PropertyInvesting.com | caz_in_perth | Activity https://www.propertyinvesting.com/members/caz_in_perth/activity/ Activity feed for caz_in_perth. Mon, 13 Apr 2026 05:25:16 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 1f7e341d54d2c06f274630c169f476e2 caz_in_perth replied to the topic crazy perth property in the forum Help Needed! https://www.propertyinvesting.com/topic/4384283-crazy-perth-property/#post-4541069 Mon, 13 Feb 2006 02:12:14 +0000 I have been totally shocked! It’s a feeding frenzy here.

Long time since I posted here. Our plan was to invest first in our own home and then use the equity increase to purchase our first IP. Well in the last 12 months we’ve had over 60% increase in value. Very happy with that result and we are now looking for the right property but it is going…[Read more]

]]> 0a88cbb17d17fb4f3ebf2e7b4ffec0cc caz_in_perth replied to the topic Urban Renewal Houses are great buys in the forum General Property https://www.propertyinvesting.com/topic/4368355-urban-renewal-houses-are-great-buys/#post-4431209 Wed, 01 Oct 2003 10:03:21 +0000 These areas are great!

I bought in Medina shortly after the Kwinana (WA) area had been “renewed”. Sold it for a nice profit to buy my current property – and to a buyer that hadn’t even inspected inside. He can’t be unhappy though as it came with a good tenant and would have already gained between contract date and settlement!

In Perth these…[Read more]

]]> 2ea92f6b17d01a69c0773ad7c837fb1d caz_in_perth replied to the topic Invest or Buy to Live in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367287-invest-or-buy-to-live/#post-4424983 Thu, 28 Aug 2003 00:58:09 +0000 I think a lot of people forget that their first home is not going to be their dream home. That’s why the cheaper “fixer uppers” are often advertised as “first home or investment”. It could be 2 or 3 down the track before you can buy what you like.

You are right to approach it as though you are buying an IP as your first home is the biggest…[Read more]

]]> 37fa12441b02107cb3767dbfb412bfe2 caz_in_perth replied to the topic What's your profession? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367252-whats-your-profession/#post-4424489 Wed, 27 Aug 2003 02:23:47 +0000 Stay at home mum (13 month old) with a useless arts degree :) Most of my working life for past 10 years has been web development. Also a published author but we won’t go there.

Rather spend my days with baby and when time allows educate myself on methods other than PAYE to establish future financial security.

Partner is in IT and also bored :)

]]> ac30ae4dcfbdfef5fc5f5a5897c93dc2 caz_in_perth replied to the topic Buy before or after one has sold one's house ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367241-buy-before-or-after-one-has-sold-ones-house/#post-4424415 Wed, 27 Aug 2003 02:07:45 +0000 I believe we have avoided this problem by settling both at the same time (and stipulating the coincidental settlement as a condition of the contract). Not all vendors will accept this condition of course, they may have already bought elsewhere subject to sale and have a particular settlement date on their new property.

It has worked for us though…[Read more]

]]> 8707a315ce1f43b213313d435f8ed9b1 caz_in_perth replied to the topic Buy before or after one has sold one's house ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367241-buy-before-or-after-one-has-sold-ones-house/#post-4424412 Wed, 27 Aug 2003 01:46:52 +0000 If settlement occurs on them both simultaneoulsy we each take possession the same day. How does this affect insurance?

Not sure I’m with you there. Even if we had overlapping insurance premiums it is still cheaper than overlapping mortgages.

]]> 1b6ac7bd6deeee9fdc904bc01a47d387 caz_in_perth replied to the topic free deposits in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367245-free-deposits/#post-4424430 Wed, 27 Aug 2003 01:39:04 +0000 It is fraud to obtain by ommission or deception an amount greater than the actual purchase price. You may get the “early settlement rebate” or “subject to repairs” clause past the bank IF the total is equal to the bank valuation. Banks have LVR for a reason.

