Forum Replies Created
Depends if you mean Ionosphere or stratosphere….
But its a few kms either way.Makes perfect sense to me….
Try ‘yourestate.com.au’ or ‘owner.com.au’
From memory, both free to advertise in.
M experience is that there were few enquiries using these sites, but they were an additional avenue to using the traditional ‘local paper’ or ‘local agent’scenario.I would have thought ‘realestate.com’ would have been the best place for exposure, but you need to use an agent who is registered with them.
Just curious, when you strata titled them, why did they not end up as individual strata units so that you could sell them off individually, and not only in a group of four ?
That way you could sell them to individual owner occupiers.kp
Anyway, good luck with the sales…
kp
Fair ’nuff….
Was just curious about what sorta numbers were involved.
Thanks voigtstr.
Yes I agree Sonja. ( for helpfully confusing me….only kidding)And yes I especially agree Dr.X
But I think a lot of ppl who regard themselves as investors are not nearly as analytical as you suggest they should be.Its all about the numbers ( but that doesn’t help if you are no good with numbers..)
kp
No…….must be code
So you’ve missed September, and won’t make October.
First meeting early November ( pending cancellation maybe?)Sounds like you’re off to a great start….
What exactly are you trying to achieve??
kp
Looks like the numbers have been deleted…..even if the post survived.
Now it doesn’t makeany sense at all.
I am sure a few of us would like to see the numbers to get an idea if they stack up.Did anyone see the numbers, and can they relate them in a post as a ‘hypothetcal’ or ‘example’ ??
Would be appreciated..
kp
by 2030 City centre to be complete, 50,000 plus jobs to be in place, 2 marinas.
2030 ???? I would hope we are all retired and prosperous by then…..its a long way out to project.
kp
Redwing…theres a bad echo with this post
I’ve read it somewhere else……
Anyway, ditto with my reply.kp
Sorry for being so flippant.
What I was trying to say was that you really cannot tell for sure what it will be worth in 32 yrs time…..so you have to guess, using as much relevant information as possible.
For example, historical growth for that sort of property in that particular area, any changes in the area that might impact on that growth rate, ( both upward as well as downward)etc, etc.
That capital growth rate of 5% is not guaranteed or a standard rate, but gives you an idea of what the value will be at that particular rate. Its just an example.
If you recall in your original post you said you needed to work out what your properties would be worth after 32 years…..well unless you attribute a growth rate at xx percentage, you can’t work out what they will be worth !
But you can’t eat capital growth or equity, so its probably more important you focus on what income you require to retire on ( and I don’t mean retire when you are 64!!)
If you set the amount of cashflow required to retire on, and then work out how you can build up assets and capital to provide that income, you will probably find that you can retire a lot sooner ( 32 yrs ?????….anything could happen in that time )
kp
OMG what a great nick….
The short answer is that they will be worth what the market is prepared to pay for them at that time..
The longer answer is that you need to determine what sort of expected capital growth you could expect for those particular properties, and that will depend on many things!
Can you clarify how these properties are going to determine your retirement income?
The rental PROPERTY will generate income, but the PPOR will not…( ??)Anyway, for example, if you were to get a 5% capital growth on each property, then the PPOR starting at $420,000 will be $2,001,275 and the rental property starting at $230,000 will be $1,095,936 after 32 years…
But by then, everyone will be a millionaire, so it will all be relative.
kp
Good result !!!
Well done…..we can just sense your sense of excitement at acheveing this outcome.kp
Ummmm….
When is it on ??Mummy needs to be locked up for putting adult thoughts in the mind of a minor.
A ‘fanny’ story never the less…
OK I can’t help myself…….
heel as in ‘heal’
Very funny Red
Cheers…I attended last year.
It was worth it.
I have never previously attended a paid seminar.
I am planning to return this year.
Enough said.kp
Pos cashflow??
Try NZ, US, Mt Isa or Karratha.
But not for $150k….. sorrykp
Depends where you bought.
In some places prices have not bottomed, and are still climbing.Its all relative….
In fact you can still get in and profit in the current market.
I guess it comes down to knowing your own market, and then, having the courage to act.
Persistence and action…..no substitute for it.kp
They sent you a ‘chair’
I don’t get it….
Must just be me…. or maybe its a bit late atm…I am sure you will experience growth both North and South along the coastal strip.
There is only so much ‘beach’ to go around and WA coastal land is still relatively inexpensive compared to the East Coast.
Its just going through a catch up phase, that has not run out of steam yet.
If you are from Perth,in the end it comes down familiarity as to whether you go for North or South of the river.
The coastline is beautiful in either direction.If you can’t decide, just settle in the middle and buy around Freo..
kp
Hi asdf,
Have sent you a PM.
Definitely interested in using common tradies if I don’t get the builder to do it turnkey…I need to go down there and have a look at the blocks first…haven’t been to Singleton in years.
Rob, I wrote a post in reply to your dbl storey query, but it didn’t take…
As asdf mentioned,the rent return does not justify the extra expense in going dbl storey, apart from the additional delay in construction with the floating slab, etc.The alternative is to construct the second storey with a timber floor on joists, and a hardiplank exterior, but from experience, they tend to be noisy ( creaks and groans ) and the upper floor gets very hot in summer, even with roof insulation.
I would think the only time you would go double storey is with a townhouse development to maximise living space where there is not a lot of land area.
kp
