I am very active in the Perth market. It has definitely come off the bottom. We have gone from a peak of 17,000 properties for sale (Buyers market) 18 months ago to a balanced market of 13,100 properties for sale (balanced market). Over the last 4 weeks this number has come up to the low 14,000’s as the spring listings hit the…[Read more]
There are two major lithium producers in WA The Galaxy mine in Mount Caitlin and Greenbushes, with another 3-4 mines either under consideration or construction in the state. The single biggest investment is in Kwinana with the 400$m lithium refinery that is currently under construction. Lithium is not a rare metal, and is usually taken from…[Read more]
You cannot use and or Nominee in WA without attracting stamp duty. The only exemption allowed is within a family eg change from father to a son or from a husband to a wife. This is however at the discretion of the commissioner and should not be relied upon.
David Hall replied to the topic Flipping and Access for renovations during settlement in the forum Help Needed! 3 months ago
I’ve done it extensively in my own portfolio and some of my clients have been comfortable doing it. Under WA law (it may be different where you are) there are two risks to consider;
The first is that the seller is upside down and the bank will not let them settle, you have improved the property and the bank will keep it with out paying…[Read more]
Hi to all.
I am undertaking a feasibility on a sport re-zoning for a day care site in Perth. I have a site that is perfect, in terms of demographic, income, and an absence of competition. in a preliminary kick off meeting with council, they have indicated that subject to the usual process they would support a spot rezoning.
The site is 1500m2.…[Read more]
Purchased for my clients
47 Taywood Drive Wanneroo WA. Paid 375k,Its a retain and build triplex site. Land value each block 160-180k + original house post subdivision 320-340k
283 Morley Drive east Lockridge WA. Paid 375k. Getting $600 per week rent. Property has yet to settle, due to ex husband and wife warring with each other, but we are…[Read more]
I am currently offering on one of these right now for a client. Its a nice little destroyed home that the owner has smashed up when she was high. There is not much left.
In my offer, I have accepted the property as is, but it is still subject to undertaking due diligence to my satisfaction. I will not be able to request that the seller pays for…[Read more]
I spent a few years working in Indonesia for a mining company. When I left there 8 years ago A foreigner could only purchase if they had an Indonesian partner, who gets 51%. Corruption is rife and the government is far from honest and transparent.
I would tread very carefully. Find 2-3 people done it, get their experiences and…[Read more]
I think it will end at some time in the future. We have a federal government that is unable to control spending and cannot get anything through the senate. We have sold most of our government owned assets, so there is very little left to sell off. We also have a rapidly aging population and a shrinking pool of tax payers.
Negative gearing will…[Read more]
I work for Momentum Wealth. As part of our business model, we have 4 in house finance brokers who specialise in investor and development finance. We receive weekly briefings from them as to what changes are being made in the finance market.
APRA has imposed a continual tightening of credit on the big for and second tare lenders. The…[Read more]
I can also suggest BIG
A typical meeting is 30-50 people, focusing on property investing. A typical meeting consists of a networking session, 15 minute presentation followed by a 1 hour presentation and then more time to network.
This months presenter is Jill…[Read more]
David Hall replied to the topic Can I Get Your Thoughts on This John Templeton Quote? in the forum General Property 1 year, 2 months ago
I’m a big fan of timing the cycle. Its just very hard to pick when is the top and when is the bottom, until they have passed.
I’m hearing some very crazy storied about prices In Sydney and Auckland. I get scared when 50% of the market are investors, and your yeilds are in the high 2% range, my fire alarm is ringing. People are not investing…[Read more]
Can I also suggest that you continue to invest in your property education. This is much cheaper than you think.
Keep reading books. I started off by reading everything in the local library. There are also some great podcasts out there (every day property investing, real estate talk and bigger pockets) and then there are the investment…[Read more]
The answer will depend on the soil type. A minimum would be 100mm 25mPa. It will also go beyond just slab thickness. Your footings will need to be designed for the correct soil type as will the reinforcing steel. A Geotechnical report will be required first, before an engineer can give you the corect design. If you have high clay soil…[Read more]
Further to What Benny said, you may wish to hold off on selling down your other unit. I have contacted council on your behalf. You are in a special zoning area, that allows for a minimum lot size of 180m and three stories (Its complicated) provided you have over 1500m2 of land. If you can acquire a few more units over time (you will…[Read more]
The property is well located and presented as you said. It is close to all amenities and work hubs. The area you are in is from memory zoned R60, so there is a lot of infill to come.
Adding sliding doors to the wardrobes, or at least the master would add significant appeal to the property. Its is the only thing I can see missing from…[Read more]
As a professional buyer of property within Perth, the problem you are having is one of over supply. There is simply too much stock with too many motivated vendors willing to take a haircut to get out. In Rockingham there is so much supply to come on in planned subdivisions, apartments and sub divisible land. All but the best located…[Read more]
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