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  1. Blair007

    South Lakes WA, First development

    Hey brady. Ive got a property manager looking after it, i may have managed it myself but im doing fifo so its a bit difficult if theres ever an urgent issue. The pm has not told them i own the property an d i think it will be easier to keep it that way, im sure one of the neighbours will...
  2. Blair007

    South Lakes WA, First development

    Hey guys just an update on the project. practical inspection went well, not too many issues and all resolved quickly. I got the handover early december and wanted to get the place rented before christmas break. originally when Perth was booming and rents were on the up i projected i...
  3. Blair007

    South Lakes WA, First development

    Hahaha your picture made me laugh. Thanks for the tips with the paint/plumbing/electrical, ill make sure i do them all Yeh they did say they are pretty good with fixing issues, but of course they are going to say that :P its ventura I'm building with and most people seem to have positives to...
  4. Blair007

    South Lakes WA, First development

    Hey So i have Practical inspection booked in next week. Im just thinking of things to check for and was wondering if anyone know what else i can add. i know the builders won't have to much concern to them after handover with stuff i didn't see during the inspection :) -All lights...
  5. Blair007

    South Lakes WA, First development

    Cheers Myf, Yep i had some designs from another builder that were going to use that area as the alfresco with a wall blocking views from up the driveway. next time I'm back in Perth ill try find the plans and post them up. Yep i don't want to much gardens anyway to keep it maintenance free so...
  6. Blair007

    South Lakes WA, First development

    The build. -------------------- The build has taken a long time to complete. I still have about 4weeks to go until practical completion and then I will be sorting out painting, flooring, and landscaping myself. So realistically it's about 6-8weeks away from renting. Originally slab was due...
  7. Blair007

    South Lakes WA, First development

    I was expecting end values to be 400,000 for our PPOR and 450,000 for the back one. which would have meant an equity gain of 120,000. So things went well in that respect, but to be honest i would have been happy with a profit of 120,000k My new project I'm doing in melbourne will be costing me...
  8. Blair007

    South Lakes WA, First development

    Yip the numbers ended up pretty good and has helped me move towards my second project. I think i was pretty lucky though considering i was prepared to pay 475 an picked it up for 425, plus that fact that Perth has seen some pretty good growth in recent years. I think people need a bit of luck to...
  9. Blair007

    South Lakes WA, First development

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  10. Blair007

    South Lakes WA, First development

    [/url] jpg images[/IMG] Here are the plans, i'd like to hear peoples feedbacks on weather i could have saved a bit of money on the design or anythings that could have been changed. South Lake is a family neighborhood so 4 bedrooms is good and i think the media room is a nice added extra...
  11. Blair007

    South Lakes WA, First development

    Ill chuck some more stuff up about the build later. and some before and after photos aswell. cheers
  12. Blair007

    South Lakes WA, First development

    Hi all, I Thought i would share the story of my first development. I've had a lot of help and good advise from people on SS. Hopefully i can return the favor. The projects is nearing completion, about 4 weeks away from practical completion and getting ready to rent out. So its our first...
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