Hi All,
I purchased a 4 x 2 about 60 days ago.
Price: $330000
Rent: $400.00 per week

Being about 5 years old, it’s nearly cash natural after depreciation.
[cigar]

David

Hey Red,
I currently have a few property’s out here and the growth of late has been quite good. If you are seriously looking at purchasing in Kal I would recommend a 4 by 2 as currently there is not too many available for rent. Also look at buying in Hannans or Lamington.
ps i live in Kal[cigar]

David

Buy large quantities, & sell smaller quantities! [cigar]

David

I looked at some on the market in South Perth & found the following:
• The returns were not flash
• The bank wanted a huge deposit
• The past growth was average
• The future growth was very speculative

Subsequently I spent my money elsewhere.
This topic was discussed recently & there were some very informative posts.
You may want to do…[Read more]

You could try Ebay if you are willing to spend a couple of grand.

& Thanks, I’ll have a bottle or two of red!

David

Management fee – 8.8% of annual gross collections/annum
Property condition report @ commencement of each tenancy – $99.00
Final Bond inspection @ termination of each tenancy – $88.00
Routine inspection reports – $49.50 (every 3 months)
Postage/petties etc – $9.90/month
Advertising up to $220.00
Fixed management fee – N/A

The above is very similar…[Read more]

It looks a little suss to me. Not only are you hoping, praying & pleading for capital appreciation, you could find yourself in serious debt should / when interest rates rise& or the capital growth is not what was initially expected. I would be interested in some of the more experienced investors’ opinion on this type of product.

David

Hey Scott,
I didn’t realise the other members were talking about a local PI member. Please email me your pricing schedule & company info, as I have recently purchased another property & will be requiring a D.S. by years end.
Cheers,
[cigar]

David

I have been using Terri Scheer. I haven’t needed to make a claim so i can’t realy coment on their service.

David

Hey Cata,

Just remember, in two years time you will look back & realise it aint all that bad. Trust me…….. Been there done that.
Hope all goes well.

[cigar]

David

Recently I have been using Deppro. Can anyone shed light on the benefits of changing to the previously mentioned QS supply company?

David

I usually won’t consider a property returning less than around 6%. The average return for my Kalgoorlie properties is around 6.5%. Feel free to PM me if you would like any additional info on the area. P.s. I currently live in Kalgoorlie. [cigar]

David

I have mainly concentrated on purchasing properties with long GEHA leases. Although the rents are slightly lower than on the open market, they do offer stability & a guaranteed income from a government department. I have also noticed that the majority of people renting like to live in the northern parts of Kal (ie. Hannans, Piccadilly &…[Read more]

Hi Dave,
Some companies only pay super on a standard 38 / 40 hour week, while others pay super on all hours worked / total gross earnings. It should be outlined in your terms of employment.

David

Hi there,
Currently I have a few properties in Kalgoorlie, & although they are not quite CF+ I have received good capital growth.

David

I drive a company Hilux. I would like to buy a nice bike at some stage. Maybe a hog. I would like to buy a few more houses first.

David

Hi Peachy,
Although my total property purchases are minimal (less than a hand full), I have made successful offers at the asking price & up to 15 – 20k less. It really needs to be done on a case by case basis. I would also be interested if other have a general ‘rule of thumb’ so to speak.
Good luck either way

David

Good point TracyD,
I think your spot on.

David

Hi Istreet,
My advice would be to discuss this issue with your bank.

David

Thanks Crusher,
If anybody else have any feed back it would be greatly appreciated.

Regards,

David