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Two hundred would be better! Or twenty of the same value even better again - two hundred would be a bit of an admin headache even with the best property managers etc

It looked that way to me too so I also followed the safe road trying to invest while holding non-deductible debt and living in "my own" house. However, I know others who were more mercenary about it and they don't have to work anymore - the power of compounding kicked in that much earlier to...

I can only suggest moves that would improve your financial situation. These would include: - Renting out your PPOR to make the interest on that loan tax deductible - Also, renting a suitable house to give you the $1.2m property lifestyle won't cost much by comparison. - Leveraging the...

Samwise - there are too many unknowns for your situation. Do you have a PPOR? What's your income level? What's your appetite for risk? age? etc etc etc Note I'm not looking for you to answer these questions - just pointing out that asking for specific investment advice from some bloke/s on...

Amongst all the junk I imagine there is a property for sale out there at the moment in each one of those categories that, if purchased, would significantly increase your wealth. The difficulty is in finding it and that is the trick that separates the seriously wealthy from the rest of us. And...

Hi Clackers Ausprop said it all really. Losing money while the market is going nowhere never feels good. Even if it's in a tax effective way... So I guess my point is that if metro RIPs aren't available at decent yields then.......... don't buy them! Buy something that does yield well...

Hi Clackers Welcome to the forum! I do and don't agree with you. I agree it is easier for people with equity / cash behind them but there is nothing new in that - money makes money. But our last purchase last year was in Karratha at an 11% gross yield so I don't agree you can't get positive...

Fair enough - so Karratha at 12% with excellent depreciation should be a good deal then? I hope so... :rolleyes:

:eek: Ausprop I have trouble reconciling these two statements. Wouldn't you expect rental demand to be reflected in rent prices? Take the case of Karratha, for example... ;)

I can't answer the question regarding yield - it's up to you how you want to calculate it and for what purpose you wish to put the calculation. BTW Units can have good land content too. And I agree with Rixter, land content is but one factor in the CG landscape... it's a matter of getting as...

But significant differences in land content IMO - the trick could be to get good land content for the price you are paying as well as good yield thereby setting you up as much as possible for... Which has certainly happened in the past for many on this forum I understand. No idea about the...

Hi Dazz Thought you might like it! Just to correct some of your figures though as I have some recent experience in this area... :rolleyes: I would put net income around the $20k mark with the LT on that place (ouch!). Also, block value properties along that Challenger Parade strip...

This exercise is actually very interesting now that I've started. If you have a family and want lifestyle check this one out... Very affordable for one of Perth's "better" properties if you want somewhere nice to live! Just amazing...

Hi Samwise I would suggest that feelings don't necessarily make for a good investment strategy! :) What has been the actual history to date? Take a look through RPData or other public info on suburb performance.... There are a few properties along Marine Parade in Cottesloe that have...

There are a number of methods. You can look at the price of blocks of land / run down hovels (zero building value) in the area and make adjustments. You can estimate from the prices of new houses how much they would have cost to build, the likely development premium (profit for the builder)...

Hi Sam There are a few WA people here. Rixter maybe referring to land value with that comment ie how much of what you are paying for is in the value of the land on which it sits and how much is just the building? This is relevant on the basis that buildings depreciate (generally, unless...