Maybe a good time to mention “John L Fitzgerald”

I went to a FREE seminar last night in Perth, promoting John L Fitzgerald’s Custodian Wealth Builders Group. Joyce Property Investment Group are developers involved in building land and house packages.

Would like to receive your comments. I thought their packages were a little pricey.

For those interested in Mandurah.

There was an interesting article in Sunday’s paper regarding Madora Bay.

As part of ongoing Coastal Planning for Mandurah, Madora Bay has been earmarked as a Regional Beach for the area. This plan has actually been endorsed and potentially means values in this area should soar.

Proposal includes 500 parking…[Read more]

Hi there, also here in WA some of the state housing areas have been upgraded by State Gvt. Many of these undesirable areas have been given a facelift and young families moving in.
Areas with excellent transport, facilities and still affordable. I would look at a trend over last 10 years (10% overall).
Cheers.

Hi Derek, time will tell..

For anyone interested… Nullaki Peninsular actually now selling at $400,000 to $700,000, I believe demand mainly from overseas investors.
Unfortunately out of my reach.

Collo,
As far as Bridgetown goes – vacant land is dirt cheap. Has 2 art galleries, 3 wineries, and lots of cafes and restaurants. Pop of around…[Read more]

Hi PK, quite bizarre… why would anyone want to pay rent when not actually living in property??

beats me…

Have you spoken to them about a specific date that they will move into the property.

I would only be concerned if they keep dragging it out, are theya trying to get out of it.

Pin them down to a date, meet them at the house, tell them…[Read more]

Hi Derek,

Have you researched recently,
20 years ago….donno……mmmm maybe things have changed… !!!!!!!!!!

Many developers went to the cleaners – due to the stink, that’s exactly what happened in Mandurah …. the rest is history…

I think formites should investigate, who knows may be a winner….

If you want to be one step ahead…. try Nullaki Peninsular, 28 km from Denmark, is a development to watch in the future. Waterfront blocks up to 100 acres are on the market from $350,000.

Others you may be interested in looking at:

Dunsborough – Cape Risk, only 1000 metres from beach, land starting around $180,000+

Broome – as it is a…[Read more]

Hi Zen, City of Stirling will be able to provide zoning information.
Internet sites – try REIWA

I would contact at least 3 local RE agents and find out how many rentals on their books and how many outstanding. Check local newspapers (Sat/Sun) to get an idea on rent income.
Good luck[biggrin]

Hi Dazzling

Around $500,000 +.[confused2]

Do you purchase without a lease in place?

Cheers, Marisa

Hi Zen, easy Yokine, hands down.

Wont get much for $300,000 – I would be looking for house on Triplex block, around $380,000. I think Yokine is one of Perth’s best kept secrets.

If you want the best location, city views you will be paying $450,000+, around the Yokine Golf Course.

You may also want to look at Joondanna and Yokine/Dianella…[Read more]

Hi Sharon

As Derek said many factors to consider when buying in this market.

We own an industrial property and from experience unless you understand the demand and the real value of what you are buying it is extremely easy to make mistakes.

Do your homework, contact people who sell commerical/industrial. If you decide to place an offer, I would…[Read more]

Hi C@34

Thanks for your reply, not sure
What do you mean by “if it is desired by the building companies”?

I have a contact who will assess property, he is a valuer in Karratha and I guess the risk will be dependent on this information, lease agreement, stats.

Thanks for feedback.

Cheers, Marisa[biggrin]

Hi there,
Surprisingly, and according to a recent government study (Canberra), this is the profile of typical person/s seeking seachange.

Age – 35-45
High income earners
1, 2 children

Reason for seachange –
Downgrading, selling assets to reduce working hours to spend more time with family.

Also stated they do miss the money (no kidding), but…[Read more]

Read article today in paper – “with current market changes – house buyers should apply a 30 year rule to their property investments”.
Looking at areas which have achieved an average annual increase of 11.8%.
10 suburbs listed as favourable locations:
%
Mt Pleasant – 12.7
Applecross – 12.6
East Fremantle – 12.5
Brentwood – 12
Nedlands -…[Read more]

Hi Cruiser
Hegney Property News is excellent and is free. Not sure whether you could arrange to have this emailed?? This group has been spot on with recommendations.

As far as Byford goes I have not researched this myself and am no expert.

$250,000 would get you a comfortable house that rents at around $160 pw on potential development site.

Hi…[Read more]

Hi Redwing

I think it is the Midland Redevelopment Authority which is involved in many ongoing projects. They can also give you an overview on what is currently on the table and future projects.

Also Time Conti is selling cottage blocks, as Jo stated trying to get this Subi Centro thing happening. Possibly specific building requirements etc.…[Read more]

I believe with current developments/improvements taking place at present in Midland this will affect adjoining suburbs such as Midvale and Bellevue. This is already happening.

I would only buy a house where block can be sub-divided down the track, as I feel this would provide best CG in future, (only my opinion).

You just have to look at areas…[Read more]

Hi DD, good to hear from you, always enjoy reading your posts.

How are you Perth IPs going?

I am currently looking at selling one of my IPs and buying 2 in different area, looking at figures at the moment. Current rents are still very low though.

Regards, Marisa[biggrin]

PK
I’m with you come on railway.

I agree esshole, here in WA we are still experiencing reasonable growth, in particular the sourthern coastal corridor.

Thats why the railway took so long, everyone thought Mandurah was full of pensioners who went crabbing all day long.[blink]
Seriously though, $800,000 for unit – $350. pw rent, that’s ridiculous. Gotta be better ways to invest that kind of money.