This is a recent purchase that is a hybrid of the above…[Read more]

Here is an example th…[Read more]

I’m guessing its wheat farming land?

Given the size of the lots I’m not sure on the cost or what conditions you would have to meet.  You will need to consider road access if the new lot is accessible off a gazetted road.

Whilst the Initial yield on a 200k purchase may sound good, by the time you take into account land tax, council rates, typically higher vacancy rate, difficulty in getting quality property management and, the difficulty of finding reliable and affordable trades ,…[Read more]

Your best bet is to speak to Dan from Developed. 0424 975 902.  He achieves small miracles on a regular basis.  Give him the facts and he will give you an honest opinion.  Sounds like you might be off to JDAP.

Sales agents are people too.  A lot of people tend to treat them worse than they deserve.  If they open home is busy the agent may be too busy hustling to talk.  Try a follow up call on a Tuesday or Wednesday.  Then go meet them at one of their stale listings when it is open.  Be nice, friendly and treat them well.  you will be surpr…[Read more]

One of my rental properties has two large self storage areas, under the house that I want to lease out.  There are a few apps out there to do it, but which one is the most used?  No one wants beta max of video recorders.

Are there any tips or tricks I need to know about?

Tahnks all

If you are looking to purchase a commercial property, you can expect to encounter significant problems financing you building purchase.  Due to Covid 19, I have seen banks decline a few commercial deals, despite good serviceability.  Added to this you have an unproven business with no financials.  Borrowing will be very di…[Read more]

https://insolvencynotices.asic.gov.au/browsesearch-notices/notice-details/ASSET-PARTNERS-WA-PTY-LTD-135545729/af7c7a1f-6a3b-46cc-ba2f-fd78436bb60e

https://insolvencynotices.asic.gov.au/browsesearch-notices/notice-details/ASSET-PARTNERS-WA-PTY-LTD-135545729/af7c7a1f-6a3b-46cc-ba2f-fd78436bb60e

https://insolvencynotices.asic.gov.au/browsesearch-notices/notice-details/ASSET-PARTNERS-WA-PTY-LTD-135545729/af7c7a1f-6a3b-46cc-ba2f-fd78436bb60e

https://insolvencynotices.asic.gov.au/browsesearch-notices/notice-details/ASSET-PARTNERS-WA-PTY-LTD-135545729/af7c7a1f-6a3b-46cc-ba2f-fd78436bb60e

You are looking purchasing in a falling market, where there is a lot more supply currently under construction. A lot of the pre-sales for these new builds are going to fall over, causing more downward pressure on apartment prices.

Being patient will lower your purchase price and increase your yield.

There is better to be had in other…[Read more]

You are looking purchasing in a falling market, where there is a lot more supply currently under construction. Alot of the pre-sales for these new builds are going to fall over, causing more downward pressure on apartment prices.

Being patient will lower your purchase price and increase your yield.

One thing to consider, prior to establishing your SMSF is the cost of your money, depending on what it is that you plan to do your interest rate will be higher 1-1.5% as will your deposit. Talk to your broker about what to expect before you establish.

Can I suggest that you call Gavin from The Land Division 9209 3232. He will be able to advise what is possible in 5 minutes, and he won’t charge. Say you have been talking to me.

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]

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]

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]

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]

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]

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]

https://www.meetup.com/en-AU/Boutique-Investors-Group-Property-Education-Networking/

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]

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]

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]

The average lot size for an R60 is 150m2, with a minimum of 120m2, so the council is correct, the theoretical maximum is 5 units. Reality will depend on the block shape and what the market wants. Just because you can get 5 on doesn’t mean you should. At 150m2 including driveway, you are left with something pretty unappealing to a…[Read more]

For my company it starts with a Passion for property, then is experience and then down to knowledge and finally…[Read more]

gavin@landdivision.com.au
9209 3232
http://www.landdivision.com.au/

Tell him David Hall from Momentum Wealth sent you and he will look after you.

I traveled from Perth and took 5 days off work to attend. Having attended last year I convinced two other friends to attend this year. My eldest son is a national level athlete. He would have benefited significantly from hearing Daniel Flynn’s story. I am kicking myself for not inviting him. He will be attending with his brother n…[Read more]