Profitable straight reno flips are difficult to achieve within the Perth CBD market. Going further afield is usually more profitable. The negative is that the sales cycle is longer.

With in the Perth CBD market, I would suggest that a renovation subdivision deal is far more lucrative. I have three good properties on my watch list at the…[Read more]

Profitable straight reno flips are difficult to achieve within the Perth CBD market. Going further afield is usually more profitable. The negative is that the sales cycle is longer.

With in the Perth CBD market, I would suggest that a renovation subdivision deal is far more lucrative. I have three god properties on my watch list at the moment.…[Read more]

Hi Sami,

You have what is called a split density code. The R17.5 is the minimum development possibilities for the site. If the property meets certain criteria, you may be able to develop at the R40. The exact requirements will depend on the specific pocket you are in. As stated above, ignore what the real estate agent says. The majority of…[Read more]

Thanks Benny

Hi Christian,

To put it bluntly the rental market in Perth is not good at the moment (but the buying is sensational!). A balanced market is 3000 properties for rent. Currently we are hovering around the 10,000 mark.

I would look be actively researching comparable properties for rent in your area. In the current market, properties are…[Read more]

Hi Christian,

To put it bluntly the rental market in Perth is not good at the moment (but the buying is sensational!). A balanced market is 3000 properties for rent. Currently we are hovering around the 10,000 mark.

I would look be actively researching comparable properties for rent in your area. In the current market, properties are…[Read more]

Hi Christian,

To put it bluntly the rental market in Perth is not good at the moment (but the buying is sensational!). A balanced market is 3000 properties for rent. Currently we are hovering around the 10,000 mark.

I would look be actively researching comparable properties for rent in your area. In the current market, properties are…[Read more]

Also include a dishwasher if your place is more than 2 beds. They can cost as little as $300 + your time to install, but tenants want them.

Hi Walter,

I am a buyers agent in Perth. In short, the market is going to remain flat for at least the next 8-12 months.

If you do not have any other investment properties, I would suggest buying within driving distance of home, the experience you will gain over a few years will steady you for when you do go interstate. If you are…[Read more]

Hi Rob,

I have to disagree, A soft market is the best market to be doing buy and hold renovation The trick is to find a motivated vendor and purchase well below market value. In the GFC I purchased a property in Edgewater for 100k under initial listing price, Held it for just under 3 years and sold it for 165k more than I paid for it after a…[Read more]

Hi Deisi,

I endorse Richards comments. Here at Momentum Wealth, we have a service called a Property Wealth Plan where we look at your income, your risk profile, your current portfilio and your serviceability and put a written plan. The plan is reviewed annually, to keep you on track. However being based in Perth, it is WA centric.

WHere abouts do you live?

Hi Paul,

Looking from the outside your are over analysing. As a landlord, your role is to give the property maximum appeal for minimum $ and for every $1 that you spend to add $2-4 in capital appreciation.
1) Fails capital appreciation rule. A neat clean tidy modern kitchen will generate enough wow.
2) speak to a friend who is good with…[Read more]

And then double the time period they tell you.

Hi David,
Steves’ fund? Can you elaborate please?
cheersPete

[/quote]

Hi Pete,

Here is the link to the funds website.

Home

I’m pretty sure its fully subscribed, so you may have to go on the waiting list for investors who want to sell out. I received my latest fund statement this week. In short, I purchased u…[Read more]

If you are serious about investing in the USA, Try listening to the Bigger Pockets podcast.

http://www.biggerpockets.com/renewsblog/category/podcast/

It will give you a grounding on the differences between the two markets and the problems investors face over there. You will find that there are significant issues with contractors, tenants,…[Read more]

Hi Ben,

That is a very open ended question, and all you will really get is peoples thoughts. Any serious property investor is going to tell you it is always a good time to invest in property, it is just a matter of where to invest. No matter what, people are going to need a roof over their head.

If you are seriously entertaining investing in…[Read more]