Terrific! Looking forwrd to it.

PK

Hi Zen,

We have a property in Mandurah, between the estury and river and it has seen good growth.

I tend to think (and I could be wrong, it’s just my opinion) that much of the growth in prices due the railway may have already happened “in expectation” of the railway coming. I think there may be another small spike upwards when the railway…[Read more]

Anthony,

Firstly you’re unconventional emplyment doens’t stop you getting fiance nowadays, it just might not be a conventional loan. COnsidering popping this question under the finance heading and you’ll probably find some of the mortgage brokers on this site will then read it and have some ideas for you.

As for your otehr questions, many of…[Read more]

Well, redrawing equity would increase your cash going out as the repayments would be higher. If you went this way make sure the income coming in more from the IP’s covers the extra expense that you’ve just made.

I’d probalby use the 40k incme you have coming in, but that’s me.

It really depends upon you comfort level, or your ability to go…[Read more]

Like any house, I think you need tiolet people through prior, I cn’at see many would want to fill in an application before seeing what they are buying. I certianly wouldn’t.

You could consider advertising a “Home Open” ie: for an afternoon on a weekend and then going up there yourself to open it for the afternoon.

Regards
PK

It was the API magazine (november’s), page 35.

Secret Harbour and Iluka are beachside.

Landsdale was a new housing estate 10 years ago, now it’s nearly full so shortage of land in the area has pushed up prices for completed homes.

Leda was a state housing area that has had an overhaul.

Not sure about Success.

ALos consider that a block of units will most likely be “Commericial Finance” wheras individual houses or even individual units are “Residential Finance”. As the timeframes for paying off the loans and the interest rates are different, it may change the income you’re expecting.

Regards
Judy

I found our houses are rented mainly to families, current tenants have been in one for 2.5 years and the other for 2 years. I expect that with kids in school, neither family wishes to uproot them, so they stay. Also have a two bed unit in a regional city, has much shorter stays ie: 6 months, but it is furnished so expected it to be poeple in…[Read more]

No experience with serviced apartments, but if you do decide on serviced apartments then check your bank is actually willing to lend money on them, some banks are a bit wary of these.

Good Luck
PK

Yur choice, but…..

Look at the returns you’d get from both and see which works best, also what is the market in the area, do people predominantly wanted funished or unfurnished? Also, what are vacancy rates like ie: from our experience, we have one furnished unit and it ususally rents for shorter terms than the unfinished ones. It’s usually…[Read more]

I didn’t get a newsletter this month either and I’m WA too.

PK

Perhaps you can order them here, click on the Online shop on the menu on the left hand side.

Contact an accountant or the Tax Dept. I think you’ll be OK to claim it as a PPOR, but best to make sure.

Agree, do read it. While most of us would probably not achieve that level of properties, it is very worthwhile. We were stuck at two IP’s prior to reading the book, now have 4 and looking for number 5. So the principles in the book do work, but it’s not easy, don’t expect it to be a “get rick quick” thing. It can achieve the goals though with…[Read more]

Negatively is probably thier own fear and they will probably be the first to say ‘I told you so” if you fail. And if you succeed, it’ll be luck, it’ll be comments like, “Oh aren’t y you lucky that you bought at the right time” or “Aren’t you lucky that interest rates were favourable for you” etc etc. Gosh, it couldn’t be thorugh you willing to…[Read more]

Well, we manage one ourslef and the others are through agents and find both are the same amount of work.

We find we often have to keep on the PM’s back about things they should be doing. So it doens’t always save time. The benefit though is advising that rent is going up, I find it easier for osmeone else to tell them, although having to remind…[Read more]

In Perth itself, doubtful unless you can add value to a property you purchase that will increase the rent.

Start looking country and you’ll have more louck but do check the towns you look in, that they are stable ie: due diligence.

Good Luck.
PK

SIS,

I think it adds up to a free house as she was paying $120pw in rent whihc was due to go up and now she’ll be paying $125pw in mortgage and expenses, therefore the cost is relativley the same but she’ll own it instead of it being dead money.

Regards
PK

Domo,

Perhaps you also need to consider the future and just the NOW. How soon do you wish to stop working or perhaps you don’t wish to stop working. In this case negative gearing would probably work best as you have the ongoing deductions that are offset against your wage and allow you to have more income now. If you plan on working for 10 or…[Read more]

Hey techna, it depends of the wife/girlfriend etc. If you get a good one, then she’s the one out there organising the IP’s, arranging the finance etc. Too busy to be spending the money elsewhere mate!

How do I know this? Becasue I’m one of those wives who does do all this side of it and there’s plenty of others on here to.

Well, I guess you…[Read more]