Unless you are going rural you don’t find cash flow positive properties.  You have to Make them. Typically this is done by strageties suchs as subdivision, and selling off the land, a retain and build or my favourite a HMO (rent by the room).  Even better is to get a property where you can  layer in these strategies into a single pu…[Read more]

Unless you are going rural you don’t find cash flow positive properties.  You have to Make them. Typically this is done by strageties suchs as subdivision, and selling off the land, a retain and build or my favourite a HMO (rent by the room).  Even better is to get a property where you can  layer in these strategies both.

Here is an example th…[Read more]

Ask anyone in Kalgoorlie at the moment about how vulnerable the system can be. No power, no gas, no air con, and no ability to pay for basics like food  unless you had cash under the bed.

Before purchasing, speak to a local town planner. The medium density design guide lines come into force in September (with some restrictions) you will need to tread very carefully.  Basic rule of thumb, to build a single story 3 x 2 home you will need a lot of 300-320m2.  If the lot is smaller than this you will have to build 2 story.  Whilst th…[Read more]

Dan Patton – Developed 0424 975 902 is your man.

I’m guessing its wheat farming land?

Given the size of the lots I’m not sure on the cost or what conditions you would have to meet.  You will need to consider road access if the new lot is accessible off a gazetted road.

There is a saying. Yield keeps you in the game, capital growth gets you out of it.

Whilst the Initial yield on a 200k purchase may sound good, by the time you take into account land tax, council rates, typically higher vacancy rate, difficulty in getting quality property management and, the difficulty of finding reliable and affordable trades ,…[Read more]

Hi There Isabeau

Your best bet is to speak to Dan from Developed. 0424 975 902.  He achieves small miracles on a regular basis.  Give him the facts and he will give you an honest opinion.  Sounds like you might be off to JDAP.

You will also need to consider that in todays environment that there is a limited pool of banks willing to lend in this space.  As a result, it comes with a high interest rate (I’ve seen 1 bank at 6%) and a much higher loan to value ratio.

Hi There,

Sales agents are people too.  A lot of people tend to treat them worse than they deserve.  If they open home is busy the agent may be too busy hustling to talk.  Try a follow up call on a Tuesday or Wednesday.  Then go meet them at one of their stale listings when it is open.  Be nice, friendly and treat them well.  you will be surpr…[Read more]

Hi Alison,

If you are looking to purchase a commercial property, you can expect to encounter significant problems financing you building purchase.  Due to Covid 19, I have seen banks decline a few commercial deals, despite good serviceability.  Added to this you have an unproven business with no financials.  Borrowing will be very di…[Read more]

I would go back to the selling agent and advise that if you cannot get an inspection, you won’t be settling.  With settlement this close you can guarantee that the seller is well advanced in their moving on plans.  If they still refuse, I would definatley terminate the deal.  The only qualifier I would put on it is if you got it at an ou…[Read more]

It looks like they have just become insolvent. I think that sums up what they are like.

https://insolvencynotices.asic.gov.au/browsesearch-notices/notice-details/ASSET-PARTNERS-WA-PTY-LTD-135545729/af7c7a1f-6a3b-46cc-ba2f-fd78436bb60e

It looks like they have just become insolvent. I think that sums up what they are like.

https://insolvencynotices.asic.gov.au/browsesearch-notices/notice-details/ASSET-PARTNERS-WA-PTY-LTD-135545729/af7c7a1f-6a3b-46cc-ba2f-fd78436bb60e

It looks like they have just become insolvent. I think that sums it it

https://insolvencynotices.asic.gov.au/browsesearch-notices/notice-details/ASSET-PARTNERS-WA-PTY-LTD-135545729/af7c7a1f-6a3b-46cc-ba2f-fd78436bb60e

It looks like they have just become insolvent. I think that sums it it

https://insolvencynotices.asic.gov.au/browsesearch-notices/notice-details/ASSET-PARTNERS-WA-PTY-LTD-135545729/af7c7a1f-6a3b-46cc-ba2f-fd78436bb60e

Don’t

You are looking purchasing in a falling market, where there is a lot more supply currently under construction. A lot of the pre-sales for these new builds are going to fall over, causing more downward pressure on apartment prices.

Being patient will lower your purchase price and increase your yield.

There is better to be had in other…[Read more]

Don’t

You are looking purchasing in a falling market, where there is a lot more supply currently under construction. Alot of the pre-sales for these new builds are going to fall over, causing more downward pressure on apartment prices.

Being patient will lower your purchase price and increase your yield.

Hi David,

One thing to consider, prior to establishing your SMSF is the cost of your money, depending on what it is that you plan to do your interest rate will be higher 1-1.5% as will your deposit. Talk to your broker about what to expect before you establish.