Recent content by pango

Well, ive had the place advertised at $1250pw for 2 weeks now and no bites. Just instructed the agent to go for absolute market reality to get me a tenant. That is now $1100pw apparently, as she just signed one up at that rate for 12 months with 6 monthly review. Thats $1700pw to $1100pw...

I think that prices will take a hit. When I bought the place in 2006 I was getting $1200pw. At $625k it still represented good yield so I guess I am back to where I started. I have had rents or $1200, $1400 and $1700pw over the stretch so CF has been good. Im in for the long ride so it...

Hi Jenko, I live in the northern beaches and see very good buying there too, however, as said in previous posts, the yields are poor compared to what you might get in say western sydney, but the price makes them look good. There are many examples of below replacement cost opportunities, but...

Just heard from my PM that GROH will not be renewing the lease after the 5 year term expires next month. She mentioned that they were reducing the number of Govt personnel in town so had no further requirement for it. This may be hogwash? Possibly that there is so much new stock available that...

When will the demand for the camps start to decline and placement of staff into housing look attractive again?? If the camps became less profitable, and that will happen over time as demand decreases, they wind down and the pressure goes back into the rental market surely. This is what I...

Karratha...?????

Just my luck that my lease is expiring when there is plenty of supply. I tried this time last year to get my trogladite PM to approach GROH and see if I could renew the lease with them early on attractive terms for them but it was a little too much for her to grasp. Consequently I get to be...

Hi Venno, i bought there in 2006 at $625k for a 3x2 unit in Millers Well. Some people rolled their eyes at the deal, but I had a 5 year tenant thrown in to sweeten the deal? It has given me great returns over the years and has been positive CF since day one. I am getting $1700pw at present...

Surely though, if your strategy was just to go through with the purchase if you had too, and rent it out until everything was complete and you had found a buyer. I know this would tie up serviceability and equity for a bit, but as a short term fall back strategy?? I also think in this type...

A couple of years ago, one of the property magazines I bought had a CD attached that was by a young woman who was spruiking about how she had made millions of dollars by undertaking a unique Development approval process. It was something like: identify a property that had DA potential, knock...

Cairns property is great value in terms of what you get for your money, however as is often the case in this type of scenario, the long term CG prospects are poor. Rents have certainly risen this year. A friend settled recently on a block of 4 units which he paid $115k each for and they are...

It was in the APlus section of the Review lift out. Page 15.

The Weekend Australian ran an article in the property section that mentioned the future development proposals for Karratha and other Pilbara towns. A $1.5b improvement for the Karratha town centre that includes 1500 resi blocks linking the township to the coast. Ant thoughts on what this...

Question is, if you had a bit of equity built up in an IP there, is it a sign to bang out and take a profit, or sit and see if the Karratha fairytale can continue. I heard that there is a 1000 house construction tender from Rio Tinto out for whickam just up the road too. lots of new roofs...

Hi all, The Australian reports that free land will be on offer for developers in places like Karratha to stimulate growth and bring down the cost of housing. Has this been said and/or done before, and should I be worried?? My recent research into the state of the rental market there...