Thanks tbsuper2

Thank you for your response. Since writing, we have decided against this sort of investment as the outgoings were quite high and the retuns were not as great as expected. Even though the property will rise in value by the time it is built we couldn’t be sure that we could find a buyer that could come up with the 40% deposit.…[Read more]

By the way, this is an “off the Plan” Hotel so we are hoping that by the time it is built it will have gone up in value. All hotel rooms have ocean views. It looks good on paper anyway!!!!

Thanks again.
Julie [thumbsupanim]

Hi Depreciator,

The investment I am looking at is a hotel room in a 4.5 star hotel. It is situated across the road from a beach and it is the only hotel that will be on the beach. There are only two other hotels in the area and they are both quite old so I would hope this one would do quite well because of location and of availability of new…[Read more]

Hi,

I am in the process of getting a hotel room/apartment and was wondering if you thought It was worth while since you already have one. You said that it was a +CF. Are the returns reasonable? I have done many spreadsheets to predict what the returns will be but am finding it hard as I dont know what the running expenses will be. Ive been…[Read more]

Hi Depreciator,

Thanks for your comments. No-one has told us that you can get a depreciation of 4% for short term travellers provision but we have been given a depreciation schedule by Depro for Capital Works and Plant Allowance. Can you claim these two?

Regards

Julie [thumbsupanim]

I have got my eye on a property in Clarkson that is a reno. Cant get through to inspect as owners are doing some work to clean it up – and it needs it from the look of the outside. I thought this would be a great way to get a property under value but it is on for $270K and still needs work. The prices in Merriwa have sky rocketed also – all…[Read more]

Hi Wayne,

I have looked at land in Somerly – last release prices were $161K, im sure the next release will be around the $180K and rising. The propblem with building, like u said is the price increases and the time frame involved. It is taking so long for a house to be finished these days. Mindarie is a bit out of my reach unfortunately and in…[Read more]

Hi,

I too am from the northern suburbs and have been looking for a IP around the Clarkson area. With Somerly nearby and all the infrastructure that is there do you think this a good place to buy. This is my first investment property and feel comfortable buying something closerto where I live. (maybe I need to get out of my comfortzone) Prises…[Read more]

Hi LA,

Just thought I would let you know that friends of mine that live in Mindarie just sold their property themselves. Had the first home open on Sunday and was sold on Tuesday and they still had people ringing them to buy. It is going crazy in Mindarie at the moment so take the chance and sell it yourself and save $$$$$$. They used a good…[Read more]

Thank you again Derek.

I am glad that my thoughts on the WA market arn’t alone. I am a bit worried about the property market here at the moment so I too might start looking somewhere else where the boom is yet to come. Thank you for your respone – it is valued highly[thumbsupanim]!!!!

Regards

Julie

Hi Derek,

I would just like to thank you for your comments on propertyinvesting.com. I have been reading the forums for a couple of weeks now and have found that you have been able to answer the questions that have been in my head (not game enough to post it on the forum) and when you are starting out you do have ALOT of questions. I was also…[Read more]

Hi Kelly,

I am, like you, just starting my property investing journey. I also live in Perth and looking at areas within a 10km radius. As Derek stated, the rental incomes arn’t great so there are not many properties around that come close to +CF. I am an optimist and I’m sure you will find the right property. I am also interested in any…[Read more]