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  • Profile photo of michaelfranzmichaelfranz
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    @michaelfranz
    Join Date: 2006
    Post Count: 5
    March 2, 2006 - 9:38 am

    think real hard about adding another room, they can be sooooo expensive! get an accountant to crunch the numbers on that one.

    Profile photo of michaelfranzmichaelfranz
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    @michaelfranz
    Join Date: 2006
    Post Count: 5
    February 27, 2006 - 4:08 pm

    speak to the lender!

    As far as buying land is concerned as soon as titles change hands I think the construction payments are made as progress payments as milestones are reached during construction. The interests starts as soon as payent is made. The good news in a booming market especially like WA you can sell the house before it is even finished and also not even complete – so the new owners can finish it off to their liking.

    Profile photo of michaelfranzmichaelfranz
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    @michaelfranz
    Join Date: 2006
    Post Count: 5
    February 27, 2006 - 4:01 pm

    I am originally from Melbourne and know the area well. I dont think you can go wrong holding onto good property in this area to profit from capital appreciation. Especially a large block of land. Why dont you sit down and crunch the numbers – say 7% avg capital growth over the next ten years. you might find the figures to be amazingly high. I just sold a property for 410k having bought for 250k ( did a 25k reno) in under 3 years. the area is still rising quite sharply. Remember sea side property is in very short supply!

    Profile photo of michaelfranzmichaelfranz
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    @michaelfranz
    Join Date: 2006
    Post Count: 5
    February 27, 2006 - 3:38 pm

    Hi there,

    I also live in WA and called up the joondalup council for strata title vs green title issues. so the best bet is the council to determine the rules.

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