Recent content by Keen

Thanks again Rixter! Redwing - deposit is lent funds from a Line of Credit which has sufficient funds for the 20% plus costs. $345K @ 6% for 120 days = approx $6k Profit margin is so I can I ask if I look at a property worth $X, how much after tax profit can I potentially make. As the...

Thanks MTR. I bought in 2009 at $407k - 3x1. I am also one street back from the beach. About 100m to walk to the beach. No storeys - but you can see some water from the front yard. Rent $310 p/w. Perhaps we are in the same street! Old Madora Bay is very hard to price - as new Madora Bay...

Westminster - certainly worth considering - but holding on for a year does stop you from doing subsequent reno's using the same funds. If you can do greater than two renos in a year then its probably worth selling asap - if not then probably best to hold for a year an increase your profit...

I have a place in Bunbury in which I was recently given a scale of fees from an agent - $420k is $19k What more can I say? Perhaps I should ask some Perth agents as your indications below suggest the fees are a rip off.

Thanks all for the responses. thatbum - I am trying to understand the numbers so you can see what suburbs and then types of properties that stack up as potential candidates. The numbers come from the ATO, a real estate agent, conveyancing costs on previous properties I have bought and sold...

Hi all, I am currently dabbling with what numbers make a good reno possible. What purchase and sale prices to return what profit. Is the following sound in my general assumptions? I have some very rough numbers. Purchase Price:$300k WA Stamp Duty, Conveyancing and Bank Fees: $15k Reno...

Thanks all. Doh! So I can't subdivide or build more than one dwelling on this property as an R20. MTR - Yes my IP is in Old Madora Bay. I am keen to learn more about what you may / may not do with your property. Mine is highly negatively geared and prices have dropped substantially...

Hi all, Having thrashed about on the Internet for several hours I still can't find some definitions to some of the language used when reading about R - Codes. I'm sure these are simply enough for those experienced out there - so please help. I have a square 814m2 block - 20.12 x 40.48...

I have found an area I believe will be strong for capital growth. Only problem is the properties that fit my budget and location have asbestos in them. I never touch these sorts of houses - due to the stigma. But I feel the location of the block means I should give serious consideration...

Hello Can anyone recommend a good Landscape architect / designer for Perth - North of the River? Regards and thank you in advance. Keen

Well, having thought about ways to seriously get over the Debt Serviceability issue we all encounter sooner or later, I keep coming back to the same strategy. Buy the traditionally real dump in the best street (structurally sound, but otherwise a real mess), spend say up to say 10% equivalent...

You are an absolute legend! How long I have tried to get just a simple mapping program up and running! This is going to save me (because I often use map techniques) soooo much time. Many thanks Regards Keen

MJK, You probably know this well. In the end its what you can sleep on that really counts. If your gut, natural instinct is against this then you probably shouldn't. If you are still keen to go ahead - you need to be very very confident that the capital growth will be worth it. You need...

I have heard one economic company state Perth will have 20% growth over the next 12 mths, whilst another stated 3% for the year. I spoke to a Bunbury REA today. He says that demand for established houses in the area have dropped off so much that REA are probably spending more time in Cafe...

Guys, Thanks for the very useful info. Thanks sailor for the links - looks like I'll be doing a bit surfing tonight.:) Regards Keen