I think its all rubbish, these bank ceos make these comments to benifit themselves (the banks) . In my opinion property prices are going to go down before they go up (and I dont think they will make an upward movement for years to come) , people talk about the shortage of houses and land, all you need to do is pick up your weekend paper and take a…[Read more]

I reckon we bring Scamp over to Australia and make him head of the RBA, or even prime minister

Devo76 may I ask how "Italian Dragon"  is not here to help? Just because he is not here trying to talk up the market or tell people to buy dosnt mean he's not here to help, if anything he's is making people more aware of what is going on in the market such in this case as all the bank repossessions going on at the moment due to morgage stress…[Read more]

My first bit of advice would be dont be afraid to offer less than the asking price because I can tell you in perth there are alot of people having trouble selling their homes due to the lack of buyers and the amount of properties for sale. I would say Craigie wouldnt be a bad area for long term investment, I wouldnt say it has peaked, i mean 2…[Read more]

Well I can tell u in perth I am confident house prices will drop espically at the lower end of the market, there is 17 000 houses and blocks for sale with hardly any buyers, houses are just sitting on the market, agents cant sell them . In my opinion in a years time there is going to be more people in morgage stress, so there is going to be even…[Read more]

I was in a simular situation CHIS, I bought a block for investment in the northern suburbs and thought i could make money on it, but with the downturn in the market and over supply of land at the moment i didnt even break even when i sold it, even tho i made abit of a loss im thinking long term now instead of forking out nearly $1500 in interest…[Read more]

Hi , nope you cannot claim any interest on vacant land, the only way you can claim interest is if you buy a house or unit and rent it out to someone then you can negative gear it. As to your other question, with the price of land , maybe for a little extra you could buy a 1-2 bedroom apartment of flat somewhere close to the city? Then you could…[Read more]

I think they will defiently here in perth, I know the markets pretty dead here at the moment, something like 17 000 houses and blocks for sale and alot of properties that have just been sitting on the market for a while. I think with every interest rate rise we have had it has basically meant fewer buyers looking around to purchase something, I…[Read more]

Gday Nejas, Nah thats not complete .. that price is what I got off the builder to build the house and site costs .. the rest of the stuff like floor coverings, blinds, aircon , landscaping etc, i was gonna do all that myself because i have some cash saved up for that and was just going to borrow 150 which would covering building the house…[Read more]

Ok thanks that makes sense, while im on the topic can any1 recommend to me any accountants in perth?? cheers!

In reply to foundation: well i had 3 appraisels done , and yes they were all in the 270-280 grand mark, so it went on the market at from 270 ,  the agent said the biggest problem I am having at the moment is there are bigger blocks in the same suburb for cheaper than mine, but the reason why we valued mind abit higher was it is like 5mins walking…[Read more]

ok thanks for that wayne just checked my records and that guy that did the firebreak never sent me a reciept so i phoned him and he;s gonna send one out to me next week. Just got another question while we r on the topic .. wif my block of land I just pay the interest only , if i was to pay like a chunk off my loan, like if i put 20 grand down on…[Read more]

Gday Wayne just got a question on that “cost base” that u were talking about, just wondering (because i also have an investment block of land) would getting a firebreak done on the block come under that?? I had to get a firebreak done on my block last month and just wondering if i should like keep the reciept for when I go to sell it etc. ?? thx!

Yeah I think u can only get the grant if you are going to live in it so renting it to some1 or if its just a vacant block of land u wont get it. I recently bought a block of land and emailed them to ask them about the grant and they told me that coz its a block of land I cant claim it but when i show them a building contract to build a house on it…[Read more]