Hey Suzieq
I think you could be on to something, those well paid mining jobs in WA helping to keep our market hot
Cooks, cleaners earning $100,000 pa (NW)- front page last week.

I dont think it could get much better in WA that is – Resi/CIP/IIP all booming at the same time.

M

Clones
people sell all the time for many reasons.
Dazzling is simply providing details and those interested need to to work out whether in fact this is a good deal.

From my limited experience I would only be interested in IIP/CIP that can accommodate a reasonable size business.
This may be a simplistic approach, however If the business is too…[Read more]

Hey Mei
I have similar in Westminster.

Before putting pen to paper I would look at similar developments in area, what sells, stats, for villa etc, design/sqm2.

Chat to as many RE agents as you can, find out what is desirable in area. I have a good contact in area, he buys, sells and knows it very well.

I can also give you the name of…[Read more]

Hi Steve
thanks for the forum.
I must admit though I preferred the old format layout.
As mentioned before the font is way too small.
Cheers, Marisa

Hi Pudestcon
there is a similar thread regarding this, ie filing paperwork – you may want to do a search.

I actually use MYOB which is an accounting package, probably overkill, but this package is brilliant. Allows me to keep track of everything.
I just pass CD to accountant at end of each fin year.
M

Hi thinkbig
I like to stick to (traditional blocks), a minimum of 600 sqm2, 18 mtre frontage.
This will allow me to build the 4×2 – 200+sqm2 home + double gargage.

I always ask RE agents what sells well, and I also look at what the average person/family wants in the particular area.

I am not too keen on building on cottage lots as an investment…[Read more]

Hi Redwing

Stats still showing most areas doing well which I expected.

However, that morning I heard Craig Turnbull stating that there is evidence that the WA market is actually slowing down?? he did not give any details why.

He also predicted at least another 12 months growth 10-15%. I dont actually follow this guru maybe other formites might…[Read more]

Hi Red
Wow, I posted this in Feb, lots happened since then. I think I am actually a different person since posting that one.

I spoke to Steve about 5 months back and he sent me spread sheet/information. At that point in time there was no proposed seminar for Perth.

I have read about this Seminar on SS and was planning to contact his office to…[Read more]

HI Redwing
I have properties in North/South.

Druitt service all areas in Perth metro.

They also provide an extensive profile on each PM including details on experience, years of service, their background.

If anyone is interested I recommend you view their package.

M

Katfrat, I have recently gone through this process.

I think the list that Michael has posted is excellent and I would be using this as a guide.

My previous PM did not even have a system in place to establish whether a tenant is in arrears.
I suspect this is probably not unusual

Good luck

Hi vyvyen
As it is a sellers market over here I cant see the owners dropping that much. Also this area is in high demand, they really dont need to drop.

I am not going to be very helpful, but is there any chance whatsoever of raising additional money, selling off an additional IP?

I believe if a property is unique for whatever reason it is worth…[Read more]

Mei,
I gave my useless PM the flick and am now using Druitt.

For those in Perth having problems I thought I would mention that this group is very slick.
They employ 6 PM and have 600 properties around Perth.

Also, I was able to negotiate management fee of 8.25% very happy.

Congratulations Dazzling its great to get some positives.

We are still looking for approx 600 sqm2 factory unit.

Would like your comments on the ugly ducklings in Bayswater???

There was an article regarding this in Wed’s paper.
Super fund is actually subsidy co. of Mirvac Fini.
They quoted returns of 18% pa.

$200,000 makes it a little hard.

I would also check the reiwa site and look at areas which have a median price of $200,000 and less and also get details on rental returns and profile on area.

If I was looking in this price range I would consider:

Balga (it would be a reno job)
Midland (probably villa)
Midvale
Bellevue
Hillman

Happy hunting

You may want to contact Council & various government departments as I know they are pumping money into this area, always a good sign. I have heard of many projects, but I have not specifically researched this area.

One project I know of is expansion of Armadale-Kelmscott Hospital I believe to 300 bed.
Hegney valuers have stated that this will…[Read more]

I hear what you are saying, however this is not the norm.
As stated the RE agent is family friend (20 years), I am prepared to tread very lightly. We presently have the RE on our side and this may just get us over the line.

The owner has a couple of conditions which we can meet and I am very hopeful.
Appreciate all your replies.
Cheers, M

Thanks for replies.
My husband is going to see the owner of property this morning. Will let you know what happens.

Hi Redwing,
That was fun !!!

“Ruby star”

Infrastructure will eventually improve and I have no doubt that in years to come these areas will change dramatically.

Partly due to the Mandurah Council Coastal plan which has approved regional beach for this area 1 km (north) from Madora Bay tavern. All this land I believe is owned by H&R Perry and will be developed jointly. Eventually there…[Read more]