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Such a frustrating road. Traffic crawls between Beeliar and Roe in the morning for no apparent reason since hardly anyone exits or enters. Then it crawls again between Leach and Canning - again for no reason.

They're already asking $800k for 3 by 1 homes in Willagee. So that ship has sailed.

Ive just sold my PPOR and the proceeds paid out a 3 year fixed loan 2 years early. Back in August the back advised that a break fee would apply to change from fixed to variable before settlement. I posted the reply back accepting their $700 fee. Upon settlement i find i'm slugged $2000 for the...

There's currently a very long wait in Perth for brickies. And bricklayers are charging a very high rate. The time has come when builders will look at alternatives to double brick.

It begs the question, if a company making $10M PA reduces its workforce from 100 to 50 via automation, how does that affect society? The company's wage bill drops but it has a (temporary) cost for automation. Once the automation is paid off, the company has increased profit. Shouldn't...

What agency would you use to advertise on Realestate.com.au?

Gumtree seems popular for self managed IPs. What other avenues do you use to advertise your IP for new tenants?

Rampant globalisation will bite us in the ****. The abolition of tariffs is one thing which has contributed to the demise of local manufacturing. Offshoring is another. Now business is importing cheap labour as well. Wage growth is at its lowest level in 15 years. Yet labour here is still much...

I think the economy overall is in for a rough ride ahead. Dutch Disease has meant that our manufacturing sector has shrunk to near nothing. Governments have increased spending to match the bountiful income from the mining boom rather than squirreling some away. Increases in job creation have...

I've never understood why you wouldn't charge a relative/friend market or near market rates. If you want to help them out, then just pay some of their bills.

There are some very good composite panels coming onto the market which would be ideal for upper floor walling: strong, light, well insulated, and much faster to build with.

Until recently, the cost of building a 2 story house in Perth, per sqm, was over twice the price of a single story. Thankfully this has started to change.

People are now building 2 story because you can no longer buy blocks big enough to fit a family sized single story. They dont exist within 25km of the CBD. Also, whats the deal with land prices in Perth at the moment? Blocks are selling for 80% of the price of established homes on similar...

A curious change in the Perth market: Now that a "large family block" is 450 sqm and anything over 500sqm is hard to find except for the outermost suburbs, many builders are now making 2 story homes the standard. Long gone are the days of the quarter acre block, or even a modest 600 sqm plot!

Wide areas of the market were booming for the 12 months up until Feb this year. Then several areas went off the boil and fell flat. Some areas are still doing well.

When selling a house in Perth, you can have conditional sales such as subject to finance, subject to sale of another property, etc. If such an offer is accepted, does that lock out any other buyers? I'm thinking of an instance where a subject sale is made and someone else comes along with an...

Perths southern suburbs (Canning Vale) has slowed greatly since March. Stock has increased 50% and prices have dropped 5%.

Reading earlier posts about the Steele ruling; costs such as interest can be deductable prior to income being earned. I may well be in that situation as my new IP will be ready on June 10th but the tenant wont be moving in until July 3rd. So for my 2014 return, am I still able to have deductions...

What does the tax office use to determine what 'market rent' would be for a given property? I doubt it would be advertised rentals as these vary greatly.

Going over the sums, the rent should pay for the loan interest. Depreciation and expenses should give me about $1000 per month in deductions.