Total Members: 159,129

Pudestcon

  • Pudestcon replied to the topic Is WA real estate market boom busting? in the forum General Property 17 years ago

    G'day All,I've just read the article below on line at the West Australian newspaper site.House prices tipped to fall as glut bites28th October 2007, 9:00 WSTA glut of homes has hit the market in some of the metropolitan area’s outlying suburbs, raising the spectre of tumbling prices. Information from RP Data shows that the number of dwellings f…[Read more]

  • Pudestcon replied to the topic WealthScore…. How Did You Go? in the forum General Property 17 years, 2 months ago

    1461 and increasing……..    

  • Pudestcon replied to the topic blackwater queensland in the forum General Property 17 years, 10 months ago

    Angie7,
    If you are looking to finance the purchase at say 80%LVL check the bank lending criterior for the postcode.

    Cheers,

    Pud

  • Pudestcon replied to the topic How to determine the age of a house? in the forum Help Needed! 17 years, 10 months ago

    Jambv,

    You could try looking in the meter box. Sometimes the meter will have an installed date on it so that might help if it is the original. Also the termite protection company should have a sticker in the meter box detailing that it complies. This should also have a date on it. Failing that, you could try the compliance plates on the…[Read more]

  • Pudestcon replied to the topic Looking for an Accountant in Perth in the forum Legal & Accounting 17 years, 10 months ago

    Try RMG Accounting in Salvado Road Subiaco. 9380 9533

    Very efficient and reasonably priced.

    Pud

  • Pudestcon replied to the topic Negative gearing – losing attractiveness? in the forum General Property 18 years, 6 months ago

    Foundation,

    Where you say “Where a $10k rent-deficit would have cost them $5800 per annum, it will cost them $7000*.” This really means an extra $1200 per year or $23 per week. If you had to take a LOC to cover this short fall then the actual cash from your pocket (to pay the interest only) every week is only $1.62 assuming 7% interest on the…[Read more]

  • Pudestcon replied to the topic Negative gearing – losing attractiveness? in the forum General Property 18 years, 6 months ago

    gmh454,
    In answer to your query…….
    I reckon that there will be more demand for rental properties given that the interest rate increase will discourage more people from taking out housing loans to buy their own ppor and therefore increasing the number of people who require rental property; and all this in a climate where there is not much…[Read more]

  • Pudestcon replied to the topic Negative gearing – losing attractiveness? in the forum General Property 18 years, 6 months ago

    G’day all,
    My strategy is to use the $ from the tax deduction on negative geared properties to help service the interest only loan. With the tax break announced in the 2006 budget I will simple use that cash in place of the reduced tax deduction. Obviously the change won’t be equal but I certainly don’t see any problems especially when you factor…[Read more]

  • Pudestcon replied to the topic Vacant block value in the forum Help Needed! 18 years, 7 months ago

    Thanks again Stuart and to you as well Dazzling,

    I’ll pass your information on and see what happens. I’ll update you as to the outcome when it happens.

    Cheers,

    Pud

  • Pudestcon replied to the topic Vacant block value in the forum Help Needed! 18 years, 7 months ago

    Thanks again Stuart,
    After some probing the relevent information is as follows….

    The property is not a vacant block but rather a PPOR in the suburb of Queens Park which was purchased in September 2005 for $265000. The question now posed to me and to the forum is…
    If the owner receives approval to build say 3 residential units would the…[Read more]

  • Pudestcon replied to the topic Vacant block value in the forum Help Needed! 18 years, 7 months ago

    Thanks for that Stuart.
    What sort of increase in value do you think would be obtained? I’ll see if I can find what suburb the block is in.

    Pud

  • Pudestcon replied to the topic Perth- Require a accountant/property specialist in the forum No Subject 18 years, 7 months ago

    G’day Steve,
    I went to an all day seminar today and one of the speakers was Patrick Thatcher from RMG Accounting who do a lot of work with property investors. A number of people there use him as their accountant but I have no 1st hand knowledge. His email address is pt@rmgaccounting.com.au and his phone number is 08 9380 9533.

    Good luck,

    Pud

  • Pudestcon replied to the topic What are some good investing books? in the forum Help Needed! 18 years, 8 months ago

    G’day,
    I am reading How to Grow a Multi Million Dollar Property Portfolio -in your spare time by Michael Yardney at the moment and must say I’m very impressed with the information and how it is presented. I have read Michael’s posts on this forum and have always found them to be very helpful and informative. Give his book a go; I’m sure you won’t…[Read more]

  • Pudestcon replied to the topic HOWS YOUR YEAR GOING in the forum Help Needed! 18 years, 9 months ago

    G’day Gross,
    I’m doin’ alright. Just signed a contract for a Darwin apartment and had notification that the developer has increased the price of all unsold apartments by $65k!! I’m smokinnn’. Just having all 4 properties valued to see where I am.
    Cheers,
    Pud

  • Pudestcon replied to the topic How to tell if fibro House has asbestos in it in the forum Help Needed! 18 years, 9 months ago

    If the brick veneer house has eaves which are lined with flat sheet and was built before 1987 then it is almost certain to have asbestos sheet outside (the eaves sheets) and may have asbestos inside in areas such as bathrooms and laundrys. A building inspection report should tell you whether asbestos is present or not but why not ask if this will…[Read more]

  • Pudestcon replied to the topic How to tell if fibro House has asbestos in it in the forum Help Needed! 18 years, 9 months ago

    Jason,
    If the house was built before 1987 there is a very good chance it will have some asbestos sheet in it somewhere even if it is only the eaves sheets. The cost to demolish will vary depending on the type of house construction, quantity of asbestos to be disposed of and where the house is situated. Contact a professional house demolisher such…[Read more]

  • Pudestcon replied to the topic Feedback on Investors Club in the forum Heads Up! 18 years, 9 months ago

    Olliee,
    I,m going to the Investors Club meeting in Willagee on Monday night. If you can make it, or anybody else for that matter maybe we could catch up if you want. I’ll be the one in jeans with an orange shirt. I’m a male, 55, dark brown hair, 180cm tall and weigh 95kgs or so. If anyone can’t make it to that meeting but would like to make…[Read more]

  • Pudestcon replied to the topic Feedback on Investors Club in the forum Heads Up! 18 years, 9 months ago

    Originally posted by Dazzling:
    Yep,

    Just went to one on Monday night at the East Perth Railway Station. A reasonably good night for free.

    I’ve changed my opinion of this club somewhat of late. (See earlier associated threads for my previous views).

    Don’t be under any illusion, money is being made on all fronts.

    But it ain’t a big conspiracy…[Read more]

  • Pudestcon replied to the topic Feedback on Investors Club in the forum Heads Up! 18 years, 9 months ago

    G’day Olliee,

    Keep going to meetings of the Investors Club. I’ve been to many of them and I’m still learning stuff.
    Dazzling,
    Glad to hear your feedback on the club as I value your opinion. I have now purchased 2 properties through the club and could not be happier. Make no mistake tho’, ‘The Club’ is a business and people make money from selling…[Read more]

  • Pudestcon replied to the topic Steel Frames in the forum Help Needed! 18 years, 10 months ago

    If the question is “Is it cheaper?”. The short answer is no! The long answer is it depends on what you are comparing it with ie. Treated pine frame without other termite treatment. Standard pine frame with other termite treatment. Treated pine with other termite treatment. If you compare treated pine with steel and no extra treatment my considered…[Read more]

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