Vernon,

Try http://www.regional.wa.gov.au for various stats on country towns. I always find it helpful when researching. The other thing I tend to do is get onto the town’s shire council website and read their minutes…this has given me invaluable information at times. My very first couple of investment properties were in the country and I haven’t…[Read more]

Marisa,

ah yes Northam……….purchased a property 18 months ago there and have already seen substantial growth[thumbsupanim]. Great little spot and I think you’ll still find the odd cash flow property there too!

SQ

Turnby,

There are cheaper WA regional cash flow positive properties than Hedland/Karratha if your uncomfortable with their prices!! Try looking towards the east perhaps!!!

best of luck

sq[biggrin]

Get yourself a decent Mortgage Broker!!!! I can recommend Link Mortgages in Perth PH: 9272 9344 and ask for Helen McCoy. She will source the best bank for your situation. Best of Luck.

sq

Sandyman

It all comes down to what YOU are comfortable with and what your future investment goals are. I personally do not have a problem with investing in small regional towns. My very first investment purchase (besides my PPOR in Perth), was in a very small WA country town. I still have that property and a couple more under my belt and all…[Read more]

Nads,

Believe me….I understand where your coming from. I was getting older and became almost desperate to get into the property investing scene and had to make it happen, so for me cash flow pos was the only way!!! Reason being – I work part-time and my husband has his own business (3 years in and not very favourable with the banks when it…[Read more]

My father-in-law was looking at doing the same thing in Geraldton, but was put off the idea due to the fact that the land is what actually appreciates and he would never actually own the land. I’d be cautious about this situation, but if you still insist on seeing if the bank will lend on this sort of deal I have a great mortgage broker here in…[Read more]

Spot on Doogs……great to see you’ve ALREADY been lookin outside the square!!!! ….and its paid off for you!

sq[biggrin]

Hi Zen,

My pick would be Hillarys!! I guess the reason being is that it is along that coastal strip heading north, and once the land runs out along the coast, prices will escalate yet again!!! Also relatively easy to rent out the property there due to good public transport and close to beach. However, having said all that I do like Yokine as…[Read more]

I think a book relating to the challenge’s faced by People (like myself), who were never educated financially. This was due to the fact my parents never owned a home together for the duration of their marriage (18 yrs)and were almost bankrupt!! I’d like to see young people read books on how it is possible to achieve financial success through…[Read more]

Why not 100km EASTof Perth Zen??!! It is my belief that anywhere within a 100km radius of Perth is worth a look, especially when our lovely coastal areas Sth and Nth become toooo expensive. Once that happens then – where will everyone be looking next??? AND the trick is to get in before everyone starts looking next if you want the bargains?!…[Read more]

Hi all,

Thank you all for your feedback. I went looking at Midvale & Forrestfield on the weekend and noticed a reasonable amount of activity in the Midvale area. Subdividable blocks are definately a possibility with good access to Midland providing you buy close enough to walk to the main roads (Morrison Rd and Great Eastern Highway) which will…[Read more]

Phew!!! This is a long thread[blink], but some interesting comments. Does anyone have anything interesting to say about Midvale and Forrestfield?

SQ.

Danga,

Nothing wrong with rural western australia….I have a couple of +cf properties here!! Just make sure you do your research on the particular town. There are still some good bargains to be had, not only cf+ but potential growth if you choose wisely.

sq

Back in the land of living. Spent the weekend cleaning up the mess, not too much damage though. I don’t want to go to tribunal if I can help it, I just want to move on and put it all down to experience!!!! However, I am applying for the whole of the bond which will cover cleaning costs/damage to property……..and maybe some of the rent I’ve…[Read more]

Just discovered one of our IP’s (fibro) – has a couple of sinking stumps at the front and have caused a lot of movement in the house (cracking walls/sticking windows ect. Should have got onto it sooner, as we discovered a leaking front tap which had been trickling under the house thus causing the damage. My father-in-law is going to crawl under…[Read more]

BT

I’m with you on Joondalup!! Although Joondalup North is fairly pricey, I believe you can still pick up a bargain or two in Joondalup South (still close enough to TAFE, UNI, POLICE ACADAMY ect…..) Its only a matter of time that we’ll see Joondalup South go through an upward trend I believe, as Joondalup North WILL be toooo expensive…any…[Read more]

Thank you all for your replies….it has taken me this long to jump back onto the forum – as you can imagine I HAVE BEEN BUSY!! To LifeX – I had this tennant set up through CENTREPAY but she has the right to pull the pin whenever she likes and that is exactly what she did when I served the first breach on her – hence no rent since. Also I…[Read more]

Judith,

My broker is Helen McCoy from Specialist Mortgage in Subiaco…..not sure if she’s up with wraps though (you’d have to ask her…….as I’m not up with them myself yet). All I know is that she is reliable, efficient, and is always flat out (work-a-holic). She has managed to get us through a couple of deals I thought no-one could pull…[Read more]

Thanks for the feedback guys. Billfromoz – no I didn’t pay cash. I have brought the property 80% finance and have a H/E Loan against my current PPOR which I will be using to finance the reno’s on the IP (I use this loan for all investments). I understand the reno’s are depreciable though, but really wasn’t sure if interest was a yearly tax…[Read more]