Search results

How come every WA thread turns to the topic of developing :p

Hold cost is whatever stuff is incurred during the time you kick tenant out (or straight away if its a vacant block) til the new builds are ready to put tenants in. So base it on 12 months (depending on what type of project you're doing) and call it 12 months worth of interest payments, rates etc

But then they wouldnt be worth as much?

Ya'd have to be a bit of tiger :p

End value just means the value of the house/unit(s) on completion. Eg you spend $X on site, $Y on constructing stuff, and end value is $Z. Hopefully Z is greater than X + y + profit margin

There are houses in perth under 400k? :eek:

Lol same bidder at all 3 bids? Why didn't he stay at the first one? Most in that suburb fairly quiet?

At 3am in a Ferrari maybe?

What was the 700k based on then?

Heres what i mean by usable. Lets say your PPOR is worth $800k and your current loan is $500k. Some people think they have $300k equity to play with. They're wrong. If you were instead going to borrow up to 90% of $800k gives $720k, minus the $500k already owing gives $220k as usable equity to...

How much is actually usable though? Say (PPOR Value x 90%) minus current outstandings Only really looking in Perth to buy?

Since you're in WA, for examples look at Balga, Craigie, Thornlie to an extent.

I like stigma suburbs, because it fades and they become normal suburbs :p