Craig, Nigel’s point is a very valid one. Often you may pay an inflated price for a good tenant, as commercial is generally return-orientated. Another thing to consider, is the potential GST issues. A standard PAYG (non-GST registered borrower) may pay GST on the purchase price, however the lender will nett the purchase price for their lending…[Read more]

Lancellin is a terrific spot, only 1 hour north of Perth, Im quite a fan of it. It is a tourist haven especially over long weekends and school holidays, however I consider it quite pricey in comparison to surrounding areas. Ledge Point is about 10 mins south and I believe has more to offer, but it all depends on what sort of investment you’re…[Read more]

Paula, the major banks and lenders will generally bawk when they hear about vendor terms, as they usually involve a 2nd mortgage being registered by the vendor and/or a caveat.

The contract of sale by offer and acceptance, or O&A (as used in WA) details terms of purchase including deposit and other conditions. THis is normally where your vendor…[Read more]