I reckon it’s safer to just find a bank that will do a higher LVR and cap it with fees so…[Read more]

]]> 4828eead58e2b7f6f6a6b690eeb5beb6 caz_in_perth replied to the topic Buy before or after one has sold one's house ? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367241-buy-before-or-after-one-has-sold-ones-house/#post-4424410 Wed, 27 Aug 2003 01:16:16 +0000 When we were looking for a new PPOR we found that first, stipulated in the contract subject to sale of existing proprty AND settlement on both properties to coincide. We then put the place we were selling on the market with the same agent we are buying through. So far it has gone very smoothly. She sold our old property to an investor in 3 days :) If…[Read more]

]]> c5c56f0ed5bc497fba8d0469e12e816d caz_in_perth replied to the topic Confused and houseless in perth in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367170-confused-and-houseless-in-perth/#post-4423974 Sun, 24 Aug 2003 22:23:32 +0000 Hi Clarksonclan. Don’t know if it will confuse you more or not [:)] but I have a lot of fun playing with the charts at http://www.aussiehome.com.au. They’ve just updated it with the june 03 figures. I look for suburbs that *haven’t* had huge gains lately but have potential due to future infrastructure.

As a tip in Perth (and coming from a south of…[Read more]

]]> 3551d1be2068d50feec6b2ff1d1d7319 caz_in_perth replied to the topic Landlord vs Tenant in the forum No Subject https://www.propertyinvesting.com/topic/4366915-landlord-vs-tenant/page/2/#post-4422196 Sun, 24 Aug 2003 21:58:54 +0000 Hope it all works out for you vluu27!

Michael, excellent advice! We hadn’t given it a lot of thought, just the convenience of not moving before the end of the school year but yes, in future any vendor rent back we do will be put in a lease at the time of drawing up the contract.

Well now we are looking forward to moving in and getting stuck into…[Read more]

]]> 42cc8d737a932e8fac799494a2cc2a57 caz_in_perth replied to the topic Was the broker really working for us? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4367157-was-the-broker-really-working-for-us/#post-4423869 Sun, 24 Aug 2003 21:49:58 +0000 Stuart, Josie was indeed in touch with us and if not that we were running out of time I would have asked Prosolutions to take another look at it for us, I was impressed with the initial report you sent us. As it was I felt the local broker was doing a good job right up until the Pepper debacle.

The brokerage that our “advisor” works for has all…[Read more]

]]> ecd24e491e2fcc0c7d7ec660a17d34bc caz_in_perth replied to the topic Landlord vs Tenant in the forum No Subject https://www.propertyinvesting.com/topic/4366915-landlord-vs-tenant/page/2/#post-4422193 Fri, 22 Aug 2003 23:41:14 +0000 So while you were trying to be nice and get opinions on the course of action that was best he strung you along and looked for somewhere to rent asap?

We had a clause in our latest contract to rent back to the vendors which was worded in such a way that only gave them “entitlement” to rent back for 3 months (we should, in hindsight, have worded it…[Read more]

]]> 343c51fb1d91b33a4fd3ef63556ca460 caz_in_perth replied to the topic Maximizing Borrowing Power by renting out PPOR in the forum No Subject https://www.propertyinvesting.com/topic/4367041-maximizing-borrowing-power-by-renting-out-ppor/#post-4423007 Tue, 19 Aug 2003 02:30:07 +0000 Sorry but it sounds like mortgage fraud. I’d think very carefully about that.

Just read an article about it in the MIAA magazine while waiting in my brokers waiting room :)

]]> 3418013c0acb7fb3406d3bfe8336b8c0 caz_in_perth replied to the topic IP and FHOG in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366291-ip-and-fhog/#post-4418602 Fri, 08 Aug 2003 23:30:15 +0000 Here is the relevant section of the act for NSW, it is the same for WA.
http://www.austlii.edu.au/au/legis/nsw/consol_act/fhoga2000250/s11.html

(3) An applicant is ineligible if the applicant or the applicants spouse has, on or after 1 July 2000 and before the date on which the application is made, held an interest in property (other than…[Read more]

]]> d626543b96278effebe2f3846bd99162 caz_in_perth replied to the topic IP and FHOG in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366291-ip-and-fhog/#post-4418601 Fri, 08 Aug 2003 22:39:02 +0000 Where did you get this from Elysium?

quote:I know that in WA, once you buy an investment property, you can forget about the FHOG (unless you move into the investment property within 12 months) as your PPOR – this is all detailed in my DIY residential settlements/conveyancing book that I’m writing.


