jhopper,

yeah – my 15% does seem a little high – though according to the past increases 0f 25-30% – and if the infrastructure plans go ahead I think it will pull of:)

Yeah i’ve been looking at lancelin too – I’m also heading up to jurien bay at easter to have a look what’s happening up there – so i’ll keep u posted:)

So what do you do in Perth?…[Read more]

Hi Jhopper!

Thanks for the reply:) Yep you guessed right:)

I have considered looking down Mandurah/Rockingham area – though I live up near Mindarie and consider that my “area of expertise”

That was my line of thinking with the “coastal view” blocks, as in the Perth Metro area nearly all houses with ocean views are a minimum of $500k -…[Read more]

Hi all,

In Jan 2005 I just finished renovating a 4×2 in Merriwa. It took me nearly 5 months to complete and cost me around $15k though the 4×2 I purchased at $185k is now valued at $240k +. I now have tenants in there paying $215 a week. My other 3×2 in Merriwa is paying $195 a week (This is the one that is +).

Yes, you are right – Merr…[Read more]

Thanks Marisa,

In most of the areas I’ve been looking the land has increased in value by at least 20% for the last 2-3 years, though with the market slowing, and keeping in mind that land prices are getting quite expensive compared to established – I’m not sure whether this trend will continue?

What do you think? Do you feel the Perth Market is…[Read more]

jayzac,

i see you point, though I would also tend to agree with Marisa aswell. I think it depends on the area your are looking at. For example, I have been looking at land in jindalee – which is right next to quinns rock – no main roads divide the two.

Blocks are $210k plus, where in quins rock you can get 4×2 still for around $300k! I think…[Read more]

resiwealth,

where are you doing all this development?

Can you explain what you mean by ‘whole sale’ land?

Do you have any land avialable in the perth metro area?

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]

Thanks for your replies!

This helps me get by figures alittle more accurate!

Ausprop, can I ask why you think the materials and skill shortage will only get worse? I thought it would get slightly better with not as much activity in the market…?

Saying this though, I did hear that National Homes just laid 150 slabs – though now they don’t…[Read more]

Thanks Terry,

Yes, I had thought of redrawing on my mortgage though as you’ve mentioned the equity just isn’t enough…

So in regards to getting a straight business loan do you think I would be unsuccessful? When you say they charge higher interest rates – how much higher?

I guess I could always wait until the equity has increased enough in my…[Read more]

Hi Guys,

Thanks heaps for your replies:) Wow, this is much more than I expected!

What about the ‘serviceability’ of the loan? If we borrowed $500k we’re looking at $760 + a week… wouldn’t the banks consider this unrealistic, eg – if one of us lost our job then this would affect our ability to pay the loan quite dramatica…[Read more]

Mine is $37,500 (p.a)

Lisa’s is $34,500 (p.a) (approx)

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 guys,

sorry for the delay in reply… just got to work after my radiator blew up half way down the freeway! anyway…after waiting 1hr for RAC and spending $360 on a new radiator i’m back![cigar]

The house was a standard 3×2 for $195 a week. The house was painted all different colours – including apple green for the main bedroom! Overall it…[Read more]

cheers jhopper! much appreciated[biggrin]

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)

G’day Jhopper,

yeah, I’m going for that “tropical” look:)

Though if it gets to costly, I may have to look at alternatives…

I’ll be putting some natives in aswell – though to create that “height” aspect I quite like the palms:)

Cheers

Wayne

Wayne Leech

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

Hi Fiit,

My issue is more a budget issue, rather than consideration for future purchasers. (even though I would love to keep them happy too!)

I have a very limited budget (after spending too much on interior rennovations) – therefore I’m forced to look at cheap alternatives for the gardens. Ideally I would like to put kane plams throughout -…[Read more]

Hi Guys,

Is it mainly the seeding that annoys people about Coco palms?

I actually like the look of them – though i guess everyone thinks differently:)

If it is the seeding, then I plan to sell this house within 5 yrs…so hopefully i won’t have to worry bout seeds dropping everywhere:)

Anyway, thanks all for your input – i’m gunna take a trip…[Read more]

thanks jan:) yeah i was thinking of having a look up at Wanneroo… though I think the markets only have a small collection…

do u happen to have a number for “Trees-R-Green”?

thanks

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…[Read more]

Hi Fiit,

Thanks for the advice, though budget is bit of a factor – do you know how much kane palms are? (approx)

With the seeding, I’ve heard this only happens once they reach 10 yrs +… is this correct?

cheers

Wayne

Wayne Leech

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

G’day all,

Bought my 3rd IP in August for $185k Merriwa, Perth…have been spending many late nights, and weekends, renovating this place by myself.[cigar]

Even though it’s been challenging working fulltime whilst trying to meet reno deadlines, and trying to keep to the budget, I’m learning heaps and hope to have it all finished and rented out…[Read more]

Hi johngee,

I would look at what your goals, long term strategy is? eg, are you looking to create cashflow …or are you looking for the capital gains? If your looking for capital gains then selling up and re-investing the money into another more productive investment maybe the way to go…

In regards to the block being permitted for a duplex…[Read more]

G’day guys!

Again, thanks for your input:)

I ummm’d n rrr’d… then after doing a few tile cuts I’ve decided to go with the skirting boards on top of the tiles. I see your point Tools – however in my situation placing the skirting boards on top has allowed be to make a few “measuring mistakes” along my wall lines and be able to get away with…[Read more]