My dad, after 12 months, has finally had his plans for a 2nd storey on his terrace house approved. The 2nd storey will have a 3rd bedroom and 2nd bathroom. There were plenty of bridges to cross such as not being able to see into next door neighbours backyard, not being able to see the side street and plenty of other, but they got there just a…[Read more]

Terryw wrote:
For starters, All loans interest only.

I have just purchased my first property, for now a PPOR but will become an IP, and am only 21 years old but I dont get the above.If your IP is +geared paying Interest & Principal then why wouldnt you do so? In my mind paying interest only doesnt make you any money unless the house is well o…[Read more]

Well I put in an offer on Saturday that got accepted todayPlace went up for sale in April for $439k, went down to $429k, then to $399k and then offers from $380k. I put in a lowball offer of $340 which was my max and very surprisingly it was accepted today!It's a street front town house, 1 that went on sale at the same time was sold 3 months ago…[Read more]

I dont really use msnHave a look on realestate.com.au and compare what similar properties in the same suburb and surrounding suburbs are asking for in rent.Theres a renovated 1 bed 1 bath townhouse up the road from the one your looking at asking $440 a week

You would be looking a lot closer at $350 to $400 a week I would think having done quite a bit of research on the Leederville and West Perth area lately

No cooling off period in WA which isnt greatIf the lender has said to me approval will be between 2 – 4 weeks and they wont budge what would be better to put on the offer2 weeks and if it takes longer to try and extend3 weeks and same as above or4 weeks?

Thanks for the reply skip,Well as it is a deceased estate and being sold by the council it hasnt been cleaned at all, there are dead cockroaches everywhere, mouldy carpet, clothes from presumably the deceased lying around everywhere, so im not really sure if this would bring the market price to far down.It will put off some buyers but the problem…[Read more]

Hey Steve,Thanks for your reply!I will be using the shared equity scheme available in WA so the loan will be 65%. 20% will be government equity and 15% will be my own deposit.I can see your point about the outside of the villa being unattractive bringing down the price. I'm meeting with the agent in a couple of days so will ask if the complex is…[Read more]

Have just found out there is a levy of $750 per owner p.a for the next 2 years to pay for the rendering of the whole complex in 24 months

Have just found out there is a levy of $750 per owner p.a for the next 2 years to pay for the rendering of the whole complex in 24 months

Your kidding arent you?

Great for mePut in an offer for a home 6 months ago that was rejected. The house ended up selling for less then my first offerNow looking to purchase in 2 – 3 months time when prices have fallen a little more

CHIS wrote:
If you don't plan to live in it, don't get precious about it. It sounds like the house will become an investment property. If that is the case, go for as new a house as possible to maximise depreciation. If you can afford anything close to the CBD you will be able to get a good rent for it. The suburb is your choice of course.…[Read more]

I am 21 and currenlty looking for my first homeI for one enjoy reading ummesters posts. Gives me a different perspective on thingsKeep it up!

What would you do if you were in my position?I have a $50k deposit and earn $50k + Super a year and am 21 years oldI qualify for the Keystart homeloan where they put in 30% of total price of the home with no interest and you can buy the 30% back at your own leisure. I put in the 50K and borrow the rest. With the Keystart loan I can purchase a…[Read more]

I'm not just looking at Kardinya or Coolbellup it was just an example of looking in 2 sorts of different placesSmaller house/block in nicer suburbBigger house/block in not as nice suburbBibra Lake and Leeming are in the same cateogry as Kardinya I think. I prefer Kardinya because its not quite as far inland, closer to Freo and beaches

Yeah I know,Kardinyas a nicer and more popular suburb but I just dont know if I want to go a 3 bedroom semi attached/attached duplex on a 300 – 400sm block in KardinyaLike this 1http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=104866617&f=0&p=10&t=res&ty=&fmt=&header=&cc=&c=78955669&s=wa&snf=rbs&tm=1216950105or a3 bedroom home on a 800sqm bl…[Read more]

Well Coolbellup is the next suburb south from kardinya and I would have a free standing house on an approx 800sqm block of land?Compared to a duplex on a 300 – 400sqm block of land semi attached/attached in kardinya

I have considered an inner city apartmentBut I did want a 3 bedroom house and any 3 bedroom apartments going to cost 400k plusAlso I wanted something with land valueThinking a duplex in Kardinya at the moment or a house in coolbellup even though its pretty dodgy

With KeystartThey put in for 30% of the total price of the house with no interestYou can either buy the 30% off them over the time you have the house or once you sell you have to give them there share back plus 30% of any profitI have a $50 000 deposit as wellThere you go