Hi Wayne,
Thanks for tip, this was interesting, saw this a couple of weeks ago.
Congratulations on your recent purchase. Regards, M

Hi John
sorry, this is really off the topic…. and thought you may be able to shed some light on what is happening at Preston Beach.

Overseas investor has spent $Ms purchasing land which will be developed, 800 home…[Read more]

Rob, always luv your sense of humour.

But would like to know what is the most practical way to deal with this. I am sure many people with IPs have dealt with same, it really is causing me grief. Thanks

[biggrin]

Let’s get real,
Visit PI or SS and you will read many posts which provide meaningless information – regardless.

Dont we all sift through the posts and from time to time find something useful?

If you are not interested…. I say, just tune out.

Hi Paul

With your equity and I see you are from WA I would continue purchasing. There is still ongoing potential for Capital Gains in Perth and South West area.

Regards Marisa

Hi all
spoke to my broker today, exit fee ST George $300 which is fine.

Asked about a better interest rate. Apparently because land a house package, some lo doc lenders will only provide money when at lock up stage and he stated it was difficult to find a better lo doc product for this scenario???????

Have any of you had similiar experience for…[Read more]

Hi Guys,
Thanks for all the great feedback. I am waiting on further clarification with a couple of the issues you mentioned in posts.

These are the rates I was quoted:

St George
Variable rate – 7.32%
1 year fixed rate – 6.94%
3 year fixed rate – 6.89%
5 year fixed rate – 6.99%

Even if I were to go for fixed rate I was told I would be charged…[Read more]

Hey, this is getting a little boring, same stuff.

You all need to come and investigate Perth RE market, different story here.

Some have wised up.

Hi Redwing

BEST MOVE –
My best move was buying the property I live in. We purchased 12 years ago for $185,000 and with reno it is now worth close of $1M. This allowed us to purchase additional properties.

WORST/DISASTEROUS MOVE
Not doing my homework/research adequately and purchasing an IP in the wrong location.

KEY ADVICE
I believe research is…[Read more]

Hi there,

I also find Residex the best.

However we also get reports from local papers which provide useful comprehesive info.

Last report dated 27 Feb 2005 was excellent and I can give you a brief overview on report regarding Regional and CG over 12 month period.

Augusta-Harvey (All increase over 12 month change)
Augusta – 33.3%
Boyup Brook -…[Read more]

suzieq, congratulations on your Northam property. Great stuff.

I am actually building in the south west, Dalyellup Beach Estate(Bunbury).

Rental returns are brilliant compared to Perth market and with depreciation it is costing very little to keep. We were fortunate enough to buy a block with title – as someone’s finance fell over.

I believe…[Read more]

Hi Derek, thanks for very informative post.

Do the Investors Club provide details on amount of equity required for this system to work today. I would be interested in this info.

Regards, M

Hi centralian

I went to one of their seminars/talks which a friend recommended a few months ago now.

They have been in business some 25 years mainly unit developments and last 3 years have been involved in land & house packages in areas such as Canningvale, Merriwa.

I can not comment about whether they are a good company to deal with, though I…[Read more]

Hey Westan
Hope you all enjoy the USA and keep us informed on what is happening, I am sure you will.

I lived in Washington DC for some time had the best time.

Good luck
Cheers, M

Thanx John, I have asked for referrals and will see. Keep everything crossed.
Cheers, M

Hi John
I have been told from Representative at Ventura homes that in South West are only taking 12 months in total, this includes paperwork.
Stated that they dont take on more than 15 homes per month in this region.

Do I need to be concerned???

Regards, M

Hi Redwing

That dam ‘comfort zone’ always gets in the way.

I guess though there are many people out there who could not get their head around purchasing more than 1 IP, let alone commercial/industrial properties.

[biggrin]

Something interesting – Dale Alcock, are boasting that building time currently is 9 months in total (Perth/regional).

Ventura Homes – approximately 12 months.

Apparently House prices in south west (WA) going up 2% per month – that is absolutely frightening. Couldn’t give me the pen quick enough.[comp]

Thanks Dazzling, these deals are not too hard to find. I usually read …….and say “I aint got the $$$$$”.
So what do you do, partner? rich father-in-law or what……!!!!! No offence intended.[biggrin]

Hi There,

I could probably write a book on my experience of owning an IP with a pool.

When renting out my property, it was definately a negative if it was winter time. Some people liked the property but did not want a pool.
However, I had no problems renting in summer.

I would make sure you get a pool inspection, (this is not costly) but…[Read more]

Hi Redwing
I agree, many people have made exceptional returns purchasing land in WA, South West has also done very well as you would know. I am in process of purchasing land in SW pocket, and will build as soon as possible.

I was referring to holding land for the longer term and whether this growth would be sustainable.

There are many…[Read more]