Hey Dazzling were you in a property magazine recently?

Hi Bedford

I don’t think you will get a better answer than what these two guy’s have said, I couldn’t agree more with reading Rich dad poor dad. This book will get you in the right frame of mind of how to look at money other than what you have probably been taught all your life and also how I would say 90% of the population look at it.

Cheers

Hi

I am no expert but I am going through the same thing at the moment (W.A). As far as I can find out there is no legal way around it but you can minimise it by keeping the value (on paper) of the property as low as possible. I guess you have to remember that you should have only paid half in the first place because your partner (JV) should have…[Read more]

Dazzling

Oh yes I seem to remember you talking about a venture similar to that a couple of months ago before you bought the block. Well it seems that you have gotten onto a good thing and is working out well (financially) for you.

I have also been advised against cross col but it is a simpler way to go without raising a LOC for example and most…[Read more]

Hi

If you are asking where to find a unit under 200 grand my advice would be googling realestate in that area and start looking???

Dazzling

How did you borrow 105% (LVR) on comercial?

Hi kmiddlet

That is an excellent post you are thinking and talking like a true investor not someone who has jumped on the band wagon at the peak of a cycle. The most important part of any investment strategy in my opinion is buy low and sell high. The RE market is a slower version of the share market; you buy at the lowest price set your sell…[Read more]

Thats news to me!

Originally posted by Interceptor:
I think the Perth market will continue along these lines for another year or so possibly up until the Beijing 2008 Olympics.
Growth in China at the moment is unbelievable (10.5 % in the last quarter)
The mineral boom will continue however we will see lower prices for commodities such as iron ore in the next 6-12…[Read more]

That is interesting about how normally as one is going up the other is going down Derek that would be a very useful tip to remember when trying to analyse a market.

Hi Mick Perry funny you should mention Bayswater, About 3 months ago I was driving around the back blocks just behind Tonkin HWY there. I came across this 2×1 fibro place that looked…[Read more]

Hi Derek

Hope you had a good holiday and are well rested.

That is an interesting point about rental return for W.A, I think this would be the case if you bought now, the ROI would be rather low. If you had bought before the boom though I think you would be enjoying low vacancy rates and high demand for rentals now.

Rent in W.A and invest over…[Read more]

Originally posted by perthman:

By the way – I wll give everyone here a bit of inside info. It has been noted that a quite a few property owners (especially around the wealthier suburbs) are selling up and deciding to rent for the next 6-12 months, and the people that are doing this are definately not silly.

Maybe someone can care to explain…[Read more]

Hi Perthman

I am also from Perth and am a bit frustrated with the RE agents and current market we have here. I have a couple of properties here and am happy at the CG after only having them for 2 years. At the moment I am looking for a PPOR so my requirements are different to an IP. There is emotion involved when you expect a certain quality for…[Read more]

Originally posted by 1HotValuer:
Ok I am answering Lee’s question on HOW to buy your first +cf.
1.Save up $9000 (20% deposit)
2.Buy a property in Queenstown or Zeehan or Rosebery in Tasmania for $45,000. Rent it for $90 per week.
3.Save up the stamp duty and conveyancing cost during the 6 week settlement.
4.I recommend buying sight unseen. I have…[Read more]

I hope you are right Carl trying to find a value for money property in Perth at the moment is dam hard![grrr]

I would also like to know who you are using jaffasoft??? I think $30.00 is a bit closer well thats what Comsec charges anyway and they sure beat paying a broker by about $70.00. Either way its all better than paying $25 000 to the goverment!!!!

Originally posted by Pursefattener:
Firstly mate it’s Warragul . Get the spelling right .

Thanks Pursefattener we are so glad you contributed![hmmm]

Hi KJK51

You make a valid point, If you were stuck in a corner and had run out of funds this would be a fair sacrifice to make to free up some cash to grow. In my opinion 15k stamp duty on buying the property then 15k on selling the property +land tax along the way means 30k+ goes to someone who I have never even met before. If possible…[Read more]

Originally posted by fischer:
With the recent rate hike by RBA this will place a downward pressure on property prices around Australia, Those with property investments in WA would be wise to sell at an all time high and buy on the East Coast at bargain basement prices.
Thanks Paul.[cap]

Hi fischer

Yeah the thought crossed my mind but on my…[Read more]

Originally posted by Anthony.Congdon8421:
Interesting times here in WA.

Either way, an interest rate hike is a positive thing for WA, in that it should calm some of the “irrational exuberance” found in our local real estate market, although we will probably need another 0.5% for the speculative buyers to really get the message.

As to what this…[Read more]