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Hi
we are primairily Queensland investors but have recently purchased in WA, in an excellent coastal town two hours south of Perth called Bunbury. We purchased a triplex site with house for less than 180k including costs It has a current tenant in place paying $150PW which is okay because we are primarily after cappital growth. A large area close to centre of town called Carey Pary which used to be Homes West accomadation has been rezoned into triplex and duplex sites.which is not to bad. Bunbury has one of the fastest growing populations in Aussie, has a large port were huge amounts of money are being spent on upgrading facilities. If you are interested in Bunbury you should also pick up the latest API magazine which goes into more detail about Bunbury. On a side note we found an excellent agent in Bunbury who has been one of the most helpful we have ever come across.If you would like her no feel free to PM me.Good luck with what ever you decide
Happycouple
The More IP’s The Better
Hi,
I personally find that the quarterly Queensland Property and Lifestyle magazine by the REIQ is an excellent resource that contains excellent articles as well as Median price sales data for units,houses and vacant land,as well as weekly median rents for suburbs towns etc in Queensland. You can contact them on 07 32497307 or http://www.propertylifestyle.com.au
Regards Happycouple
The More IP’s The Better
I have been to a meeting of the investors club in Ashfield in Sydney, When I lived there, they seem to be a interesting bunch of people BUT they concerntrate on buying properties that are brand new and only go for alot of capital gain and depreciation( well the poeple that I met did). So its different. And you are right Redwind they do charge for their services and they charge the purchaser a percantage of the purchase rpice buty they have a minimum of approx $10K ( again just what I have read on the emails that I recieve from the group that I met) BUT what they dont tell you is that they actually work in with developers and they get a fee or “deal” from them too!, So its kinda of like having their hands in both cookie jars. ( I found this out by doing some digging of my own)
(By the way its illigal for Sales Agents and Australia to get two fees from the one deal, but they seem to be able to do it).hope this ironed a few more truths out.
HC
Inter Continental Hotel on the rocks side of the city. There are 2 entrances to it either from Phillip Street or Macquaire Street. Dont know about parking but I would not assume it is included.
It starts at 9am BUT its best to be there at 8.30am to get tea and coffee and a good seat!..
Have Fun and if you find a guy named Andreas Holmes,( he is the other half of the happy couple) tell him thanks as he told me to find out for him as well.
Happy Learning
HC
Yes, This is happycouple we are in the Gold coast and would be interested.You can PM me. Anyone else out their?
Looking forward to hearing from you.
Thanks HappycoupleOk, So you are not a customer I suppose. I wonder if anyone else here is?.
Sounds like an interesting company to watch out for as well.Do you know if they are trading on the ASX?
hmm. So how many people here are actually using their services????? Anyone??
[suave]
Hi Landt
Glad you asked because a little while ago i didn,t either. Management Rights is were you purchase a unit or townhouse within a complex as well as the right to be the on or offsite property manager for the complex. In other words become the rental property manager for the complex. You duties include letting out of units etc (for which you get paid the one weeks letting fee) You also get a management fee for collecting rent, organising repairs etc (usually 7.5% of weekly rent) As well as this there is a Body Corp salary paid to you for maintaining of common property eg mowing of lawns. Depending on the site some people can rent out their unit for extra income. So for some on going work you can take a property in a high growth area and have it be cash flow positive. Depending on how much money you have to spend and your time commitments you can do this as a job and earn very good money. Complexes are generally of two types holiday and permanant, holiay is were you rent out to tourists ( more time commitment involved but rewards are generally higher)and permanant were you do 3-12 month leases therfoe less work involved. I could go on all …day,but i hope that this has been of some help.
Kind regards Happycouple
hi
you could investigate the suitablity of purchashing management rights (permanant or holiday) this includes a realestate component which you can live in or rent out (permision required from bodycorp) and also a bussines component which gives you the right to be the on or offsite manager for the block of units or townhouses you purchase in. You recieve a body corp salary for maintaining the common grounds of the complex.The salary is proprtional to how much work is required.You also are the letting agent for the complex which means that when you rent out a unit you receive the letting fee usally the first weeks rent furthermore you also recieve 7.5% (generally) of all the further rent received for being the onsite manager which involves collecting the rent,attending to broken taps etc by calling trades people etc.You act as the rentel property officer for the site and this can be quite rewarding. you can earn as much or as little as you are comfortable buying or/and working
