G'day guys

I've read through a fair few posts and articles of the proposed changes to granny flat laws, but can anyone answer a few further questions I have please?

i've just had an offer accepted on a block soon to be rezoned r40 but it's only 500m2 so I don't think we'll make the grade for standard subdivision requiring 660m2 (unless anyone…[Read more]

Cheers, that's the aim.

I spoke to a guy out of Queensland once, a salesman no less, however what he said rings true – the deal of a lifetime comes along every week.

Thanks guys.

I'm talking a discount compared to a similar house in a good condition. The discount will be due to the condition of the property and/or due to the situation of the seller hopefully.

Property Wizards. He seemed to know his stuff that's for sure.

I'm in Perth but I guess the question fits no matter where you are: does Ben Graham's 20% margin of safety exist today? Given that everyone is looking at the lower end of the market and therefore price is everything, you'd assume everyone wants to get in at a 20% discount regardless of what improvements etc are necessary.

It's a low socio-economic area with a lot of migrants regardless of what infrastructure or anything may be going to be put in there. 

I bought and sold in a suburb near there but couldn't get the resale value required for the development so the finance fell through.

Hi Jenna

Second try, I lost the first post before I could save it…

I tried exactly what you are suggesting in the same council it sounds like. 11kms from Perth, R40, $300k+ for 728m2. I got stuck on the finance and ended up selling for $20k less than I paid for it (I bought March 2008 and sold August 2012 – bad timing, I know). I was unable to…[Read more]