Hi, I’ve spoken to a few developers in Perth. One was Craig Turnbull (6PR and author). He recommended open plan 3×2 with double carport or double garage. Two recommended going for a couple of extra courses to make ceilings higher instead of creating dog boxes. Another developer I know (he has about 30 properties) is currently building open plan…[Read more]

P.S. I was joking about, “Does anyone want a new PM?” Looking after our 2 properties is enough for me right now.

Property rental
Renting out your property – an owners guide is now available. This publication contains the Tenancy notes as well as other information which will assist private landlords in the management of their rental properties.
Dee Dee, Here is some info from Department of Consumer and Employment Protection for rental properties in WA. You…[Read more]

I heard a Perth property author/spokesperson say a couple of weeks ago to for a DHA property if you want a secure tenant and property looked after and don’t want to stress too much about your property. The payoff is though that you get less rent.

What does MB mean? And Nodoc style loan?

I know someone with over $1mil in equity and finance has become difficult because they’re low income earners.

My first property was a 2 br unit in Brisbane. I rented out one bedroom, furnished and lived in the other. I rang the ATO on a few occassions to find out if I needed to declare the income or if I could negative gear. Their response was that I could claim income and expenses or treat it as a personal nature and not claim. I chose to negative…[Read more]

Thanks for your reply Condog. The sharemarket crash is something that sits at the back of my mind. I don’t bother much with the sharemarket, I prefer property. I figure people are always going to need a roof over their head, and when prices are too expensive to buy there will be greater demand to rent so there is a win-win situation.

I have some excellent tenants who have payed $170/wk for my IP for past 2 years. They do a bit of small maintenance on the property and are happy to pay for it unless it’s major. Currently the rent appraisal is about $240/w. The tenant has a new job is earning an extra $70,000/year in the mines. Do you think it would be rude to put their rent…[Read more]

Try Members Equity. They work really well for me. I’ve never had to pay any fees with them apart from solicitors fees. I’ve used them for 4 mortgages.

I’m in a similar position as you with an IP 3X1 with a games room and semi enclosed outdoor entertaining area addition. My idea’s are to turn the games room into a forth bedroom. This could easily be achieved by leaving a hall way and getting a suitable wardrobe from IKEA or have it built by a professional and it will serve two purposes. I’d…[Read more]