Cata should be able to give you some *insights* here..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

looking at your List there’s at least 3 I want, i mean need..

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

North and South of perth are growing well..IMHO East will soon have to play catch up..

Stamp Duty reductions on property under $250k has assisted price rises..

IMHO anywhere with new infrastructure has gotta be good (look at Champion Lakes ! I believe the southern corridor will also boom with the rail and freeway..lots of ‘spec’ homes being built in new areas down there..)

Whats happening in Gero lately??

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

I’d presume a lot of buyers agents listed under the Yellow Pages are nothing more than REA’s?

Buyers’ Agents
Purchasing without the stress

For most of us, buying a home will be the largest and most expensive purchase we will ever make. It will also be the most stressful. However, by choosing to purchase through a buyers agent, you can pass this stress onto someone else.

What is a buyers agent?
It is generally accepted that real estate agents act largely for the vendor and the buyer has to fend for himself. However, this is changing with the emergence of buyers’ agents, who act solely on behalf of the purchaser.

Buyers agents or buyers advocates as they are also known, have only just begun to emerge in Australia. They tend to offer two main advantages: expertise and skill in assessing properties, and the ability to make sure the client gets the property for the lowest possible price.

They are usually former real estate agents that have experience in the whole buying and selling process. Their aim is to find a property for the buyer and negotiate the lowest possible price for their client. In some instances, they can advise against buying particular properties if they do not think they are wise purchases.

The trend towards employing buyers agents is increasing, largely led by the insecurity many people feel about making a sensible purchase at the right price in such an over-heated market. Lack of time is another reason why purchasers turn to agents some people want to purchase but are just too busy to properly research the market. People who have moved from overseas or from interstate are also keen users of buyers agents because of their own lack of knowledge about the area into which they have moved.

Buyers agents perform a number of functions, including:

Sourcing properties;
Inspecting properties for faults and resale prospects;
Valuing properties with comparable sales;
Bidding at auctions;
Negotiating with vendors and real estate agents; and
Advising on settlement matters.
Buyers’ agents will employ a number of tactics to get a property as cheaply as possible for their clients. The techniques they use at auctions can be quite aggressive. One of their advantages is that because of their experience in the real estate industry, they are not afraid to draw attention to themselves. One common tactic is to ask whether a bid is genuine. In Victoria, for example, an auctioneer can take “dummy” bids on behalf of the vendor. Agents can usually spot dummy bids and auctioneers are required to answer honestly if asked if that is what they are.

Agents are also very forward when it comes to asking whether the property is “on the market”, because if it is, then it will be sold to the highest bidder and not passed in. Other approaches may include standing at the front next to the auctioneer, facing the crowd, and making wisecracks or staring at other bidders to intimidate them. Drawing attention to themselves is one of their main aims, as it tends to frighten off other bidders.

Choosing an agent
Like any professional that you employ, you need to check the qualifications of the buyers agent you decide to use. They need to be a qualified real estate agent, preferably with considerable experience in selling. As they will be involved in negotiating with the selling agent, they need the confidence to be able to act on your behalf. Ask to speak to former clients and ascertain how many properties they buy each week or month for them. You should also find out what price range they operate in to ensure they have experience in the type of properties you are interested in purchasing.

Buyers’ agents generally obtain a brief from the client about the type of property they are after and then they deal directly with the vendors, real estate agents or other parties such as accountants, lawyers or trustees. You also need to make sure you understand the cost of dealing with a buyers agent. They usually either take a standard fee for their service or a percentage of the purchase price. The percentage fee can vary according to whether the agent is finding the property and then buying it for you a process known as search and find or just negotiating on a property you have already found.

Usually the fee for a search and find is about 2 per cent of the purchase price, while bidding at an auction will cost you 1 per cent of the purchase price if successful. The costs are tax-deductible for a property investor, but not for an owner-occupier.

Buyers agents are listed in the Yellow Pages of the telephone directory under “Real Estate Buyers’ Agents”. Otherwise you can call the real estate institute in your state. Another place to look is the property buyers agents association of Australia.

Any thoughts on the above?[smiling]

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

PP

How about for Depreciation purposes as well as its nice to know exactly how old the houes is??

I always want to know..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

There used to be a group called Cashflow Club Perth (on the msn website) but it seems to be defunct now (not much activity).

http://groups.msn.com/CashflowClubP…ssageboard.msnw

Also some people who post on the John Burley forum used to meet in Freo . Try here …
http://mastermindforum.com/phorum/s…ect=1&fldbody=1

I dont know of any other groups..some of the Somersoft guys had a meeting at the outstanding fish and chip shop on Mandurahs boardwalk some months back with the aim to talk a bit more about Mandurah and Rockingham etc..

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

I agee Abby..

Give us the “goss”…[biggrin]

Another Group of Perth Investors would be a great thing, I know we have Tracey’s group..

Hi Everybody,

We have a network of like-minded investors who meet in Perth once a month. Everybody is welcome. We have been operating for 9 months since a couple of us met at Steve’s Property Masters in June last year. Members are involved in all types of property investment including wraps, lease options, buy & hold, reno’s, etc.
If you would like to come along here are the details.

Where: Mortgage Masters, 191-193 Stirling Hwy, Nedlands
Date: 27th April 2004
Time: 7.30pm – 9.30pm
Cost: $1 for tea club

Tea, coffee and snacks provided.

This month’s topic – Reno/Rejuv

Two of our experienced members will be discussing their projects over the last year. We will hand out the information we talked about at last months meeting on subdivision and development.
[email protected]

[email protected]

And the Investors Club meet regularly around Perth..

Tell us more about your Group Abby?

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Do you discount for Bulk and how negotiable are you?

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator