Are you referring to the several apartments which are within managed buildings? Like the Quest ones, for example? Or company shares?

During my (short) time reading around, I understand than some investors avoid these… which makes me avoid them… which makes them more difficult to sell.

Discussed this with a REA at the weekend and he said they…[Read more]

Cheers Scott

Just spent today trawling round home opens around the $250-$350K mark for units… was not impressed. Highest Net Yield i’ve found after costs so far is 4.3% and the strata fees i’m talking about are largely responsible… several of the units had strata fees alone of $2K+/yr.

Wow.

I was just wondering if anyone had done any sums…[Read more]

Hi Tony

Yes that’s my belief also, despite my never having rented property in Australia (I used to rent in the UK). I also have a belief that quality property will attract quality tenants, and that if you enter th market at the very lowest/grotty end, then you can expect likewise from tenants.

So, smaller blocks, near the action but away from…[Read more]

Thanks

Thanks guys

I have been advised that the way to proceed is to leave the deposit money where it is and buy the IP with 100% loan – take a loan for 80% of the IP with a new lender and get the balance 20% with our current bank, secured against our PPoR.

This makes sense to me…. what about to you?

My wife earns more than me and pays more tax than…[Read more]

Thanks Karen… hadn’t thought of it like that – we have Super all over the place and pensions in the UK which need bringing over so maybe it might be a good time to get a financial ‘health check’ from someone in the know.

I also just phoned my mortgage broker and even he educated me in the short time we spoke… basically it sounds like i’d be…[Read more]

Interesting post, and some good advice Tony.

So, assuming 1 bedroom apartments are the safer bet (I am currently thinking of the same), what other purchase criteria would you be looking for?

– bigger blocks of units versus smaller blocks?
– off the plan versus 1960’s?

There are a few places in Perth (for eg) where most of the 1bd units are…[Read more]

OK cool… leverage. So is that good leverage then?

I’m investing $50K and the return is $13K (26%- sounds great)…. but then for the first 5 years i’ll be CF-.

I understand that i’ll need to be in it for the long term

Cheers

Oh, and feel free to recommend alternative city-fringe suburbs in Perth if you think they have better potential!

Thanks