Francois,

Here’s some decent info on Kalgoorlie from somersoft. Actually, if you look up Kalgoorlie on somersoft.com.au, you will find a lot of discussion on the place. There’s not much about it if you do a search on this Forum.

http://www.somersoft.com/forums/showthread.php?t=10001&highlight=kalgoorlie

$260 is a great yield on a 132k property.…[Read more]

G7,

Actually… check this out instead of the above:

7. Cooling off

Know your rights with regard to “cooling off”. Providing you are not within one of the statutory exceptions (one such exception for example is if you purchased at an auction) you can cancel the contract within three clear business days after signing it without giving any reason…[Read more]

G7,

Check this out:

Cooling-off period
If you buy a residential property less than $250,000 by private sale, you are entitled to a cooling-off period of three business days. This means that you are legally entitled to withdraw from the contract if you change your mind within the three business days.

A cooling-off period does not apply if:

*…[Read more]

Domo,

I’d say a good PM needs to be a skilled negotiator- it isn’t necessarily an easy job, and a PM can cop it from both tenant and owner (owners sometimes treat PM’s as their own little slaves).

I think a good Pm also knows how to treat tenants well. If I had a PM who spoke in a derogatory fashion about tenants, I wouldn’t tolerate it. I have,…[Read more]

Ronulas- big congratulations to you :o)

I think you’ve surpassed me. From my reading, you now own 4 units from this deal and another investment property- that’s kind of 5!

I’m glad you’re so excited, I love to see people enjoying what they do ))))

kay henry

Like a fiction, you mean Gatsby?

I guess what I feel about all of these books is … I imagine they are very enjoyable, and people like to read them, and learn new ways of doing things… but I do get surprised when people start *sounding* like the book. I learned many things by reading so many books (not really investment books) but I can’t…[Read more]

Grega,

Gee, your post is pretty close to an ad… Actually, the more I read of it, the more it really IS an ad, but I’m feeling strangely benevolent today :o)

grega… there’s not an entire rule about buying under 50sq metres, but 34 is a bit tiny. it sounds like a studio you’re selling (I think it must be for the size). You can buy a studio in…[Read more]

It’s Labor, folks- no u in it. I say this because it is a major Australian political party (not that I vote for them- no way!)

kay henry

Mr Recoveryman,

Here’s a way to DIY to find them. Circle all the cheap properties from each state as listed in the API Median Price Guide for states. Then go to the Median Rental Guide in the API mag. Match them up, and voila! If the rents are double the price or thereabouts (50k prop = $100 rent), then you are seeing CF+ properties.

You can…[Read more]

HousesOnly,

Voting for a minor party is never a wasted vote- of course not, but chances are, unless that candidate gets in, the vote will be preferenced to one of the major parties. There is always a chance too, that the preference will be directed towards the major party that you least want elected, too. The Greens, for example, were…[Read more]

Brent,

I don’t know if this might happen for the Perth show… but in sydney, if you buy the Money Magazine, you get a free ticket to the show in the mag. If Money Mag is sponsoring the show, then it might be the same deal there.

kay henry

Here’s the link from the other thread about Today Not Tomorrow Institute:

https://www.propertyinvesting.com/forum/topic/12094.html

kay henry

bennido,

I don’t know what a “serious property investor” is.. but I know people bandy the term about… just as they do about “savvy” and “sophisticated” investors. I think those terms are all a bit [baaa] and are intended to divide. I think all investors can make mistakes, even the “serious” ones.

As to buying on potential… well, yeah, I…[Read more]

Hey Ted,

Ig CGT was at 50%, then I wouldn’t care- it would simply be taxed the way the rest of earnings is taxed. If negative gearing was abolished, well, it would put property investors on the same level as other workers- no big deal to me. When the exit duty came in, I didn’t have a hissy fit. Check back on my posts at the time, to see if they…[Read more]

The Reserve Bank raises interest rates, and is predicted to do so before Xmas. IR’s will probably be raised no matter who gets in.

I will vote for the party that suits my political perspectives in many ways- my interest in property will not determine my vote.

kay henry

Yorker- heya,

I checked out some Rosebery homes. Below is one of the more expensive ones (quite pretty too, I think). Why I am putting up the link is because the rent is so cheap ($90 for a 3-bedder). This seems usual for the town- others have the same rent. This puts the property at about 3% yield. I know you are probably buying cheaper…[Read more]

here’s an example of land which isn’t immensely valuable. Who knows? Maybe it was only $100 per block before the boom… but would this be a good investment because of land appreciation? I doubt it. Some land- scarce land or land with great features- will appreciate, but not all land…[Read more]

MJT,

The Bank wants the name of my solicitor, the name of the RE agent, and the front page of the contract, but doesn’t require it to be signed. I am not just going to sign a contract with a RE agent before it is checked by my solicitor. Noone expects me to. I imagine my solicitor would be very surprised if I signed a contract without it…[Read more]

coops,

I reckon no vendor in the world is gonna let you put “subject to due diligence.” Things like “subject to finance” or “subject to BPI” would be reasonable clauses for a “vanilla” contract. If you are buying in Tasmania or WA, you have no cooling off period, so you have to do your checks before you sign the contract. I do that anyway, even…[Read more]

Gross rental yield >5% Well, yeah, wouldn’t it be more like >10% for CF+ ?

Quintets, I think you can get high yields in mining towns, and in outback towns where professionals work – doctors, nurses, teachers, etc. Those people generally don’t buy up for short contracts- they fly in and fly out (often to the locals’ annoyance). The properties are…[Read more]