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Its important that Australia’s banks are profitable and well capitalised, even their profits to us seem almost indecent. And of course they all sing the same tune regarding funding costs. But you can see what the current Euro debt is doing to their ability to raise funds. The costs of their...

That’s the dilemma, even if the RBA cuts the cash rate as much as you say, will the four banks pass it on to their customers? One of our loans was arranged through RAMS and placed with their owners Westpac. Westpac has passed on the full .25 base rate cut, but RAMS has not passed this on...

Hmm, good question. Including GST, just under $10k pa. Although high, for me it's part of the reasonable costs of owning this type of property. There is no exceptional service for this amount, but I do compare with other managed properties we have and their Mgmt is good or I would be changing PM's.

It’s good. We have 2 properties, South Hedland and Karratha. We use Crawford’s and Pilbara Real Estate in Karratha to manage them. Although they charge very high management fees, as the rentals are so high, they both have a great network of tradies for any maintenance issue that crops up...

Hey Property Investors -The market again seems split if the Reserve Bank will cut interest rates at its next meeting on 7 February to 4 per cent. You can vote here.. http://tinyurl.com/82remof This week the US economy maybe showing again more green shoots of growth, with higher housing...

Hi Risky Business, Yes air conditioning and swimming pool maintenance is high on the agenda and I expect maintenance costs are a little higher than other parts of the country. However, the rental returns and capital growth have well been worth it todate.

My South Hedland experience. Purchased 3x2x2 house in late 2007 on 700m2 block. Price $670,000. New letting at the time of $1300 pw to national corporate company, showing a 10 per cent return. Cash flow positive from day one, even without taking into account the tax depreciation deductions...

Gladstone Housing Market has slowed Whats going on in Gladdy? Having just made a purchase my buyers agent and real estate letting agent are both saying the market has slowed with rental and purchase prices coming back! Is it a Christmas blip or are we in for a bump.. I read this today...

Bon's reply is excellent and on the money. You have to appreciate the scale and the population movement from country to city. It runs at the rate of 150,000 people a year? month? No a week. With a population in the region of 1.3 billion many more people will be moving with the requirement...

We have been lucky with our tenants, to date never having any kind our serious issue. This is regarding a mixture of self managed properties and also managed by real estate managers. We have in particular one excellent manager looking after our rental property in the Pilbara region and recently...

Hi Bigtone, thanks for your reply I was thinking a 12 month lease, but with a 6 month rent review. Also I understand the property may have a higher rental value if we furnish it. What do you think ? Thanls, Marti

Hello, My update... We settle on a 5x2x2 house next month, using a Buyers Agent for the first time. During October the letting agent thought the rental value was between $700 - 730. Now they are saying $650. Hmmm. I agree the market maybe slowing for the Christmas break and will get going...

South Hedland seems to have been stronger for longer.. both in capital and rental growth, but we have had a good six month rental increase result of just over 9 per cent in Karratha. Also, interestingly South Hedland properties seem to sell showing a return in the region of 10 – 11 per...

You may have not seen the comments published by The Chamber of Commerce and Industry Western Australia that they have revised its gross state product from 5.7 per cent to 6.25 per cent and the chamber expects the growth rate to accelerate to a whopping 7 per cent by 2012-2013, boosted by the...

Carbon and House Prices Looked at this blog today re carbon tax and falling house prices. http://www.myprop.com.au/content/carbon-tax-and-falling-house-prices

My experience to get the best out of your PM you have to develop a good relationship if possible. A few years ago I would hammer away with emails that were ignored. Threatening to move the management to another PM in the area also got no response. Then out of frustration I started to call...

Interesting question as we have a rental property in the Karratha WA, where the rental demand is high. The lease came to an end during June and was advertised by the managing agent. Within a couple of days we had an offer at the asking terms from a company in based in Perth. Unfortunately we...

There today on TV was our Prime Minister, Julia Gillard saying her government’s proposed carbon tax is ok, as the economy can afford it. She referred to planned mineral and resource infrastructure investments totalling some $430 billion to support our growing trade with China and the Pacific...

Down or Up ? Its lovely to see how many opinions there are on future rate hikes or declines. A couple of days ago there was something like a 30 per cent chance of a RBA rate deduction during the rest of this year. Only two weeks ago one respected financial source reported that Australia’s...

re or domain I think it depends on where the property is. Domain.com seems to be stronger on the east cost where as re.com seems to be more national.:)