Hi Aidan,

The last three years (in general terms) have been pretty average in many areas – so take the so-so performance of the property with a grain of salt.

If you do sell you'll crystalise your losses – can these losses be used to offset any capital gains you may have. Note I not advocating selling a performer to neutralise an…[Read more]

Agreeing with others – not a good investment.

If banks require a higher deposit (see Terry's comment) then it means the banks have determined this type of property to be high risk. If they are risky for a bank then, by extension, they are risky for you too.

While chasing cash flow is understandable don't forget to make sure the underlying…[Read more]

CharlieJoe wrote:
  She said that the government would give me $98,000 paid over 10 years at $9,800 per year, to invest in property. She said the properties were "all over the country" and the consultant would explain exactly where they were at the "information session".

Hi CharlieJoe,

Sounds like NRAS properties – which basically a…[Read more]

Hi Kristy,

Good to hear from you again – often people come on, ask a question, never to see or heard from again.

Sounds like you have managed to turn the ship around ever so slightly. Good on you for doing so.

As I suggested in an earlier post it may also be to your benefit to submit a PAYG tax variation – depending upon your situation and the…[Read more]

Hi Corie,

Report in this morning's edition of Perth Now (Sunday Times online daily version) certainly casts some doubt on MAX and to a lesser extent the Airport link.

Report here.

Both projects were promised in the expectation a 'lot' of federal money would be forthcoming. The 'lot' hasn't been forthcoming and the time for delivering the money…[Read more]

Hi Bruce,

Given the Federal Budget last night the two rail projects I expect we won't see light of day for approx 10 yrs. 

If you have identified MAX and the airport rail ink as 'look for' factors make sure you find out when they will be built. Mind you MAX, in particular, runs through good areas anyway and MAX may be the icing on the cake.…

Hi Dave,

Love your commitment – this will put you in good stead moving forward from here.

I am not a renovator so take what I say with a grain of salt but if you have learned 'something' from your first effort then you are on the right track. In my opinion those who claim never to make a mistake aren't being honest with themselves.

There are a…[Read more]

A few web pages that may assist you.

Historical price data – http://reiwa.com.au/Research/Pages/Price-growth-by-suburb.aspx

Suburb rental information – http://reiwa.com.au/Research/Pages/Perth-Rental-Data-Search.aspx?reg=perth

This page – http://reiwa.com.au/Research/Pages/Market-indicators.aspx – links to stats for regional areas too.

Hi Propty,

Drouin was always going to end badly – especially when you were trying to flip the property. Small market, finite and unforgiving timeline, and risky strategy. For these reasons I, for one, certainly wouldn't be making all future investment decisions based on your Drouin experience.

Perth is a major capital city and many of t he key…[Read more]

hemi3000 wrote:
it's like buying oranges

Or, ………………………………… lemons.

It seems as if not all professionals are created equally.

This example is a case in point to show that while we should defer to professionals for advice it also pays to 'know a bit' yourself. 

Couple of possibilities.

Shreeve & Carslake (S & C) in Herdsman Business Park, Herdsman and the other Sondergard and Associates (S & A) in Hector St Osborne Park. Both very accessible off the freeway.

I use S & C for my personal stuff.

Came across S & A when looking for SMSF and JV developments advice. Meeting them next week again to explore…[Read more]

North or south of the River?

Got a couple of options north of the river.

davejohno wrote:
We don't want to make a huge amount of money off them but any money made, is taken up buy stamps, holding and selling costs.

Hi Dave,

You haven't stated your 'target figure' and it would be interests to see what you are aiming to achieve.

Have you considered the cost of your time in your profit/loss calculations?

Reading…[Read more]

Hi Bruce,

I would be looking at your budget and trying to get something in 'closish' proximity to the railway lines running out from Perth. Match this up with proximity to employment nodes and you'll be on a winner.

REIWA recently (Jan 2013) released a socio-economic report showing the reduction in 'large family' households and the increase in…[Read more]

I am not sure the American economy could sustain a lengthy period of conflict – Afghanistan and Iraq sucked much of their reserves dry.

Korea V America will make Iraq and Afghanistan look like an argument between kids.

Hi Mizfitz,

Various 'gurus' get asked about from time to time on this forum.

You'll find a swag of discussion and comment on this forum by using t he search facility located at the top right hand corner of your screen. Plenty there and you'll be kept occupied for hours.

Hope this helps.

wanttosuceed wrote:

Fears for future financial stability have recently become a reality when our parents were denied a retiree pension a few years ago as they have two properties and no morgatage. The houses (one in Guilford, one in Albany) have been on the market for a number of years. Albany has been in the family for generations but is empty…[Read more]

I'll try and break things down into more sizeable chunks so my answers make more sense.

wanttosuceed wrote:
Were desperately looking for some direction or advice here. My partner and I have recently purchased our second home and jumped into the world of investment.YOU ALL STARTED SOMEWHERE…..WHAT HELPED YOU TAKE YOUR FIRST STEPS?

We are a…[Read more]

Hi Matt,

This one – https://www.propertyinvesting.com/product/0-260-properties-7-years