Hi Michael,

That’s a great way of looking at it. I have that approach to most of the deals now. I guess a good philosophic view on the journey is helpful, but I’m still learning patience.

The amount of hours that goes into research and trying to make a deal work before finding some gold in it, can add up.

The property in question has just…[Read more]

Hi Mintpattie,

Are you asking about Ravensthorpe or the RNO 80km east of Ravie? The construction phase of the RNO is in full swing and they are still thrashing out some of the Environmental issues with DEP. The town of Ravensthorpe is pumping with all the construction teams etc. Hopetoun is going ballistic with the state Gov pouring $$ into…[Read more]

Hi Michael,

Hows tings in Bundy? It’s a great place.

Its been 18 years since I was last in Bundaberg and was unintentionally looking at land then. Unfortunately for me I got roped into one of Don Greedy’s early developments at Agness Waters and had a fight to get out. Put me off investing for awhile. I was 22 and a bit naive to the ways of t…[Read more]

Hi Don and Liz ,

Thanks for your suggestions, the areas around are either market gardens or special residential. There is a commercial building on 6000m2 which only uses about 30% of its land, the rest is an over run paddock, not much but worth considering.

Hi Del,

Yes its interesting how we can make the figures stack up when we want to.…[Read more]

Hi Marisa,

I should also add that there are only 3 REA’s offices in Esperance, with about 2 PM’s in each. We use Throp Reality and find that they are OK to average and like all PM’s in WA charge the going rate (over charge what they are worth). It appears that every time a small problem occurs they want the landlord to sort it out and don…[Read more]

Thanks Curtis for the tip. We are looking into a tier rate for various paddocks. Funny you should mention finding extra land! The land owners next door have an overrun paddock and we are going to approach them and see if we can keep our own horses there. We would feel a bit awkward using someone else’s land and be making $$ from it.

Hi Pinn…[Read more]

Hello Karinthomson thanks for your input.

I must say that the dust factor is a prevalent concern in this thread along with the manure, can say that I agree. The idea is agistment and play areas, the owners will need to hand feed on a daily basis, as my partner does at her current agistment. I guess the intention would be that the property is on a…[Read more]

The insurance you asked about Somja, its with CGU and includes $85k for building, $20k fencing, $35k bobile machinery, liability of $5mil, covers 3rd party if an animal escaps and causes injury or damage, but does not cover riding lessons. Premium $1300.41

JPD

Hello Sonja and thanks for your reply, it helps to discuss with others what alternatives are out there.

Our management plan includes the removal of manure from the small over night pens and harrowing of the major paddocks. Because of the previous land use there is an extensive irrigation system that we plan to use when paddocks are rotated. We do…[Read more]

Thanks Ibuycashflow for your input, I imagine some agistment isn’t set up as a business but just happens. We would like to combine both interest and business. We have drafted up round yards and various pens for activities and holding.

Dazzling maybe you are confused because I didn’t mention the loan amount, but I imagine when I say all out goin…[Read more]

Hi Marisa,

My partner and I have bought 3 IP’s in Esperance at the bottom end of the price range mid last year and can share our opinions/experiences.

The suburb we bought in is not all that flash but there is an effort by Department of Housing and Works to remove the old Asbestos houses and pretty up the streets.

We figure that to repl…[Read more]

Interesting to see the lack of cohesion and fear in the residential market. Maybe in a century or two the banks and insurance companies will become large players in the residential market, like in Europe. No worries then about making a decision on rent increases!

JPD

Originally posted by JPD:
I agree with Dazzling that the urban sprawl needs to slow and a more sustainable approch to development adopted. The outcome would benefet all.

JPD

JPD

I agree with Dazzling that the urban sprawl needs to slow and a more sustainable approch to development adopted. The outcome would beifet all.

JPD

No, but I wouldn’t raise the rent if the was a major and sustained down turn in the ecnomy.

JPD

Hi Shaztaz,
in our part of the world we are experiencing a shortage in rental properties with an even tighter market forecasted due to state and local economies doing so well. Even so we (my beloved and I) have written into our tenancy agreements that the rent will be reviewed every six months and adjusted to meet the current % rate of CPI (2.6%).…[Read more]

Looking after an IP yourself can be as time consuming as chaseing up a poor property manager from my experience. If you select the right property which requires little maintenance and is easy to rent out, then the hard work is done. However one bad tenant can do a lot of damage, that is why landlord protection insurance may eliminate some worry. I…[Read more]