Hi Surrey, your property in Mandurah that can be sub-divided sounds very good. Where’s the location?

I am sure you are aware that Mandurah has been one of the best performing areas over recent years and still going ahead.

Unfortunately building in Perth market at present is not too crash hot – with labour shortages – building can take up to 18…[Read more]

Hi there,
I just sold a regional property in WA which was positively geared. I got cold feet when the mining company did not proceed with expected plans, as the area would not achieve future CG.

Also, Dazzling its not the bikies you need to watch out for?? You probably have a higher risk of bikies renting one of your industrial ware houses. Some…[Read more]

Hi Dazzling, Congratulations, you seem to be going from strength to strength.

Keep hearing how well businesses are doing and comm/indust rents predicted to soar, about time.

We are now looking at purchasing another factory unit for our company as we have outgrown the current.

Would be interested to know who finds your properties, do you have…[Read more]

I would not give fans a second thought, give it away.

Aircon, is the norm and it is expected these days in rental properties. Aircon can be cheap, shop around.
I would also look at whether you could put the rent up to cover this and it will be a win all around. I would not be wasting time on fans.

Hi there,

I usually contact local council regarding rezoning issues.
Try – reiwa.com.au, regarding specific suburb you are interested in, you will then be able to establish council/city.

They will be able to identify/advise on projects currently on the table.

I hope this makes sense.

Regards, M

Hi there, I maintain hard copy of every item and allocate specific files for each property.

I also use MYOB which is an excellent package and I reconcile every month. I have a great book keeper who set me up and now I just maintain. This has worked well to date.
It may cost upfront but well worth it.

Hi Redwing, last article I read in West about 1 month ago, it was 30%, amazing what can happen in one month.

I find it hard to take any article too seriously, especially in current climate, in particular when person(s) have a vested interest in talking it up.

I personally would not buy land over (land & house) which will provide income, unless…[Read more]

Hi there,

I would say that it is not a good time to build. I would also look at whether there is more value in established homes.

In the first instance I would look at market value of the area where you are planning to build. Will the cost of building + interest be substantially less than established homes currently on the market? Make sure you…[Read more]

Hi there, JPD has commented on Esperance in recent post.
Try searching, this should help.
Cheers, M

Hi Michael,

Congratulations on your success.
I am also reluctant to step side of Perth.

Enjoyed reading your comments “Is Now the Time to Develop” in API.

Cheers, Marisa

Hi Michael,

Sorry, this is off the subject, but I have recently received information on your company and I am a little disappointed that you do not have any projects/developments in Perth.

Will this be on the cards down the track?

Regards, Marisa

Hi there,

I wish this was the case in WA.

If you purchased land 12 months ago building new would have been the way to go, and certainly many people have made handsome profits.

Unfortunately land prices have risen 20-30% in WA over the past 12 months. It is taking 12-18 months to build a home, and from what I can see too many new homes on the…[Read more]

Hey Woodsman
thanks for your post, you must be reading my mind.

[biggrin]

Always keep an eye on the cashflow and your ability to service loans.

Hi JPD

thanks for your informative post on Esperance.
You have given me lots to think about.

Cheers, Marisa[biggrin]

I believe Steve Navara also follows similar strategy

Hi Marc

I’ll tell you what is scary though, if my IPs remain vacant because I am not realistic with my rents. The lose will be more than just a couple of dollars.

Cheers, Marisa

Hi All,

This is interesting, and lots of fun, but lets get back to the topic and answer shaztas’s original question……

It was something like “how many of you are considering putting up your rent/s due to the latest rise in interest rates?

The way I personally see it is –
generally suburbs with a limted number of rental properties in a well…[Read more]

Hi Wayne,

have read a few articles on this subject one in the West and the others God Knows. some time back now.

No specific area mentioned, 20% + increases are not expected to occur due to these ongoing land releases.

Sorry, this is not too helpful but certainly something to keep in mind as this could really impact on your strategy.

You seem…[Read more]

I am surprised no other person has commented on Mt Hawthorn. I guess inner-city areas have taken second precident to coast properties.