Hi Dan –

Sorry to hear that you haven't found something yet.

The WA market is certainly on the move and you don't want to miss out.

I am concerned you are looking for a perfect property. Trouble is that if you are successful everyone else will want it too. Not only will it be tough to secure but you are likely to pay too much. 

You are in the…[Read more]

Hi Dan –

Just checking in to see how you are getting on

Regards
Merlin

Hey Dan –
Yep, lots of people have lots of different ideas in this game (myself included!). Some good, some not so good! I find the trick is to listen to them all but at the end of the day make my own choice. Over the years I have been told by a financial planner to sell all my properties and buy shares, I was told at the end of 2003 that the boom…[Read more]

Hi Dan –
Hee hee – yes I did look for a girly avatar alas to no avail!
Good luck with the broker – I hope the news is good.
Another possible option to investigate may be to buy a property inside your super. If you have money in super it may be worth thinking about too. It is possible to borrow to buy property inside a self managed super fund…[Read more]

Hi Dan –
If you are looking to compare suburbs for rental yields consider buying a copy of Australian Property Investor. Towards the back it has a section called Databank. If you look up Market Watch: House Prices and Rental Yields you can see which suburbs in WA have the highest Gross Rental Yield %s. If you are chasing cash flow the higher the…[Read more]

Hi Dan –
Banks want two things to let you borrow – Security and Serviceability.
The bank would use the properties that you are purchasing as security. With a 5% deposit they would need you to take lender's mortgage insurance – but they don't require additional security beyond that (much as they like it!)
Then you need serviceability – ie…[Read more]

Hi Dan –
Here's a totally different suggestion. How about you buy two rentals instead of one PPOR?
Your income is high, interest rates are SO low and rents in Perth are high. I don't know your numbers but you may be able to borrow $700-800K and you would have around a 5% deposit.
You could then hunt around to find a couple of near cash…[Read more]