Forum Replies Created
Hello there, my management fees are 8.5% inclusive of GST and I live in Perth. Shop around.
(Century21 Mirrabooka)Good luck
([aacool]hello everyone, thanks for the advice/suggestions. I spoke to my PM today and the tenant is quite happy to pay $160.00 and requires 60 days notice (as per lease agreement).
I have decided to upgrade security as a trade off which I think is a win win for all.
CheersHi there, I think I have asked very similar questions and even more than once. Check these out.
Also you might want to look at Geraldton, Kalgoorlie, Karratha.
I have actually gone off positive geared properties, just dont feel comfortable with these areas…
Good luckThanks Derek, very interesting information…. will look at the areas you suggested.
Cheers.Hi there, agree with Derek’s comments, however if you r looking for +ve property I dont think you will achieve this in Bunbury as prices have taken off. However, you will generally get a better yield return than Perth properties. Are you interested in land and house packages, as you can pick up a cheap block of land (Dalyingup?), this is really taking off. (Block of land approx $75,000)
Don’t know whether you have also considered Busselton, I think this is worth looking at.
Cheers
Great idea, if you have the money and the figures add up in your favour.
I have heard some horror stories where people have lost money due to lack of expertise in this area.
You could always contact your neighbour’s in laws or shop around there are plenty of builders that specialise in this area which could give you an idea on the specific costs involved.Just got back from a wonderful weekend by the sea fishing and going out on the boat.
I did however manage to look at one house, toooooo expensive.
Oh well, back to the real world….hi there, not sure about what is the best in Australia.
We purchased a beach house approx 1 year ago, one street back from beach and that has gone up 47% over last 12 months. The area “Madora Bay”, WA.Cheers
Thanks Still at School ,
Calling on the expertise of REDWING to tell all on Kalgoorlie – Boom times at the moment – but what about the future….Hi there, no need to rush, there will be plenty of opportunities, perhaps even more down the track.
There are many people on this forum that are knowledgeable that have helped me. Also keep looking at other resources, books etc.
Cheers
Hi there, strangely enough we went to a home open sale and I immediately thought the property was overpriced by about $40,000 -$50,000. I asked the real estate agent our she came up with the figure (sale price).
She embarrasingly informed me that she felt it was definately overpriced but as the owners had received a valuation from the bank at this particular price they decided to go with it.
To cut a long story short, it sold for about $30,000 under the sale price.
I have not heard of this happening before, but I guess anything is possible…..
Hi there, I guess he is focussed on the tax component, nothing wrong with that.
But have you worked out whether he can provide the service you require, that is the point.
Everyone has their own thoughts and strategies at the end of the day I do wants suits your situation.
Cheers
Hi there,
I think I know this area and the Mining Co. you refer to.I would be concerned about the stats in relation to population, you might want to start with population of at least 10,000+.
Also what happens after 10 years when mine closes etc, you may be stuck with a lemon that you can not sell.Just a suggestion you may want to look closer at the coastal town that is further up the track, this may prove to be a wiser move….
PS. check old posts on this forum as I think you may find information on useful websites to assist in your research.
Cheers.
Hello all, thanks for useful information.
Kay Henry – just wandering Why Geraldton, I thought this was a DEAD area, have I got this wrong??
Hi There, have to agree. We paid what seemed alot of money 11 years ago to move to inner city suburb in Perth, now all coastal properties are outperforming.
Also, developers are absolutely going crazy here with the canal lifestyle.
Canal land development is booming and each month prices just keep going up.There are some great buys, but these are really just beach shacks, about 300 mtre from beach for around $235,000 but you would only get around $150 pw rent.
Cheers
Hi there, I am looking at similar, decided to take a tip and currently reading “How investing in commerical property really works”by Martin Roth and Chris Lang.
This is a great guide. Still need to do all the homework, but at least it helps with the pitfalls etc.
CheersHi everyone,
sharing really does not cost anything, infact it can make you feel alot richer.cheers
Hi there,
we started a business 5 years ago and in the first year one of our clients went into receivership and therefore we made a loss. We approached various banks to obtain a loan and we were rejected.
Finally after exhausing all avenues we managed to get a line of credit using our house as equity (low doc loan) we then invested money in the business as well as purchasing IPs.
A good morgage broker should be able to assist you in exploring all avenues, perhaps a low doc loan ….Sometimes the situation looks completely hopeless just dont give up and eventually it will work out.
Your dreamin’guys,
You can live anywhere in Perth and have beach views forever…… really, there’s no competition……..Sorry guys and gals you got it wrooooooong Perth is the place to be. Beautiful beaches, you can live just about anywhere cheaply and have views forever…
