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  • Profile photo of TheBishTheBish
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    @thebish
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    April 28, 2017 - 5:38 pm

    Good refresher Benny. Yep lets hope the pollies act with some logic and don’t do anything too stupid.

    Profile photo of TheBishTheBish
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    @thebish
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    April 26, 2017 - 6:44 pm

    From memory the labor party went to the last election with negative gearing changes in their policy mix and that didn’t appear to hurt them much votes wise. That’s why I’m thinking this is a high probability chance of coming to fruition.

    Profile photo of TheBishTheBish
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    @thebish
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    April 21, 2017 - 10:46 pm

    Good question Nigel but that’s not what I think, that’s what the Labor policy clearly states. How they do that – I’m not sure but I’m assuming they know a bit about when they can and can’t make the policy effective from.

    Profile photo of TheBishTheBish
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    @thebish
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    June 11, 2014 - 11:17 pm

    What I’m getting at and the evidence is clear for all to see is landlords in WA are getting ripped off compared to other parts of Australia.

    So, what do we need to do about it?

    Firstly, landlords need to negotiate – use the eastern states numbers as the lever and when the agents say costs are higher then over east then tell ’em that just aint true – refer my salary stats $70k for a PM – same as on the east.

    Run Property are coming in the next 12 months or so – competition is coming.

    Shop around – don’t just suck it up!

    Profile photo of TheBishTheBish
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    @thebish
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    June 9, 2014 - 11:14 pm

    Did somebody say charges are higher in Perth because of salaries – just did a quick look in Seek – Sydney v Perth.

    Its very consistent the average Property Manager in both cities is paid about $70k – its very consistent across many adverts on Seek.

    Any body got any other excuses for the price difference?

    Profile photo of TheBishTheBish
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    @thebish
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    June 9, 2014 - 9:48 pm

    Here are the charges – Perth v Sydney

    Charge Perth ~ Sydney
    Letting Fee 2 Weeks + GST ~110% of Weekly Rent
    Agreement Fee Nil ~ $16.50
    Management Fee 9.35% ~ 7.70%
    Admin Fee pm Nil ~$5.50
    Inspection Reports $49.50 ~Nil
    Final Inspection $99 ~ Nil
    Property Condition $220 ~ Nil
    Fixed Lease Renewal $55 ~Nil
    To Let Sign $44 ~ Nil
    Inventory Report $165 ~Nil

    Had to stop typing up the Perth charges – felt RSI coming on.

    • This reply was modified 10 years, 5 months ago by Profile photo of TheBish TheBish.
    • This reply was modified 10 years, 5 months ago by Profile photo of TheBish TheBish.
    Profile photo of TheBishTheBish
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    @thebish
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    June 9, 2014 - 9:26 pm

    Thanks for the responses

    I’m collating some facts V Sydney I’ll provide soon

    • This reply was modified 10 years, 5 months ago by Profile photo of TheBish TheBish.
    Profile photo of TheBishTheBish
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    @thebish
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    February 27, 2014 - 8:09 am

    You should get a Depreciation Schedule done by a Quantity Surveyor asap – in my experience they are well worth the cost – unless your house has absolutely no valuable items making it up – you may be surprised what they find. Once you have that as a base you can add the cost of the fence or anything else you purchase to your capital base.

    Your portion of fence cost is definitely capital and not a repair.

    Profile photo of TheBishTheBish
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    October 23, 2012 - 8:27 am

    From a quick observation of the current fixed rates on a 3 year loan they now look to be a pretty good option I reckon. Its always difficult knowing where the rates will be in 12 months time but the Reserve Bank here is pretty stingy dropping the rates and for that reason and the fact there are some green shoots appearing in retail and housing I wouldn't be surprised if we are close to the bottom of the rate cycle or close to it.

      

    Profile photo of TheBishTheBish
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    @thebish
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    October 2, 2012 - 5:50 am

    Its about time these up starts at the Reserve Bank got out of there ivory tower in Martin Place and realised the economy isn't doing so great and not to mention us property investors are struggling as well.

    I'm hoping they keep dropping the interest rates so I can afford a Mercedes for the missus next year and not have to put up with her complaining about the performance of the BMW.

