I find all these property managers to be as bad as each other, especially if they work for one of the big real estate firms – once you hand over the signed agreement and they get their commission, they are reluctant to do anything.
Does anyone know of any family run business around perth with good reputation as property managers?

just checked the lease. It states the tenant must pay for the gas.

in WA. Have checked with the strata and they cant send a copy of the bill to the tenant. It has to come to me unfortunately.

thanks i believe a good broker is vital, because I’ve only had one so far but since then I’ve learned i could get better deals elsewhere. its all a learning process, the more knowledge you possess the more power you have.

I settled on my current property two months ago, but I bought it off the plan and it took 2 years to build- im sure its worth about 50-60K more as I bought it for $349K 2km out of the perth CBD. You really have to look at the numbers, as people will tell you that off the plan is a bad idea. But as you can see Ive had excellent growth from buying…[Read more]

I settled on my current property two months ago, so no capital growth as yet.

Yes my first property i bought as a house and land package, 3 years later the suburb developed a bit and I sold it for a handy profit.

Hi Ash, the purchase price was $338K, so closing costs should make the property about $354K.
As you can see I would have to use my own money to pay off the equity loan – roughly $3k in my example. So I would eventually reach my borrowing capacity.
The ideal scenario is what Benny was saying, to aim for a rent of 450+ so the rental yields is…[Read more]

As for the westnblue story, do you think his high rental yields are constant year in year out? If he’s bought in a mining town then perhaps the rental yields will decrease once a boom has finished – hence why hes only fixed his rates for 2-5 years.

Hi Benny thanks so much.
I read both posts. I now realise that buying a $338K place for about $330/week is not ideal on a $200K loan. It would be much wiser to haggle the price to $318K, and aim for a rent of $350 upwards. At least then I’ll be heading in the right direction

Hi terry they were the fees charged by my settlement agent.

Thanks, even the fees charged by my bank from paying out the loan are capital costs?

So your saying the fees charged by my settlement agent are not tax deductible, but the ones by my bank are.

Thankyou

Sorry but I didnt really understand your answer.

thanks but the information you have given me I already know.

thanks yes ive been doing some research on the internet and consensus is if the property is for investment purposes then there shouldnt be a problem.