FIDO replied to the topic EOS property group – Karratha townhouses in the forum General Property 11 years, 4 months ago
For anyone interested – actuals below on these 1 bed units in Karratha:
Build time 2.5 years
Total Cost (exc interest) $437k
Market Value approx $320k
Rental return $450/wk if you can rent it-
FIDO replied to the topic Which way out of the Pilbara? in the forum Help Needed! 11 years, 10 months ago
Thanks for the PM’s
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FIDO started the topic Which way out of the Pilbara? in the forum Help Needed! 11 years, 10 months ago
I’ve made a couple of bad investments – a development in Karratha and one in Port Hedland. Both are one bed apartments that took over 2 years to complete….. Key points:
– I can sell both, gross loss of $200k – if I can sell, cost ~$275/wk gross
– I can rent both at a combined gross loss of $650 per week at current market rates.
– Unrented is…[Read more] -
FIDO replied to the topic About to become an “Armchair Developer” in the forum General Property 12 years ago
Hi Crido
Have been researching EOS / Armchair investor and came cross this. Sorry for all the questions.
Did this finish on time?
What rate interest was this financed at?
How much equity/rental yield resulted?
What was the communication like?
What about build quality?
Would you do it again?
Thanks -
FIDO became a registered member 12 years ago
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