Selena,

Have my paperwork back from the accountant, Colin Dymond works for Geraldton Property Valuations and his phone number is 08 9964 3637.

How’d your trip go?

Regards
PK

Hi Steve,

While it’s fair to say that doing the reno yourself is replacing one job with another, it’s also a way for those getting starting to get a bit of capital behind them for future deposits (well, so long as they don’t overcapitalise and actually make money from doing the reno).

You gave up a lot in the begginning to get yourself on the…[Read more]

I think Colin Dymond is with a company called Geraldtion Valuers or Geraldton Valutation Specialists.

All my paperwork is with the accountatn at present so don’t have a number handy, but hope that helps.

Regards
PK

I agree wiht Celivia.

One of our porperties was advertised to let just a week and half weeks before Christmas and I had a choice of tenants, it didn’t affect letting it out at all.

PK

Not all agents want +ve cashflow, many to them, like many of us, were taught -ve gearing is the only way to go. I know the agent I purchased one of my IP’s through thought I was crazy to be buying it, he couldn’t see outside of the -ve gearing box.

We’re all differnt and have different goals that can be achieved in different ways. Search for…[Read more]

Yes, I have an IP up there. Crime rate is still high compared to other WA areas, but if you install alarm or security grills then it’s quite easy to rent your place out.

Work has commenced on the tunnel that will take the railway underground. Once this has happened then the railway that is along the coast between Geraldton City and the beach…[Read more]

Hi Derek,

Ah yes, the SES scores, fun aren’t they.

Having looked at the RPData site though, it appears they are using the same years when they talk about population ie: 1996 and 2001, so I had assumed that they must have been gettign theri data from the ABS initially, but it doesn’t appear to be the case or if it is there is definetley different…[Read more]

Hi Matt,

I havne’t rang the council, but an online search found a submission the council had put to parliment and in it they were using the ABS figures and stated that this was the locality (not just the town).

As the ABS figures are lower than RPData, I’m not sure what RPData are counting.

I will ring the oucncil but it appears they use the…[Read more]

Hi and thanks for your replies. The towns I’m looking at are all WA so suspect boundaries may have effect. But can’t see on either what the boundaries are.

However, the difference in population is staggering, one showing the town decreasing and the other showing it increasing. Makes a big difference.

Not sure where to go next to verify the…[Read more]

Chefspop,

$50,000 is a hard lesson but the experience will most likely make your future investments so much better that you may come out ahead in the long run. Don’t lose heart, but do learn from it.

I bought my first property at 19, supposedly doing the right thing, but experience is definitley lacking at that age. Unforutanatley my finance…[Read more]

Well, Madcats’s ideas fit the area which you are looking. Beckenham and Kenwick may fit too.

I guess he’s happy to have a negatively geared house then?

Rockingham is taking off, perhpas already taken off. But it’s got the ocean, the railway coming etc.

Perhaps Clarkson. Railway is extending north to Clarkson, maning easier access to the city.

There’s heaps of choices really. Where’s his mum live now, does she have friends close by,…[Read more]

Hi Bonnie,

That’s a hard one. Perhaps it really depends upon what your first option would be ie: if you are considering renting then look at the vacancy rates in each area and see whihc has the lowest vacancy rates.

If you’d prefer to sell, then look at what similar houses on similar blocks are selling for, take away your costs of building and…[Read more]

LOL. adorable.

I take it they are serviced apartements? If so check out who is managing them as this could affect your return. It said “Medina or Leasee”. So if Medina aren’t managing them, then who is the leasee and what are their management skills like? Or even if it is Medina, what are their management skills like, what other properties have they managed,…[Read more]

LOL, thanks.

Now how do I answer this question…. How come you wanted to make my sister before you wanted to make me?

Hi Helen,

When I ring the council I usually ask for the planning divison (although this is called different things in differnet councils). Once I have that area, I ask if they have any information they can send me regarding the area and future palnning for the area. Most councils have 5 or 10 year plans for their area. Trying to find the right…[Read more]

Yep, by doing a lot of driving and looking. Sorry, but its the same way for the rest of us.

You can start by searching sites like Domain.com but I’ve often you see more by going to the area you are interested in.

Good Luck
PK

Well, I guess the rules probably change from state to state, but it might pay to check with the local council as renovations over a certain $ amount ususally have to approved by council. Doesn’t hurt to ask the question anyway.

Regards
PK

LOL aussierougue.

As for the lease, we have one porerty where the PM put in the lease that smoking is not permitted inside. I wasn’t aware this was going in the lease, but the tenant (a smoker) was happy to sign it and happy to smoke outside.

It would be very hard to police but there’s nothing stopping you trying something like this if you wished.

PK