Benny
The Perth market has been moving over the last 2 years, there has already been substantial growth, in particular development sites.

What may be worth looking at are areas that are currently earmarked for rezoning ie Girrawheen, Koondoola, Beechboro, there is lots of competition for these as once zoning comes through then you can add value.…[Read more]

Engelo, Yes, I am sure many others are feeling the pain of dealing with IRS etc. never mind, worth it at the end:)

Hi Nigel
If you believe you have to do bigger projects then you are not actually looking. I have 3 projects on the go and would not touch them if there was not a minimum of 25% profit. Of course you are competing with other investors this will always be the case and builders have larger margins. I know several investors doing small projects in…[Read more]

Porsha
Some lower entry level areas you may want to consider are:  Girrawheen, Koondoola and Beechboro, these areas have all had significant growth over the last 2 years, however due to proximity to city and rezoning on the agenda they are hotly contested, I think you could source something around $425-450K, renting for $400 pw. Where can you…[Read more]

Many areas are not stacking up in Perth at the moment because development sites have been so hot pushing prices north and the end product has not moved as fast. I am currently developing in Perth metro, 3 unit site and calving up a corner block to build 2 houses. However, I purchased over 12 months ago but can not now buy in these areas for…[Read more]

Nigel
The time to buy development sites was 2 years ago, this is what I have been doing in Perth, not shaky at all, its a numbers game as long as it stacks up then I buy. The market in general has been rising and very strong in Perth, however I believe it is now starting to slow down. Sydney seems to still have some steam.
I am also developing…[Read more]

Hi hifo
Just keep researching and I would also look at the somersoft forum and where people are investing. In this part of the cycle I would be staying away from any mining towns regardless of the cash flow.
Sydney and Perth market started rising 2 years ago so I would probably be looking at markets which are started to rise, many are finding…[Read more]

Hi All
I started investing in Atlanta over 2 years ago, but I stopped buying when I could no longer achieve 20% gross yields, at that time I realised as a landlord it was not going to be fun, lots of slippage for example higher maintenance tenants, property management fees higher and other associated risks.
I believe that various property markets…[Read more]

HI jsnarr100

So what neighborhoods are completely investor owned?

It would be great to share this information.

Cheers, MTR

Hi Nigel
I agree his will go a long way, but without a plan/goal, courage and action you will achieve very little.

Kong
thanks for the link.

Cheers WI

Hi SG
My properties averaged around $12-15K this would include painting, HVAC units and carpets (all the itmns you mentioned).

Cheers WI

The multifamily deals you mentioned are cheap for a reason, these types of properties need to be run as a business, also if it is in the inner city areaas then most likely in areas that should be avoided at all costs. The cashflow will be negative and you wont be able to give it away.

WI

Hi mgdavis
I think you should search this buyers agent/company you posted, as you may want to reconsider purchasing from this group.  You will find you are paying too much for properties and do not touch their finance.

WI

No surprises here, I imagine there are many o/seas investors who will go through many property managers only to find that they are chasing their tail.

We say cheque, you say check, similar to property management, its like chalk and cheese.

WI

Hi Jay
Your build is always lower than what I have researched, so why $55 per sqm, how did you get this figure??? and how much is the lot,  Why is it that I always come up with around $70-90 per sq ft, what about inflation.

WI

Hi Speedy

$50 per sq ft is too high, no more than $30 I would also say.

Don't know Temple.

I think try to buy no older than 10 years and anything over 2000 sq ft would be great, I like my properties to return at least $1000 pm.

I don't know if it is too late, depends on your criteria. For me it is too late as I will only buy properties with…[Read more]

You did very well Jay.

Stir the pot a bit.

I am very curious as to what class Steve McK is buying for the management fund he has set up…. does anyone know?

If he is buying C and D this would certainly be a worry as you mentioned. Steve has I believe a partner in US who has I think 600 of these something like that….??

WI

Hi Cheeves

With regards to Atlanta  –  3 turnovers in a year, that would absolutely be a killer. 

I am curious, how would you describe  a 2 class B property?   

Those 6-8% yields I believe are just not attractive for foreign investors, coz we can not LEVERAGE in Australia and our interest rates are now very attractive, if you look hard enough…[Read more]

Why not talk about  buying up trailer parks we don't have these in Australia, seems like there are a couple of gurus that have made a zillion buying these, upgrading and creating huge cashflow.

How much of a risk for the foreign investor, what type of clients does this attract. I am not seeing a pretty picture, but then again I am perhaps…[Read more]

Jay
that is a concern though, if these funds throw properties back on the market in a couple of years, will this flood the market again and we will actually see a drop in property prices??

When do you think prices will level off.

Shame, RJ sold his properties from what I saw they certainly looked very nice.

Cheers WI