Hi Jarred,
I live in WA and bought my first property at age 21. That was a loong time ago lol.
if you are interested in the Rockingham area, join our FB group Rockingham Property Investors, WA is very cheap at the moment, not sure when the tide will shift, or even if WA is a good hold and wait, but I have several IP’s near the beach. Times are…[Read more]

I’d like to explain further. I have other properties which stand alone with other banks. I didn’t have any funds to pay the deposits on the last three purchases and cross collaterisation was the only way to move ahead. Needs must. I’m aware of the risks and will refinance once the properties have increased enough to stand alone. If there was…[Read more]

I’m not sure if it’s a similar thing, but I always use Property A for equity (PPOR) and as I have three properties linked, the bank then links all four together so any and all of the equity can be used across the four. My bank does a master limit which puts them all together and you can sell within this bandwidth. For example, two of my loans were…[Read more]

Interesting question, now if you sold in a couple of years could you then claim the amount outstanding/remaining on the depreciation schedule in full, to reduce any capital gains or is it lost?
Thanks

Thanks again to you both, I started buying up the units as they came on the market with a view to increase the number and perhaps develop later on. My thoughts at the time were for double stories as some would get sea views. I didn’t know about the extra special zoning David, thanks so much for finding that out, if anything it makes it an even…[Read more]

Thanks very much for your advice. I have four villas in the same complex, two of which are furnished as short term accommodation and do well as we have the Navy on our doorstep as well as others who fly in to do business here. I received news this morning that I have a tenant for the unit I’m selling and they are aware that it is up for sale so…[Read more]

Hi David,
Thanks for the feedback. I have an older 3×1 villa which sits behind beachfront homes on Rockingham Beach so excellent location, 5 minute walk to the cafe strip and public transport. A great garden so those not wanting apartment living would usually find this attractive. Tenants moved out three months ago and the agent has had it open…[Read more]

Morning Ms New,
I live in WA and love it here. There are definately good and bad pockets but you need to look at what the local councils are doing about it, infrastructure spending etc. If you are looking for long term growth then a demographic can change over time and getting in at the low level can reap rewards. Personally I love Rockingham, as…[Read more]

Hi Connolly, how did you get on, Im going be starting a Reno in Rockingham shortly. Am interested in decent tradies if you used any you could recommend?
Thanks

I started the process of refinancing 5 IP’s in August last year and had no idea what I was getting into. I thought it would be a quick process to move from my bank because it had put a $2m maximum total loan policy in place which stopped me getting a new loan, even with appropriate equity and serviceability. Last week, 4 banks and 4 (free) total…[Read more]

Hi,

I subdivided the same size block about 10 years ago in WA. Here’s the link to my blog which may help you in what needs to be considered. Please note it will be different in different states and might now be outdated. If I can do it anyone can. The original house (owned by my mum) sat on the back of the block.…[Read more]

Hi, I use Dale Norman from BDR Business Accountants based in Mandurah
T: +61 8 95351566
Email: [email protected]

I've used Dale for my tax returns for around 8 years and he has assisted me with CGT on sale of properties and depreciation queries and the set up of a short term accommodation unit.. Dale has been able to answer all of my…[Read more]

Some property managers are charging a flat fee which includes all letting fees, marketing, inspection fee’s and other admin charges. The ones I’ve heard about are around 16%. DHA charge 16.5% which makes them competitive however Defence housing’s prices to purchase are usually higher than market value which often makes them not as viable as normal…[Read more]

I recently had issues with my RE withholding funds on sale of property and contacted Arns and Associates in Perth City. They were prompt and the issue was sorted out after a phone call from lawyer to RE. I was impressed by their professionalism and the speed in which they got results. Hope that helps

HI, I don’t quote how much loan I’m going to take out as it gives the seller an idea of my financial position and could work against me in negotiations if they think I have funds available. Alternatively it could work the other way if they have two offers and and there’s a chance you couldn’t get finance at 100 or 110% so they may go for the more…[Read more]

Hi, I recently sold 4 units in Geraldton. I don’t live local so having a good property manager was really important. I used Geraldton Property Team, used to be Roy Weston. I found them good, however had to get onto them now and again and rang around to get my own quotes sometimes. otherwise though, over the 4 years I used them I had no major…[Read more]

Depending on your budget and the look you want you could check out the local paper's for people ripping out their kitchens to update. A few years ago I bought 2 solid jarrah kitchens for $250 each (I bought one of them just for the benchtops) and put them together to make a large, flash looking kitchen. The house style was older with wooden…[Read more]

Hi,
this one is right up my alley. I have a block of 4 units in Geraldton wa. there are no strata fees. I am in the process of making the two titles into one then into 4. its the only way the council will let me do it. they’re on the market now, if I get no offers then once the subdivision is finished I’ll sell them off seperately.
here’s the link…[Read more]

thanks Elka,
The units are on two seperate titles, each 1000sqm, and can’t be sold seperately.
I’m in the process of amalgamating the two blocks into one, which has just been approved by the WA Planning Commission, then I have to apply to have the 1 title split into 4. I’ve another 9 months to wait for the process to be complete. It seems a funny…[Read more]