    Over

    TheBish  yes

    Profile photo of TheBishTheBish
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    August 21, 2012 - 7:15 am

    To me the number one issue that investors buying into units need to be wary of is what's actually next door, across the road, and around the suburb generally in terms of possible supply of new units that may come on stream.

    There is no greater killer of capital growth than somebody putting up another block of units in the local area.

    I know this from first hand experience.

    The owners of units in the block you are looking at know supply is coming on stream and are hoping of getting out asap before the value of their properties go south or at best stay at the same level for the next 5 years.

    Good luck.

    Profile photo of TheBishTheBish
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    July 27, 2012 - 7:21 am

    Hi

    I've been living in Perth for about 2 years now – moved from NSW. Your overall selection of Perth as a city to invest should be a good one based on what I'm seeing here compared to the Eastern states. Perth is a young growing city with massive opportunities in the future – while people talk about China only in terms of resource demands, Perth is also well located to Africa and Indonesia – two places that will need resources in the future.

    In terms of what the market is doing in general ,I live in Kensington and places there are definitely selling a lot faster this year than they were last year – a sure sign the market has improved.

    Do the research and good luck.

    TheBish

    Profile photo of TheBishTheBish
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    February 9, 2011 - 11:52 am

    Thanks Belinda

    I first posted this query back in 2009 but the issue is really starting to bight now. The costs on water usage are rising quickly.

    The legislation in NSW is pretty strict on this issue – almost forcing landlords to take on the cost. This is hardly condusive to reducing water usage.

    Cheers
    The Bish

    Profile photo of TheBishTheBish
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    @thebish
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    February 2, 2010 - 10:20 am

    Hi

    I think the area has got huge potential as well.

    * Close to vinyards
    * Infrastructure improvements
    * Assuming Labour stays in power will be well supported politically (not being biased either way)

    In terms of timing just got to do the thing that all good investors must do:

    * Understand the area well – good and bad sections
    * Know the prices – make sure you make the profit when you buy
    * Understand what a bargain looks like

    Good luck with it.

    TheBish

    PS Branxton has a great little golf course as well – what a bonus!!

    Profile photo of TheBishTheBish
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    @thebish
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    January 7, 2010 - 6:02 am

    Hi

    Agree with YiF on this one. In simple terms using $17k negative impact as a starting point if you take off your tax credit that would leave a net impact of $12k (assuming your marginal tax rate is 30%) and this doesn't include any depreciation/write off benefits. If this is a new gated community then that depreciation/write off is going to be huge.

    You need to get your head around the numbers. Get the accountant to send you the depreciation schedule first and if he can't help you get across the numbers then get yourself a new accountant.

    Property itself sounds good – I wouldn't sell it. Just need to drive the numbers a little harder.

    Cheers
    TheBish

    Profile photo of TheBishTheBish
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    December 12, 2009 - 1:23 pm

    No I actual didn't end up buying that property.

    Thanks anyway.

    Profile photo of TheBishTheBish
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    @thebish
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    December 1, 2009 - 8:54 am

    Thanks Wolfman – I feel better now – I own Westpac shares.

    Profile photo of TheBishTheBish
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    @thebish
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    December 1, 2009 - 5:48 am

    If the RBA has its way we'll all be living in 3 man tents.

    Bring it on Stevo – love the pain!!!

    Profile photo of TheBishTheBish
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    December 1, 2009 - 5:45 am

    Thanks guys but these aren't exactly the calming words I asked for – leave the facts out of this blog please….

    What I think will happen with all this is that rentals are going to rise significantly.

    I've never seen a more perfect storm on this front:

    1. Construction of new housing/units down – this has started already
    2. Job prospects look better – tenants more comfortable paying more and less likely to take drastic action – moving back home.
    3. Increase in immigration – coming in by the boatload
    4. Capital growth number will level out – less investors buying.

    Its the classic Demand up / supply down scenario.

    Over

    TheBish

    Profile photo of TheBishTheBish
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    @thebish
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    November 10, 2009 - 10:06 am

    Thanks for the input.

    I'm not actually talking directly about retirement – more stop working for someone else – I'm only 44 at the moment.

    The investment advisor is probably good advice – even just to bounce some ideas around.

    I'll check out the website.

    Thanks
    The Bish

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