Forum Replies Created
Hi wealth4life,
I looked into buying in Perth, met with buyers agents, but for the same amount of money and the distance from CBD, I could only get townhouse or villa with no option for value adding in the future. Hoping for the capital growth only was not the option. As far Carina Heights is concern, I couldn't find a free standing house for sale under $500K last time I checked on the net (only townhouses).
To answer god-of-money,I don't think that all buyers agents in Australia are spruikers. They simply provide the service for a fee. At least they are working for me, not the seller. I might be inexperienced or naive, time will tell if I made the right decision.
As stated before, I didn't want the hustle and time spend to find the right property, hence I was prepared to pay for it.Warm regards
Greg
Hi guys,
I am also an inexperienced investor from Perth (with one IP). My friend and mentor using and recommended to me Chan&Naylor Accountants in East Perth. They are very knowledgeable in all aspects of property investing.
You can find the contact with them on the internet.Regards Greg
Hi,
I didn't realised that my post will generate so many questions. I will do my best to answer them all.
Metropole fees: one of strategy fee $1000 (doesn't apply to future property purchases) and 2.5% buyers commisison.
Property was second hand, in Carina Hights, bildding inspection revealed repairs to the roof and gutters for which Metropole organised the deduction from seller to pay for it. From many pictures and agent's thorough inspection property looked good for the age. Painting was recommended by the agent, quotes provided. Property was listed by another agent. Metropole agent inspected the property one day before its listing on the internet. He recommended the price for the offer and the terms of the offer. The first two attempts on other properties, we were outbid by higher offers. It took 3-4 weeks to find the property, but that can vary. The agent was a senior adviser with more than 10 years experience in Brisbane realestate (not sure about the certificate?), in my humble and inexperience opinion, very knowledgeable.
I don't have any other connection with Metropole and my testimonial is totally unsolicited! I have attended their presentation in Perth and after some deliberations decided to give them a go.
Metropole are the property managers and so far I thing an excellent one.
The Metropole's concept of the total package (were I didn't need to do anything) did appeal to me and I was prepared to pay for it. That obviously my not be suitable for everyone. I am quite sure that if my property is going to perform well and be well managed, I will use the Metropole for the future IP's purchases (on which I am sure they counting on and should have a vested interest to provide me with a good service).
I hope I managed to answer most of the questions.Warm regards,
Greg Rochowczyk
Hi,
I purchased my first IP through Metropole office in Brisbane in October 2009. I could not be more complimentary about the service provided. I was guided and kept fully informed at all times. Few houses were targeted and let go (too expensive) on the advise of the agent. Finally, I got the house on 728m2, 8km from CBD for $453,000. The Metropole Property Manager organised cleaning and painting ( in 2 days! ), finded good tenant in 2 weeks and since than no problems so far. Living in Perth and "taking a plunge" into the unknown market was a risk and source of some stress. However, Metropole"s very professional, totally customer focused service, made the process very smooth and hustle free. Buying in over priced Perth and spending endless weekends driving around doing reseach was not an option. I was happy to pay the agents fee and enjoy my weekends.
If the service in Sydney and Melbourne is as good as I experienced in Brisbane, I can recommend the Metropole as the organisation worth giving a go.
Please be aware that if you are looking for a cash positive properties, or further than 10km radius from CBD, than Metropole is not for you.Regards Greg
Hi,
Chan & Naylor would fit your requested profile.Cheers Greg
Hi Coogee,
I think ATO will view this as a tax avoidance behaviour. You should seek ATO's ruling before you undertake this strategy. Better be save than sorry.
Cheers Greg
