Thank you to all for your replies. It would be great if we could get the loan on my partner’s alone but somehow I don’t think so considering our other investment loans.

My partner is on $75k and myself about $40k. We want to keep affordability and hopefully not have to sell any in order to do next purchase which we would like to do as reno-s…[Read more]

Property Wizards can also help with finding good commercial property deals for you. If you have read property investor magazine you will find that the directors of PW are very active in conducting property research and they know the Perth markets very well.

You may not have seen them advertise the commercial buying service since most of their…[Read more]

Well done Wayne!

I’m in a similar position to you, i have equity from the WA boom but cautious about my next step since the market has turned here. I’m thinking about checking out opportunities over east for better rental yields.

If you are thinking of using a buyers agent and want to continue investing in Perth, I recommend ‘Property…[Read more]

Taffy,

What is the average time to build a duplex in the current market in Perth?

Hi All,

Any tips on what to cover off in a clause to allow early access?

J

Hi Peter,

I wanted to reno and sell to take advantage of the market at the moment but taking notes from your comments, I think I will need to build into this strategy the possibility of holding if the Perth market reaches it peak and slows before I come to sell.

Like you say, if i dont overcapitalise I should benefit through increased rental…[Read more]

Thanks, I will definately speak to them when i buy something in Brisbane.

I agree with quality over price!

Its hard to tell if Perth is reaching its peak. 3 mths ago i passed up properties that i thought were overpriced (they sold at full asking within couple of weeks). And now those price ranges are long gone with people paying much more for the same type of property and they are selling within hours/days!!

Will keep an eye on what comes up in Perth…[Read more]

Thanks Stuart. Can you recommend a good solicitor in Brisbane?

Also what is the average cost for their conveyancing services?

Hi,

Double check this before you make any decisions but last time i checked a few months ago, if you have the property for less than 12mths (from contract purch. date, ie not settlement), you pay CGT on the full gain made.

If you sell after 12mths you can get a 50% reduction on the portion of capital gain that is taxed.

Hope that helps.

I would like to buy for anticipated capital growth. I have a few areas in mind and the location of the land release estate and surrounding amenities are all acceptable. What im not sure of is choosing the actual site. Things like:

* Site elevation
* facing position
* elevation/views etc

What sort of things should i look out for and/or…[Read more]

Any recommendations/suggestions of good ‘no doc’ or ‘lo doc’ (without needing abn) products in WA?

Iam in a similar situation to earlybird2.

Thanks k.

I think that will be the best. Im being extra cautious as iam not going to travel to see the property – regional, so im really relying on photos, reports etc. I will push for the report as well before making an offer.

After all they are the strata managers so they should have the report handy to just send straight away – which makes me…[Read more]

Thanks PK.

[what i should have put into my original post] –
I have a duplex in Rangeway (one of the lower socio-economic areas too) and have had it for over a year – no probs with tenant so far. I am looking to invest there again and this time possibly do a renovation to increase expected rental yield, or potential re-sell, and looking to…[Read more]

I bought 2 investment properties (post July 2000) and was still able to apply for the FHOG for my third ppr purchase. I read the fine print and found out that a few years after they introduced the scheme they changed the wording to ” applicants must not have previously purchased and occupied residential property in Australia, as a place of…[Read more]

Im actually working up the courage now, and will be discussing it with my boss tomorrow!

I agree with ‘what is the worst that could happen’ comment which brings it more into perspective.

Thanks for everyone’s useful opinions, it has helped me hearing them from other property investors rather than my negative friends.

Will keep you updated!

Well im the future wife and the one who will be having the babies!
We are actually planning a baby within the next couple of years. My partner (fiance) has absolutely no problems with me going part time, he supports me and believes in me. He does not like anything to do with property and i am the one who manages our current properties.

Im the…[Read more]

I dont know much about the Somerley Clarkson area but the north just seems to get bigger and better and just as you say with the train line and other pros like coast plus amenities it could have future potential.

I haven’t read through all the threads of this discussion but does anyone have any opinions on Geraldton. I bought up there over a year…[Read more]

Thanks for your comments everyone.

It is not an easy question to answer and all i can do is prepare myself properly. Thanks for the finance advice Richard, some things i need to consider there.

The perth market IS a tough one at the moment but my feeling is that in a hot market (if i can manage to buy well), there is a bit of a buffer for any…[Read more]