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G'day Twitch, I agree, we are definitely not ready to sign anything. I’ve been given a basic indication of expected rents, occupancy, expenses etc from the marketing agent but I’m obviously taking these with a grain of salt. What makes it hard to do the DD is it’s a new complex and a...

G'day Twitch, Thanks for the feedback. Do you have any idea what kind of yeild you should expect from this type of property? Cheers Toby

My wife and I are looking at purchasing a freestanding townhouse in a strata holiday resort complex in south west WA. The marketing agent for the developer has advised that management fees for the complex will be 14.5% of revenue and operational expenses will be approx 50% revenue. This...

G'day Y-man, This guy doesn't seem to be too dodgy although from my experience there is a bit of dodgyness in all property marketers. We intend to do our due diligence on this one before we sign anything! The building is 2 x 2, 83.7m2. Cheers Toby

My wife and I are looking at purchasing a freestanding townhouse in a strata holiday resort complex in south west WA. The marketing agent for the developer has suggested that because the resort is zoned tourism it is considered a commercial property and banks will lend less than they would on...

Can anyone recommend a good financial planner/advisor in Perth? Cheers

Thanks for the feedback! Can anyone recommend any reading on this topic? The more I think about it the more questions I have. Cheers

According to the latest ABS figures the current unemployment rate in WA is at 2.7% http://www.ausstats.abs.gov.au/ausstats/subscriber.nsf/0/6198461BB1C9FDADCA2572D60015D95F/$File/62020_apr%202007.pdf Its hard to image the median going backwards in the short term??

Can anyone expand on how you can invest equity/LOC that is secured against IP's into managed funds to assist the shortfall on neg geared IP's? Is this eg correct? Access 100k Loc Invest in managed funds at 10% return pa = 10k meet IO 7.5% pa repayments on LOC = 7.5k Walk away with 2.5k...

This is an article from todays West: http://www.thewest.com.au/default.aspx?MenuID=77&ContentID=8874 Will the Perth median surpass Sydney's by the end of this year? Cheers

Thanks Les, WillG & BV for the your balanced and well considered feedback. It has helped to consolidate my thoughts. Knowing that life is short (although I’m only 30) I really don’t want to go backwards, hence my desire to hold all three properties. In relation to the future of the Perth...

Hi BV, I think you have misread the info provided re IP2. Our purchase price on the property is $520,000. I have conservatively estimated its current value at $750,000. The link below is for an identical property in the complex which is currently on the market for $860,000...

Thanks Rixter

Can anyone recommend a good mortgage broker (preferably in Perth) who understands investment loans? We have tried 3 in the past couple of years and they have all been pretty crap.

Thanks everyone for the feedback so far. BV - Given rental vacancies in Perth are currently running at approx 1% and based on my research of rentals for similar properties in the CBD, I feel confident it would rent out easily and for $600+ per week (which is why we want to hang onto it if...

IP1 currently rents at $210 per week IP2 should rent for $600

I am new to this forum and am hoping someone can give me some advice. My current situation is: PPR value $670k, owe $405k IP1 value $300k, owe $190k IP2 value $750k, settlement due early 2008 IP2 is a 2 brm apartment with river views in the Perth CBD. It was purchased off the plan in...

one more bit of info... If able to settle on the IP2 the weekly rent would be $600.

More info... I forgot to add that my IP1 is currently rented for $210 pw.

I am new to this forum and am hoping someone can give me some advice. My current situation is: PPR value $670k, owe $405k IP1 value $300k, owe $190k IP2 value $750k, settlement due early 2008 IP2 is a 2 brm apartment with river views in the Perth CBD. It was purchased off the plan in...