I called the OSR in Perth last week and spoke to…[Read more]

]]> 1103592b988c7604c489866e1f457ad6 caz_in_perth replied to the topic Inspired Single Mum in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366774-inspired-single-mum/#post-4421437 Fri, 08 Aug 2003 04:58:54 +0000 You can claim parenting payment if you own an investment property and you can still claim rent assistance if you are renting. I was doing just that until I moved in with my defacto. You must declare your net income you make from rent and you fill out a real estate form with all your income and expenses on it.

I also worked part time as working…[Read more]

]]> 687935c10cdbb73b213bdc66c1b5f799 caz_in_perth replied to the topic $7000 homebuyers grant Vs renting in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366766-7000-homebuyers-grant-vs-renting/#post-4421402 Fri, 08 Aug 2003 00:56:23 +0000 Double check with the state revenue office. I did and found out that in WA at least, you can buy an IP, not claim the FHOG and STILL get the FHOG later when you do buy your first home to live in.

Also, if you claim the FHOG you have 12 months to take residence and there is no set amount of time that you need to remain in the property. BUT you…[Read more]

]]> 3e27aefc093dee8958e99f9c127dda1e caz_in_perth replied to the topic 60k - Single mum - dreamer ?!?!? in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366670-60k-single-mum-dreamer/#post-4420856 Fri, 08 Aug 2003 00:05:09 +0000 HI Tira Jayne

I was single mum when I bought my first home so I thought I’d share my story.

I was on a pension after my divorce with a grand total of $2000 after the settlement :) Not eligible for FHOG I got a crappy part time job and saved every dollar I earned for 3 months to get my deposit, then I went to the government sponsored lender in WA,…[Read more]

]]> 5266a77d266eb0eec7d964532c37b6d5 caz_in_perth replied to the topic That magical 20% in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366750-that-magical-20/#post-4421259 Thu, 07 Aug 2003 22:53:08 +0000 Thanks everyone

Rusty073, the 20% is needed to avoid mortgage insurers which most lenders go to if the loan is over 80% of the property value, we have been told by several lenders and brokers that the insurers won’t go for a recent change in employment (even though we’d previously been told that within same industry it was ok – seems what you are…[Read more]

]]> 0d9130997322eb4ef9dad56eae65e2d3 caz_in_perth replied to the topic Best choice in Perth in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366450-best-choice-in-perth/#post-4419503 Mon, 04 Aug 2003 02:19:04 +0000 Hi Boothy

I have been getting $130pw for the last 12 months, could be up to $150 if I did a repaint but I prefer to keep the rent low as I have a nice tenant and it is positively geared. I just put it on the market at $110 000. The property next door just went on for $128 000 so we’ll see how they both do.

You could hedge your bets if you want…[Read more]

]]> 54a74fdf380f3dffcd03aade60591be5 caz_in_perth replied to the topic Best choice in Perth in the forum No Subject https://www.propertyinvesting.com/topic/4366450-best-choice-in-perth/#post-4419499 Fri, 18 Jul 2003 23:19:04 +0000 Hi Here is a comparison chart I’ve had lots of fun with the last couple of days.
http://www.aussiehome.com/trendCharts/default.asp

We too looked at Armadale but decided that the rental vacancies were too high. If you look in The West to let section there are columns of them and some have been there a while so I don’t know where the 1% vacancy…[Read more]

