Hello Daaj,

I dont have a problem with your question. I also get curious about how many properties people on this forum own, who are the spotters etc.

We have 3 investment properties plus our own home.
One of these properties will be used for subdivision, so hopefully early next year when building demand slows down will have 4 IP.

One of our…[Read more]

Wow, thanks for all the great comments & useful information.

It sounds like I definately need to be a tad FIRMER with PM and tenant.

This has been going on too long the situation does not change. [medieval]

Somehow I really dont think the Movie ticket would work, not with this guy anyway.

Thanks to all

Hi Kay, cheap is OK, dont get burnt like we did make sure the painter is REGISTERED……. or else!!!!!

Hi there, I have found trying to make money can make me just MISERBALE….. while other people just thrive on it.
But I have found the answer for me has been a holiday home, a BOAT, fishing and cruising along and enjoying life. Now it dont come cheap but it is a trade off and seems to be making a difference in my life.

Hi there, currently doing the same you need zoning first and then a surveyor and finally your building quotes to find out whether it will be viable.

Also depends on your end plan, are you selling or holding. Need to look at similar properties in area what they are selling at etc.. Also beware that you do not build shoe box houses/units, as they…[Read more]

RussH
stop boasting, it is sickening. You are obviously making to much money!!!! good onya

Hi there, we purchased a property, fixed interest only loan for 3 years paying interest in advance. This was on the advice of our accountant. This was purely used as a vehicle to reduce our taxable income.

This can work well, it can also work against you if your income changes for whatever reason. You may want to check this out with your…[Read more]

RussH
from experience have found that most people would prefer to travel from Bunbury rather than live in Collie. DONT KNOW WHY????

Hello wormit, I find myself in similar situation, and asking the SAME questions.

I agree with most comments and prefer to look at long term and quality property, that I feel will give me the $ at the end of the day.

I hear the same story over here from Real estate agents that there are “LOTS OF EASTERN STATE BUYERS”, buying in Collie, areas that…[Read more]

Hi Rachel77
I just look at the obvious which has been stated a number of times on this forum.

I feel comfortable buying in areas which are good infrastructure, schools, transport etc. and if you are near a beach it is a bonus.

With the properties I have purchased to date this seems to work if you are looking at capital gains, which is what I…[Read more]

Hello there, my management fees are 8.5% inclusive of GST and I live in Perth. Shop around.
(Century21 Mirrabooka)

Good luck
([aacool]

hello everyone, thanks for the advice/suggestions. I spoke to my PM today and the tenant is quite happy to pay $160.00 and requires 60 days notice (as per lease agreement).

I have decided to upgrade security as a trade off which I think is a win win for all.
Cheers

Hi there, I think I have asked very similar questions and even more than once. Check these out.
Also you might want to look at Geraldton, Kalgoorlie, Karratha.
I have actually gone off positive geared properties, just dont feel comfortable with these areas…
Good luck

Thanks Derek, very interesting information…. will look at the areas you suggested.
Cheers.

Hi there, agree with Derek’s comments, however if you r looking for +ve property I dont think you will achieve this in Bunbury as prices have taken off. However, you will generally get a better yield return than Perth properties. Are you interested in land and house packages, as you can pick up a cheap block of land (Dalyingup?), this is really…[Read more]

Great idea, if you have the money and the figures add up in your favour.

I have heard some horror stories where people have lost money due to lack of expertise in this area.
You could always contact your neighbour’s in laws or shop around there are plenty of builders that specialise in this area which could give you an idea on the specific costs…[Read more]

Just got back from a wonderful weekend by the sea fishing and going out on the boat.
I did however manage to look at one house, toooooo expensive.
Oh well, back to the real world….

hi there, not sure about what is the best in Australia.
We purchased a beach house approx 1 year ago, one street back from beach and that has gone up 47% over last 12 months. The area “Madora Bay”, WA.

Cheers

Thanks Still at School ,
Calling on the expertise of REDWING to tell all on Kalgoorlie – Boom times at the moment – but what about the future….

Hi there, no need to rush, there will be plenty of opportunities, perhaps even more down the track.

There are many people on this forum that are knowledgeable that have helped me. Also keep looking at other resources, books etc.

Cheers