recently that if he get back into power that he will build the airport and light rail link? 

RPI wrote:
 
Some Marketeers try and come across like they are there for you.  Check the disclosure contract on the statement and you will see $30k or so going to them for selling the property.  They are NOT there to help you.

I am litigating on behalf of numerous clients at the moment who have been done by some of these marketeers.  One very…[Read more]

Hi Bruce,

I dont really have much of an opinion about better performing suburbs around Perth but perhaps something to consider is the new airport rail link the government are proposing to build from High Wycombe to Bayswater via the airport. Suburbs next to High Wycombe like Forrestfield, which already has large infastructure in place may see…[Read more]

My wife and I have 5 IPs and we use a guy named Louis Aldum. He owns a company called TaxSense. He is an investor himself and very capable property accountant. He has recently helped us set up a company and family trust for asset protection.  PM me for his details if your interested. 

I think there is plenty of life left in Gladstone as there are 2 more gas plants to be built over the next three years so in terms of activity it is going to pick up again in the not too distant future. I am just worried there are going to be massive land releases so developers can flodd the market and keep rental prices where they are.

Terry…[Read more]

Hi Paul,

I had a look at your site and was reading about the Installment contract technique. Can you tell me how this differs from the rent to own and what are the pros and cons of this technique?

Hi Kazza,

The guys at Permacoat have a special sealer they use and can guarantee their work for 20 years. Dont know if they will still be around in 20 years thats the guarantee they offer. The house Im renovating is only small and they quoted $3200 for the lot.
I assume this is your PPR and if that is the case then it just depends on what you are…[Read more]

seqel wrote:
Hi Corie,

I did mine myself.

I got all the instructions from the paint company and one of them even offered free spray hire with the paint.

I also hired a decent Gerni.  My domestic one simply took to long.

The two lessons I learnt quicky was : Water makes your tiles slippery, use caution/ fall arresting…[Read more]

Hi there Renel,

Thought I would drop you a line as my wife and I live in Perth and we are keen renovators too.

Have you looked at any of the home study options? I know Dean and Elise parker have a product called "The complete renovating system" which you can buy online either on their site www.propertysystems.com.au. I think you can also get it…[Read more]

I know its not an e book but Margaret Lomas has an excellent book called "20 must-ask questions" before you buy an investment property. Highly recommended!

Corie

I used to work for REI, hence the avatar, but dont  anymore so my advise is not bias in any way.

The REI tools are a great suite of tools but like most others have said are overpriced. The search engine is second to none and can save heaps of time and help to find properties that you would never have found otherwise. Also they provide a lot of…[Read more]

Does anybody know of any stagers in Perth?…..Not sure if  "stagers" is actually a real word but Im sure you all know what I mean.

This might work

2 names that spring to mind are Steve MCKnight and Margaret Lomas. Both these people know what they are talking about. Steve Is doing his market updates in November, a seminar definitely worth going to. I think Margaret has just finished doing the rounds. Margaret Lomas has writtten quite a few book. One of her best ones is “20 must ask questions”…[Read more]

I really cant see any difference between the offset Jamie is talking about and my CBA redraw.