Cheers for the tip – though I’ve heard others say not to get it wet before staining it? especially if your using an oil based stain? I had a friend that laid his then covered it up with tarp until he could get the time to stain it. (This was his first time doing it though)

Have to head out, but here’s some quick pics of the frame before i lay…[Read more]

HI Guys,

Thanks all so much for the feedback:)

Based on this, I’ve just nipped to bunnings and picked up some screws and other bits. I saw the Cabot’s natural oil that a few of you have mentioned, so I’ll nip back tomorrow and pick that up.

The screws I got are the “allen keys” screws. The ones I got were a little more expensive though…[Read more]

Paul – your capital gains is the selling price minus your cost base.

Yes, it would be that you have less to pay back to the bank. The only thing is, is that because you are reducing the interest your paying, then this will mean that your cost base will be less as your interest paid amount will be less.

However if the $20k reduces your loan…[Read more]

Hi Mal,

Cheers for the advice!

Good point with the “Contract of Sale” – where would you recommend to get this?

I’m probably going to stay clear of the units etc, looking at some houses, or blocks of land.

The recent sales is a good idea:) I just had a look at reareports.realestate.com.au. That postcode you gave me – is that for all of cairns?…[Read more]

Hi,

I’m no accountant so I maybe wrong – though yes I believe it would. It’s something you had to pay for to maintain your investment so I wouldn’t see why not:)

Wayne Leech

http://www.WaynesGuide.com.au – Accommodation in Western Australia.
List your holiday home for FREE!

Hi All,

jambv – Thanks for the feedback:) sounds like you know what your doing to look at that many props in 2 days!
Yeah I was looking at cairns through Google earth – it’s a great tool for this type of thing!
Did you end up buying a property?

duckster – yeah I’ll be very cautious when it comes to the signing the dotted line!

Cheers Aman…[Read more]

Hi Paul,

Yes, all buying costs, holding costs, and selling costs.

This basically forms your “cost base” which you then deduct from the Capital Gains amount. (which after 12 months is only 50% of the selling profit).

Rgds

Wayne

Wayne Leech

http://www.WaynesGuide.com.au – Accommodation in Western Australia.
List your holiday home for FREE!

Hi All,

jaclift – cheers for that. I will give them a call:)

Paul – thanks mate! yeah it feels good looking back on everything that’s happened – especially when we had no “silver spoon” helping us:)

Yes although the blocks of land returned great CG – servicing the loans was quite a strain!

I adopted a strategy that not a lot of people would…[Read more]

Hi All,

Thanks DLPP – that’s good advice. Since posting that I have spoken to my partner and she is happy to commit to more investments as long as it doesn’t put more strain on our cash flow so we are going to start looking for + geared properties to add to our portfolio. The next step is how to find these. I’m going to do more re…[Read more]

living 10mins south of yanchep – the only thing that worries me up there is the “rental returns” on property in the area…

Because you HAVE to build a house in Capricorn Village your options at the end are to sell, or rent. If you are going to sell then you should be aware of the slow down in new house and land packages in the northern corridor…[Read more]

Accommmodation Wyndham
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Hi All,

Sorry for the delay in replying – have been away from the computer for the last night or so.

millions – why do you think I should sell the 3×2? This is already very cash positive, so wouldn’t I be better keeping…[Read more]

HI Guys,

Thanks for all your responses;

Ashley, no I haven’t really looked at Buyers agents – I will do now though. I’ve been doing some sums on holiday rentals – though haven’t thought about the Caravan park aspect – sounds interesting. How do you get involved in areas like this?

Commercial realestate is another area th…[Read more]

Hi Terry,

Thanks:)

Yes, as you’ve mentioned my main problem is that Perth is just getting too pricey to make the numbers work out.

I’ve seen quite a few opportunities in the Northern Corridor, though the outlay has been at least $350K + for the same property I could have got for $90k 4-5yrs ago!

I don’t mind out laying this amount, thou…[Read more]

Hi Squeak,

Do you have a shack in lancelin – or are you looking at buying one there? If you have one – then yes, I would hold on to it for at least 3-4years.

There’s lots of development planned all the way up the coast – from yanchep to lancelin which is only going to push the prices up.

If you are considering buying up that way then it might…[Read more]

anyone looking to do a H&L in somerley (northern suburbs) of perth… here’s their latest release;

http://www.somerly.com.au/somerlyemail/release15-16.pdf

personally I think it’s abit pricy – though saying that H&L up that way are now fetching $430k+

anyway, back to work[smiling]

Wayne Leech

http://www.WaynesGuide.com – Accommodation in…[Read more]

Hi PC,

You can expect an average of 1-2% each month. We had a contract with WA Housing Centre and they tried to put a $10K + increase on us within 1.5 months!!! We are now with Home Buyers Centre.

I’ve also heard that due to new building requirements new house prices may go up by another 10%!

when will it stop huh!!!

In regards to who is…[Read more]

Hi Brian,

Ocean lagoon has been around for about 5 years plus. It was developed by Peet & Co. The same company that did Caramar and Kinross.

I heard blocks were around the $50-$60k mark when they were first released!!! though these weren’t the ocean view blocks. The growth has been amazing in the last 3 yrs or so.

Rgds

Wayne

Wayne…[Read more]

btw, for any one that missed out at capricorn village… i just put my block on the market in ocean lagoon today… it’s over 700sqm and has guarenteed oceans views if you build a 2 storey….

http://www.realestate.com.au/cgi-bin/rsearch?a=o&s=wa&cc=&c=32623095&tm=1144057285&id=2283654&f=0&p=30&t=lan&ty=&snf=rbs&ag=&cu=&fmt=&header=

anyone…[Read more]

Hi Suzie,

That’s great to hear! I think alot of people are starting to see the potential up there… if you have a look at the prices of blocks at Jindalee (the next suburb below) you will be quite suprised!!

Wayne Leech

http://www.WaynesGuide.com – Accommodation in Western Australia.
List your holiday home for FREE!

Hi Brian,

Yep – marmion ave is the key to Yanchep. As soon that’s through Yanchep will go berserk!

I’ve actually just put my block on the market at $335k (Its in Ocean Lagoon – Yanchep). I’ve had it for about a year now. I don’t really want to sell it as once marmion ave is through it will be worth alot more – though due to financial…[Read more]