I have been searching the Perth Property Market and was wondering if anyone has any suggestions on what suburbs look interesting. I have contacted the Dept of Valuer General and am obtaining some reports from them. Any suggestions as to where to look for growth or where I can get some good reports. Have looked at 3 suburbs Beaconsfield, White Gum Valley and Hilton but have to look carefully as there was some low level income housing in some of these areas but it is starting to pick up due to proximity to Fremantle and shortage of property. Any suggestions would be welcome as I am finding it very difficult to try and get a positively geared property (or when doing my calculations even coming close) as due to low rentals they all seem to be negatively geared. Am interested in 1 property that I could subdivide and sell off 1 block and the vendors are separating but it is still negatively geared Total cost $400,000 interest $24,000, rent $15,360 (not including other expenses and of course tax deductions). Could sell the land for $200,000 – $230,000 but of course expenses with that. Any suggestions as to how to go about this one to make it a viable purchase? Sorry such a long post but I value the opinion of the people here on the forum.
Hello Kellie,
Being from Perth, and specialising in research and providing cash flow positive properties to eastern states and other investors, I understand your plight.
Firstly, you will need to look in the inner city suburbs. Secondly, you will need to find a descent apartment, or even townhouse/villa. Thirdly, you will need to have all of your costs and income, fully documented, and analysed.
From here, you are able to step forward.
In regards to the subdividing, were you wanting to find a cash flow positive home, and sell the back portion??
David Femia
Femia Property Group
Property Investment Consultants
http://www.femiapropertygroup.com.au
Hello Kellie,Being from Perth, and specialising in research and providing cash flow positive properties to eastern states and other investors, I understand your plight.
Firstly, you will need to look in the inner city suburbs. Secondly, you will need to find a descent apartment, or even townhouse/villa. Thirdly, you will need to have all of your costs and income, fully documented, and analysed.
From here, you are able to step forward.
In regards to the subdividing, were you wanting to find a cash flow positive home, and sell the back portion??
David Femia
Femia Property Group
Property Investment Consultants
http://www.femiapropertygroup.com.auHi David,
Thanks for the post but by inner suburbs can you be a bit more specific. I do not have a apartment or villa singled out as yet. I do have all our income and data in order and will have all viable aspects of the property I intend to buy in order. There are a couple of options on the subdivision but it would only be a short term investment. Appreciate your thoughts.
Kellieanne
Hello Kellie,
Are we able to discuss this privately?
Email me at [email protected], or call on 9349 1332.
David Femia
Femia Property Group
Property Investment Consultants
http://www.femiapropertygroup.com.au
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