Hi bt,

Yes, I agree on Joondalup – however the price of places around joondalup have gone up alot. You will probably need to heavily negatively gear whatever you purchase in this area.

Though, yes I think this is a good area to look at.

Wayne Leech

*Below are links to my websites – any feedback, comments would be…[Read more]

Hi Recoveryman,

Thanks for your help.

Can I ask why you suggested geraldton? I’ve heard there’s good spots, and bad spots in geraldton. Do you know which areas to avoid?

Cheers

Wayne Leech

*Below are links to my websites – any feedback, comments would be appreciated:)
http://www.landsearcher.com.au – List your land for FREE (Private sellers…[Read more]

Hi Mic,

Interesting comments you’ve made. Thanks for that:)

Is it possible to subscribe to a copy of this weekly newsletter you publish?

Do you have an electronic version you distribute?

Rgds

Wayne

Wayne Leech

*Below are links to my websites – any feedback, comments would be appreciated:)
http://www.landsearcher.com.au – List your land for…[Read more]

Thanks Derek,

once again – your feedback has been very helpful!

Hey, have you thought of writing a book;)

Is this the form your refering to?

http://www.ato.gov.au/content/downloads/NAT2036e2004.pdf

I’ll print it out and have a read tonight.

Do you know if there are any forms on the ATO website which list the items you can claim depreciation…[Read more]

Hi guys,

Thanks for your feedback – Muchly appreciated!

No, I won’t be purchasing anything through these guys:)

– Wayne

Wayne Leech

*Below are links to my websites – any feedback, comments would be appreciated:)
http://www.landsearcher.com.au – List your land for FREE (Private sellers only)
http://www.homesearcher.com.au – List your property…[Read more]

Hi Guys,

I’m not exactly sure if it is PAYG tax.

I recently went to a “dale alcock” turnkey investment seminar.

They we’re showing examples of how if you build a new home for the first five years you can claim depreciation on the new home and item’s within the new home – eg, flooring, blinds, air con and so on.

On a home and land package of…[Read more]

Hi Derek,

At the moment I don’t have any PPOR. I own a property in merriwa (which is rented out) and the block in yanchep though at the moment I’m renting with my girlfriend.

So if I continued renting, purchased a block of land – built a home on it – then moved into it to finish it off (I’d estiamte about 2-3 months to add the finishing…[Read more]

Yep, that’s the one:) cheers Derek:)

Wayne Leech

*Below are links to my websites – any feedback, comments would be appreciated:)
http://www.landsearcher.com.au – List your land for FREE (Private sellers only)
http://www.homesearcher.com.au – List your property for FREE (Private sellers only)

Hi Jaffasoft,

Thanks for your comment. Can I ask which salvage yard you worked for? Was it in Perth?

Maybe I’ll give these guys a call:)

cheers

Wayne

Hi birdy,

Yeah, I’m going to build on it eventually – though not for a couple of years. Once the marmion extension is up there I think it will atract much more return!

let me know how you go!

Cheers

Wayne

Hi Simon,

Yes it is a brick house. Okay thanks.

Wayne

Hi Guys,

Thanks all for your help and advice:) This give’s me a good idea of what’s possible.

I’ll factor around $7k into my calcualtions for demolishing – then it will be a bonus if I can get it done for cheaper:)

Cheers

Wayne

thanks Earl. I spoke to a real estate agent today and he said around 5-6k though it seemed a little low…

Wayne Leech

*Below are links to my websites – any feedback, comments would be appreciated:)
http://www.landsearcher.com.au – List your land for FREE (Private sellers only)
http://www.homesearcher.com.au – List your property for FREE…[Read more]

hehe – i’m guessing it’s somewhere between two rocks and mindarie??

Wayne Leech

*Below are links to my websites – any feedback, comments would be appreciated:)
http://www.landsearcher.com.au – List your land for FREE (Private sellers only)
http://www.homesearcher.com.au – List your property for FREE (Private sellers only)

Interesting…I’m from Perth aswell, and my block is located 30 secs away from the beach:) Where about’s is your block?

I actually think there is alot of money to be made this way, aslong as you pick the right areas. One of the key factors is to make sure the land choose is quite unique and has good potential for capital growth.

Wayne…[Read more]

Hi Birdy,

You sound just like me;) I’m in exactly the same situation. I have done some calculations and I too see this to be very profitable – but yes the only thing that will affect your profits is Capital gains etc.

I’m currently looking into setting up a trust etc to help decrease the CGT I pay.

Where are you thinking of building?

Where…[Read more]

Hi Guys,

Thanks for your replies.

Liz, when you refer to construction loan – what do you mean by this exactly?

Yes, that’s what my last broker said about me being 100% liable. I hoping that maybe I can refinance the block on the equity thats been created within the block? My rental wouldn’t be guarantor for the block then, and then with…[Read more]

Hi Luke,

Good to hear from you!

At the moment I’m renting in duncraig, with the merriwa house rented out (positively geared).

Yeah I’m tempted to hold on to them – but if I sell up the merriwa house – i could then raise approx $290k which would allow me to re-invest into other areas which I feel will return more growth.

AS mentioned before,…[Read more]

Thanks for your advice Redwing. I’ll get a copy of that book and have a chat with Ausprop or David Femia:)

cheers

Wayne Leech

*Below are links to my websites – any feedback, comments would be appreciated:)
http://www.landsearcher.com.au – List your land for FREE (Private sellers only)
http://www.homesearcher.com.au – List your property for…[Read more]