Forum Replies Created
- Quote:Originally posted by HotRod:
Can I just ask why buy in Perth?[ohno]
You are basicly buying on a gamble that prices will go up (they generally do but can anyone tell what the price of a property will be in 12 months, impossible).[thumbsdownanim
Unless you manage to CF+ it you are just plain gambling with lots of money. I’d rather get a cut every month and there are places outside Perth that will do that for you easier for a B&H but you can do LO’s etc in Perth if you want to lock in you profit now.[thumbsupanim]
I’d rather be certain of something now rather than living in hope of something in the future.
[jerry]
Later……..
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Hi Jerry,1. Try to buy a vacant house and build a house yourself with a help of a builder and you are investing at 20-25% cheaper than an average property investor. This investment strategy allow you to enjoy a 20%-25% developer profit margin easily, giving more than 100% cash-to-cash return within 12 months period.
2. I’ve built 2 houses at the Anchorage Estate in Rockingham, WA 6168 in 2003-2004. My investment costs amounted to A$416,000 but today the 2 completed houses have a combined valuation price of A$650,000, after a 2 years period.
3. I am now building my third and fourth houses in the same estate, using the available equity in my first 2 houses, with no need for additional cash deposit.
4. Do your own due diligence and start investing now! You do not know what you are really missing out in the Perth property market over the last few years and again for the next few years.
5. If you really want to +cf, I will recommend that you buy a piece of vacant land and develop a house on it. Sell off the newly completed house for a quick A$60,000-A$70,000 profit after 12 months and it is much better than your +CF approach.
regards,
Kenneth KOHHi, everyone,
Please include me at [email protected] in your discussion as I am presently looking into investing into Perth
I’m presently planning to acquire upto 2 pieces of vacant land lots and “land-and-build” house packages at the Anchorage Project in Rockingham, as an overseas investor.
Anyone care to share their local knowledge and views on the Anchorage Project, Rockingham or/and the Randford Community Lioving at CanningVale.
Thank you.
kenkoh2000
