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So the two essential insurances are 1) landlord's insurance and 2) a portion of the building insurance via body corporate fees - is that right? Tell you what - how many insurances do you need these days?: life insurance (2 of them) PPOR building insurance PPOR contents insurance health...

Does anyone have any info on how I could determine whether my PPOR is subdividable; is it the council only or is there some other way to find out?Also, what is the investment potential of building on the subdivision and turning both into IP's as opposed to turning the current PPOR into an IP and...

Hi, Can any forum members advise me on the pre settlement phase of buying an IP (strata title)? Is there a checklist or other mechanism on this part of the process that you know of? I have in hand already: settlement agent finance approved offer and acceptance signed. Final inspection to be...

Hi, I'm looking for a settlement agent for IP in Perth. Since it's been 3-4 yrs since I have bought any property, I'm not sure of the pros and cons of the various settlement agents. Apart from easy access for the signing of documents etc, is there anything else I should look for in a SA...

Put in an offer today on abovementioned property. I included building inspection and pesticide clearance as conditions. The REA got back to me and said there was no record of any previous buiding inspection and/or white ant treatment. The REA gave me the most recent body corp minutes for the...

Hi Casper, what does JV mean? Basically all of Scarborough is East of West Coast Highway (I think that's what you meant by Westcoast Drive?), so that could be an issue for much of Scarborough. Cheers

Looking to purchase

Anyone know what the deal is with getting hold of body corporate minutes/actions inc sinking funds for blocks of units? Can you access them direct with body corporate or is it through the REA? Cheers

Thanks for your info Marg. Re the body corp meetings minutes - how could I get hold of them? Cheers Mitch

Hi, Currently I am scouting around looking at units as IP. What do forum members consider are the best ways of researching them? In order to be clear about potential developments on the block and nearby, would the local council be the best information source? Is there are a standard series...

Hi, My wife and I looked at a potential IP unit in Scarborough vicinity today - small number in the block - 10 I think. It's a second floor unit with not bad view. Built in 70's-early 80's. Unit is in need of some reno, but structurally looks ok although the whole block needs paint. Qu: in...

Scarbourough-ish

Why do you regret buying a unit TT?

Hi, Wanted to pick people's brains: Wondering about the comparative capital growth potentials of villas/townhouses/units. I'm looking at a beach suburb within Perth for IP. From people's experiences, is cap growth stronger for villas, units, or townhouses? Also what is the difference between...

What is this Y-man? Are you talking about tax on your salary, or does your response have a bit of sarcasm in it? Cheers Mitch

yeah, sorry - interest only... Interest free would be fun of course. Cheers Mitch

Hi, Qu: what are some of the strategies investors use to reduce the gap between rents and repayments? Eg looking at Geraldton property to buy c.325k. After fees etc cost would be 350k. Repayments would be on an interest free loan $975 f/n. Rent would probably be c.$550 f/n. This leaves $425 f/n...

Flatout - I guess the Dongaras and other small towns are usually dependent on one industry and are consequently higher risk. Heard some good stuff about places like Boddington etc but ditto re the risk I've been having a look at Geraldton for an IP over the last few weeks. Initially I was...

Thanks for your post Rainshadow; sounds like you have some good local knowledge. Hmmm... don't like the sound of probs getting property managers especially with transient renters. Also issue with getting tradseman is something to consider esp when seems like many houses in inner Kal are older...

Hi, I'm looking at potentially Kalgoorlie for an IP because 1) I prefer to stay local if possible and Perth not looking great at this point in time, and 2) growth according to REIWA has outstripped Perth and other recent strong regional areas such as Geraldton. Trouble is, I know very littkle...