]]> 6aaf74a63e648443959d927e3b8e1d1c caz_in_perth replied to the topic Perth Northern Suburbs Investment Potential in the forum No Subject https://www.propertyinvesting.com/topic/4365967-perth-northern-suburbs-investment-potential/page/3/#post-4416769 Tue, 15 Jul 2003 08:37:07 +0000 Hi Caeryla

My IP is in Medina, Currently rented out for $130. I bought 5 years ago for 69K 3 bed plus sleep out, brick (lots of fibro homes in that area) with lovely jarrah floors. I lived in it for 2 years and the area is very liveable, like a country town but only 12 minutes from Rockingham, 15 minutes from Fremantle and 30 from the city. It…[Read more]

]]> 8a5cd896522e989ddad6d63622bc5ad2 caz_in_perth replied to the topic Opinions Please in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366408-opinions-please/#post-4419279 Mon, 14 Jul 2003 10:51:26 +0000 I don’t understand how renting is a good strategy. Stu or somebody can you explain?

Sorry if it is a basic thing I’ve missed but I am new to this and we are paying 12K pa out in rent and that is really bugging me as I would rather spend it on a mortgage.

We are trying to save for a PPR and I have one IP we are trying to hang on to rather than…[Read more]

]]> 1c3dcabca707c29e68d3bcd8c2ad1acd caz_in_perth replied to the topic I want to rent it from... ME! in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366372-i-want-to-rent-it-from-me/#post-4419046 Fri, 11 Jul 2003 07:20:21 +0000 I’ve been thinking about this too.

Can I rent a property to my defacto and then live in it too?

The property has been tenated for the last 12 months and they have indicated they want to move and I want to do some improvements to it so it could be kind of handy :)

]]> 34bd5870155c77be6fa9d3dcacaf7ddb caz_in_perth replied to the topic I want to rent it from... ME! in the forum No Subject https://www.propertyinvesting.com/topic/4366372-i-want-to-rent-it-from-me/#post-4419045 Fri, 11 Jul 2003 03:20:41 +0000 I’ve been thinking about this too.

Can I rent a property to my defacto and then live in it too?

The property has been tenated for the last 12 months and they have indicated they want to move and I want to do some improvements to it so it could be kind of handy :)

]]> 5bcc30235652c72487ddecd45a63d903 caz_in_perth replied to the topic Rent Increase - My Conscience Says Wait in the forum No Subject https://www.propertyinvesting.com/topic/4366332-rent-increase-my-conscience-says-wait/#post-4418823 Mon, 07 Jul 2003 09:18:50 +0000 my tenant is also a single mum and great tenant, I decided not to increase rent to encourage her to stay on.

This decision can be both compassionate AND good sense business wise. If she decided to move I would have to find an equally good tenant and a vacancy period of two or more weeks would cost me more than I would gain from a small increase…[Read more]

]]> 4cb67c09fb963cc6d2a5a4db941c74c7 caz_in_perth replied to the topic A rare breed indeed... in the forum The Treasure Chest https://www.propertyinvesting.com/topic/4366330-a-rare-breed-indeed/#post-4418787 Mon, 07 Jul 2003 08:20:28 +0000 I am the owner and moderator of a group that focusses on selling (and buying) at online auction. All members are women with children and it is an amazingly generous and supportive group. I wondered if it was because we are women that it is more in our nature [:X] to help each other but obviously the same generosity can be found amongst people…[Read more]

]]> e6b03cdbc1b56addcb373095b4ae5ed2 caz_in_perth replied to the topic Should I accept this offer? in the forum No Subject https://www.propertyinvesting.com/topic/4366312-should-i-accept-this-offer/#post-4418695 Mon, 07 Jul 2003 00:51:31 +0000 Hi and thanks for the replies so far.

It seems the consensus is to hold the property :)

I realised on the weekend that if I put myself in the position of looking to buy a second IP would the existing property fit my criteria and decided that yes it did and I also thought that if another investor wants to offer me 95k (the offer was made theough an…[Read more]

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