Forum Replies Created
Hi Wayne
You may also want to consider timeframe, beginning to completion of project, my IP also in City of Stirling (duplex block).I was advised by builders that it would take upto 12 months to build two dwellings. These were larger building co.
About $120,000 each house, this was a package and included all associated costs. This was quite basic 3×2 dwellings.Cheers
If you want any further details PM me.
Wow, last time I made enquiries regarding using salvage yard was around $7,000, I wish it was for free.. I dont think in WA though…[eh]
They make their money selling building structure etc, I imagine there would be enormous labour/disposal costs involved too.Hi Jo
I like this question as it gives everyone an opportunity to focus on goals.Real estate in WA is not flat, still moving ahead. Plenty of opportunities at present.
We are also looking at purchasing another IP. In process of doing the ground work.
Also trying to expand our business which is very exciting. Our business is closely linked with the resource sector. This will hopefully open more windows of opportunity.
Cheers[exhappy]
Thanks Derek, good idea.
Derek, one for you, how do you find out the vacancy rate if there are no agents in the town who manage properties? This is what I am now facing…. any suggestions?
Hi there, It depends on which way you want to look at it. I think power lines are a negative, but could be used as a negotiating tool to reduce price.
However when you go to sell, I expect the same will happen, it will affect the resale.If you are going to lose sleep over it, not worth it, I would try to find another IP without powerlines.
Cheers
Kay, after reading your post I would not fit out. I agree this would suit the executive type/up market IP. This definately aint that.
I think I’ll stick with upgrading security. Got a price today for $350.00 for window locks.
Cheers, thanks for your ideas, very much appreciated.
[exhappy]
Hi Derek, thanks, food for thought. I have heard that there are many students renting in the area now.
At the moment I think security screens would be a good option. Will discuss with PM.
Have a nice evening, cheers.Thanks for suggestions Melbear, it probably would be at market value at around $170-175 so I have been told by pm. Already have pergola.
I am thinking up getting quote to change kitchen cupboards, depending on what it comes in at. The kitchen good to with a revamp.
Cheers[exhappy]Michael R, summed it up perfectly, well said.
Hi Redwing,
I understand what you are saying however I would not like to compare Beechboro with Wagerup, quite a bit different.
Caustic leach dams in Wagerup. Smelter belting out pollution. Periodic negative media coverage regarding same. A little risky for me.
I personally would not be comfortable buying in Wagerup for reasons stated above.
I did however mention Pinjarra, Waroona which may be worth looking at due to this expansion. They are nearby….I dont have a crystal ball, who knows, I only buy what I am comfortable with.
Cheers.[exhappy]
you could do a search for posts from Westan, Minimogul, afloat.
CheersWhats wrong with:
1. Save regularly
2. Learn as much as you can
3. Watch every dollar
4. Have the right attitude
5. Use someone elses moneyIsn’t this fundamentally what most people here are doing to achieve financial freedom.
The article “how to retire a millionaire” sure appears to be a little outdated and whether you achieve more or less than 10% soley depends on knowledge, risk, luck, equity etc.
Would NOT want to buy in Wagerup.
I believe this is the third expansion since 1984, last was at a cost of around $800 m so I have been told.I dont know whether anyone would like to live that close to an aluminuim refinery. Not a HEALTHY lifestyle.
Pinjarra or Waroona may be far enough!!Hi there, I believe that 1hotvaluer also has a partner, could be similar situation. I recall her mentioning that this has worked well for her, you may like to PM her. Cheers
Yep, well we have to get broad band I am spending too much time on this forum and NO ONE can use the phone. But that will change in 1 month when we are hooked up, and I can have some peace. Still got a numb bum….. (my spelling is bad??)
Aussiemike, Perth is really going strong, whenever I contact a real estate agent regarding an IP I may be interested in they spill the beans on all THOSE EASTERN STATE INVESTORS buying big (not less than 5 properties in one hit) on this particular day……
HI Brahms, you must be dreamin’ I suppose your really not the zoning fairy.
Anyway, my needs are modest I would be happy with increasing rent to say $170 PW.Thanks Dreamcatcher, I have looked into development options. I would only be interested in this option if I was able to build two new homes (3×2), I do not want to retain the original house. The figures do not add up at present anyway. Thanks for your reply.
Hi Derek, the area is Westminster, WA, which you would probably know well. Its a 4 x 1 in reasonably good condition, and has a wretched pool (you heard about that one). Also the Lock up garage. New villas in the area (3 x 2) achieve about $200 pw.
Thanks for your helpHI Redwing, Agree with you, have just put the rent up …. things are looking better..
Hi Monopoly,
sorry I was not particularly clear in my post – I stated was desperate for funds.
I would like to increase rental return on IP which is currently $160 pw and costs me approximately $4,000 pa.
I am really trying to achieve a greater return than $160 pw. Looking at ideas from people on ways that I could improve this situation.
It achieved approx 30% capital gains in last 12 months and looks like no stopping this upward trend. This is one of the reasons I would not sell.
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