Forum Replies Created
y not go for something older cheeper that will standout with advertising a hx 2 door monaro can be picked up for around 8 grand, plus will stand out with sign writing, even a torana or other aussie clasic icon will get attention to your dads company logo. Whatever you decide make sure you buy the property. Property is the fastest and safest way to wealth provided precaution and research is done.
hi thankyou all for all your advice. Yes mum relocated a house to a block she sold a year ago. NZ is very mountaious where she lives and it it can be a huge job getting houses up and down mountains even in peices. I think she will sit on the block and wait for the area to be built up a bit more. I spose no point in building a 1 storey if neibours build out the veiws.
merry xmas[elf]why not build 1 unit to completion and use it as the “display Unit” people will probably be mor ecomfortable parting with the cash if they can see somthing tangiable.
ohh i forgot to add commonwealth has 15 yr fixed at 7.96 % for anyone highly geared and wanting future security in rates.
I am thinking about doing this even though few people think it is the right decision…but it will enable me to untangle the loans and have them only financed by the 1 property. currently each is secured by eachother.
A good way to save is to put off buying what you want for a week if you still want it buy it… i supprise myself on how little i really wanted it.here is a good way to “make” money…get a job in a regional centre and your employer will often pay for your accomodation or give you subsidised rent. I work for a shire and my 3×1 costs $99 sallary sacrificed. Rents for a simular place here would be $350+ (karratha WA) even some govt jobs provide housing like teachers etc…
jan sommers books are great and easy to read eventhough they are a little dated, but full of wizdom and good ideas. most librarys have her books i thouroughly recomend “story by story” (100 short true property investment tales) fantastic to read before bed. Each story is about a few pages long.
Owning ip’s gives a feeling of pride accompishment and security for my financial future.I live in Karratha 225 km south of port hedland and i think the property market will continue to be strong here due to the diverse infrastructure and port facilities in Dampier. Whatch hedland prices drop with the uncertainty of the bhp brickette plant.
nothing is done for free. I am not a member of any investing group and think that the best way is on your own with advice from forum such as this, but remember to take all advice with a pinch of salt. My question is if investing groups had positively geared props that were soo good why sell them to the public??? I would sell to family and friends only. There is no such thing as a free lunch… as i have found at 4 “free investment semenars” you pay for it in the inflated purchase prices etc… Marketing is not cheap someone has to pay and it is always the consumer. Do it on your own the only person you need trust is yourself.[biggrin]
zen i have a ip in craigie i paid 135k 3 yrs ago for a 4×1, i have rented it out for 180 pw and got bad tenants both times, 10k worth of damage and insurance not paying out…anyway thats another story… craigie is so close to joondalup (straight down eddystone ave now les then 7 mins), not only beach ,transport + shops etc. Fantastic growth, i am hoping it will do a scarborough and become a trendy area, and lose its poor reputation. Good tenants have been my only complaint with the area. by the way you could probably buy a 3×1 house in joondalup for 240k or a 3×2 villa. I dont know which would show the best return???[confused2]
I think that the easten states markets will continue to fall and stagnate for a few years, share markets will be the big winner for the next 3-4 years it so cyclical. I still recon there is still value in sa and wa ip’s and they should continue to grow in value. If interest rates go up so dose the competition for rental property, first home buyers become wary of investing due to market hype on interest rates. So if rates go up so do rents (supply+demand). Just my future prediction.
Do your research buy in a suburb that is surrounded by presteigous suburbs, ie scarb (7 years ago a dole bludgers paridise cheep rent and surf) surrounded by city bch+trigg. I have had super growth out of my 3x1villa for 126K ip 7 yrs ago. Now places like craigie,and balga and clarkson once had a bad name but will continue to produce good growth in my opinion. I think anywhere less then 10 mins from the beach will= big returns. Also look at places in or close to majour regional centres joondalup,city,rockingham and even midland i spose.
pet bonds are the way to go it can cover any damage to plants lawns etc. It is also a good way to retain and atract tennants. We have 4 ip’s and ask the perspctive tennant to provide pet referee’s from friends and preferably from past landlord(s). It may sound funny but people understand and seem to like the fact that you are treating their animal as part of the family unit in deciding on their tenancy application.
I think reds comment was hard. You need to do your research,find out how much you can borrow, then search properties on the net and at agents windows and look for a nest egg, as the egg grows in value use the equity and borrow borrow borrow. make sure you do your figures and do not take realestate agents expected rent return as gospel. Good luck on your wealth creation journey.
Yes business can be a good money earner. Property allows peace of mind and a “passive” income stream. It has been the vehicle of wealth to the masses, it has histoy positive growth. And at the end of the day if we ever see another resession people will eat out less but they will always need a home. I would imagine that the rent in a great location would be high because it would be owned by a property investor who wants an income without going to work for it.[medieval]
hi
i want toMy partner was a property manager for numerous years, terri schere insurance was great with most of the claims being paid out.
We have 4 ip’s and are dissapointed with the lack of customer service from a more well known company (E_ _) we have tried to change our postal adress 3 times with them but they continue to send the renual to the properties insured… Plus we were knocked back on a valid claim 8k of tennant damage +unpaid rent.
They did not know state specific law (regarding to W.A.fences)my partner challenged them on this and they paid for the repair,eventually.hi
I live in a country town and all our government workers get housing supplied by Geha govt employee housin authority maybe google it.
good luck
luke[cap]It may be an idea to see if you could get enough equity to keep your existing as an investment property get the capital growth on both properties if you can manage them both with the help of tennants rent.[blink]. just an idea
luke
also it will save you the selling costs so you will be up for the purchase cost(stamp duty capital gains tax etc) weather you sell or not.[blink]
look at mining towns I live in karratha and a 3×1 rents for 350-450+ for a duplex half!!!! mining towns with lager populations should be good earners. big wages= big rents.
hope this works as it is my first post.
