Hi Steve,The problem with getting advice from a FP (even a fee for service advisor) is that they are not allowed to give direct property advice. Their dealer group won't have it as a licensed product and if they do give advice on it, and it hits the fan, they will be left with the bucket. Hence why they will always pitch you on exchange traded…[Read more]

That's a good strategy, just stay away from brand new and look to buy in already well established suburbs (avoid house and land packages).

Hi Wade,One of my clients bought some land with the intention to develop as soon as he could, he started getting building plans together and obtaining a DA. He was able to negative gear on this block as there was intention to build a dwelling. However, the advice he received from his account was that if he did not have these plans/milestones he…[Read more]

Hi Rob,The big thing is that the Perth market is segmented. You can't compare an apartment in Perth CBD to a Town house in Maylands or a house & land in Darch. There is definitely evidence to suggest that the Perth rental market is in short supply: As you can see the rental vacancy rate is around 2.4%, a balanced market is at about 4%, so it is in…[Read more]

Taking a step back, have you looked into your strategy?The reason for this is different people specialise in different areas and just because they succeed in one strategy doesn't always mean that it would suit you.The main three strategies include:Buying and holdingFlippingrepackaging Then there are subcategories within these main…[Read more]

I have an accountant I can refer you onto. However, their firm tends to only take on client's who already have investment properties or company/SMSF structures' set-up. If you want to know further details just PM me.

We are a Buyers' Agency in Perth. Feel free to request an info pack below and I can invite you along to one of our seminars.

It depends on the inspection, if you specifically ask for an electrical they use a company called Zantornics. In all their electrical inspections it includes quotes for the work needed. To give you a 101 with contract clauses it needs to cover off on the following, succinctly and without being too onerous on the other party:– what you want to…[Read more]

Also, have a clause to fix minor defects too. I have seen too many times many minor defects adding up to being a lot. However, it isn't major defect on its own so technically it's a grey area if you can pull out. A 1960s house I purchased on a development site the other week had to have $2500 worth of "minor" electrical attention.

Oh yeah and we use a company called Resicert – they are National but have offices in Perth.

Hi,Firstly, have you put your own contract clauses into the offer and acceptance – please don't use the selling agents? I would recommend 2 clauses, first being a "get out" or renegotiate clause if something is seriously wrong with the property. Not just structurally unsound within the dwelling, i.e. if a retaining wall is falling down – most…[Read more]

Hi Chris, Is your budget, $350k including renovation work or $350K and reno work on top?Are you looking at flipping this property or holding?If you're holding are you going for capital growth or rental yield?

Hey Jack,It sounds like you have done very well repaying all your debt down. We recently picked up a Triplex site, rentable condition, opposite a park about 8k's from the city for $380k. The deals are out there to be had. They don’t come up all the time, but when they do we are quick to jump on them. I would suggest looking into the City of B…[Read more]

The REIWA stats are suggesting supply is dropping in Perth. We have noticed in the tightly held suburbs (supply on market of >3%) that properties are going under offer comparatively fast to the rest of the market. Also, price has been fairly consistent in these suburbs over the last 3 years, were as the higher supplied suburbs have seen drops of…[Read more]

There is also a group called Active Property Network.http://www.activepropertynetwork.com.au/perth.html

It depends on if you're looking to hold or sell. Paint will have to be redone every 5 or so years. However, I think at the start it is aesthetically nicer.

You should speak with Aaron Sice, I know that he has organised things like this in the past.http://bluecardindustries.com/

Hi Andrew,I'm always looking for trades. I'll save your details.P.S.Do you have your own licence or working under someone elses?Kent

The short answer is yes.

My vote is with a Buyers' Agent and that is Metropole. They don't even compare as competition, one works for you the other sells you stock. If you have enough equity you would be able to finance the BA fee into the deal – this should help with cash flow.