All Topics / Help Needed! / general help

Viewing 8 posts - 1 through 8 (of 8 total)
  • Profile photo of baconbacon
    Participant
    @bacon
    Join Date: 2008
    Post Count: 46
    November 12, 2008 - 1:17 am

    Hey guys,
    I have one property which is currently being rented while I am away for the next 6 months.

    I am wanting to buy another investment property but want some help

    On a place such as this

    http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105288356&f=10&p=10&t=res&ty=&fmt=&header=&cc=&c=30977747&s=wa&snf=rbs&tm=1226452040

    How would you guys evaluate if this is a good buy?

    Lets make it an even $400k

    Would you want to work out what you would get from rent / rates / borrowing etc

    Just general help thanks

    Or would $400k be spent off somewhere else!

    Profile photo of nattybronattybro
    Member
    @nattybro
    Join Date: 2008
    Post Count: 2
    November 12, 2008 - 3:33 am

    what would be the rent return on this appartment

    Profile photo of baconbacon
    Participant
    @bacon
    Join Date: 2008
    Post Count: 46
    November 12, 2008 - 4:45 am

    $300 per week

    Profile photo of howardcmhowardcm
    Member
    @howardcm
    Join Date: 2008
    Post Count: 65
    November 12, 2008 - 5:07 am

    You would be looking a lot closer at $350 to $400 a week I would think having done quite a bit of research on the Leederville and West Perth area lately

    Profile photo of baconbacon
    Participant
    @bacon
    Join Date: 2008
    Post Count: 46
    November 12, 2008 - 5:10 am

    Hey howardcm,

    Thanks for that.

    Do you happen to have msn and want to chat some?
    Would be good I think.

    If you do have msn pm me or give me your email if you don't mind chatting.

    Profile photo of baconbacon
    Participant
    @bacon
    Join Date: 2008
    Post Count: 46
    November 12, 2008 - 5:32 am

    so lets say $400 a week.

    $400 a week (1600 a month x 12 )  = $19200
     400 k =  purchase price

    19200 / 400,000
    =

    RIO

    Profile photo of howardcmhowardcm
    Member
    @howardcm
    Join Date: 2008
    Post Count: 65
    November 12, 2008 - 5:43 am

    I dont really use msn

    Have a look on realestate.com.au and compare what similar properties in the same suburb and surrounding suburbs are asking for in rent.

    Theres a renovated 1 bed 1 bath townhouse up the road from the one your looking at asking $440 a week

    Profile photo of baconbacon
    Participant
    @bacon
    Join Date: 2008
    Post Count: 46
    November 14, 2008 - 7:47 pm

    Howardcm

    Where you getting your research from.

    There are a HEAP of apartments for sale in North Perth especially Kardina street.

    Just tried looking some stuff up and found

    North Perth, WA 6006

    		View a map showing the location of North Perth...  Map

    <!––> Houses

    		 
     Median Price$705,000
     12 Month Price Growth  4.0%
     Rental Yield–

    <!––> Units

    		 
     Median Price$290,000
     12 Month Price Growth  -31.0%
     Rental Yield 
Viewing 8 posts - 1 through 8 (of 8 total)

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