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+1 on this. APRA tightening will make people do proper feasability rather than 'hope for' feasability.

I don't think it is under offer as the price has been dropping. Perhaps it was under offer and it's fallen over? Last week the price dropped more than $50k It's not an 'easy' block, there are road widening reservations and sewer issues but it is comparatively good value.

I did see that one. At R40 it's a duplex or 3-4 apartments. Would be a nice at that price if it was a nice character home you could do a nice townhouse behind. Been a few of those which are good catches

A break lease is a blessing at the moment as it gives you time to find a new tenant at the rate you are currently receiving or if your current tenant wants out earlier than can agree to a drop and make up the calculated shortfall to the end of their lease.

I think this is a valid idea, the closer you get to the city the better off you'll be in the long term for safer growth. Just remember if you want to put a transportable GF on it that the bank may not fund it so you'll need some cashola.

Ouch. Totally different for me - only 4 houses in Gwelup for rent with 4 bedrooms. 36 in surrounding suburbs and Balga is included in surrounding but totally different market so really only 20 comparable houses. I'd offer one week rent free to get someone in to yours or something like that.

Maybe or oversupply? Looks like I have a tenant lined up for a lease end in Gwelup that's in August. An applicant that missed out on the other Gwelup villa. On the downside I found squatter evidence in my Highgate house which had tenants move out about 3 ago. Besides a broken window and...

I think that's a good buy for the area. I was hoping this auction in North Perth would stay under $1m but it went for $1.085 http://www.realestate.com.au/property-house-wa-north+perth-119692763

Interestingly I seemed to have bucked the trend with one of the Gwelup villas. We had a break lease request last week as they want to accept a job in another country. They signed off on the usual break lease conditions and it was advertised at the current rate on Monday. Well today we have a...

Mainly multis of around 6 units so not for everyone as it's commercial lend and longer timeframes with council etc But got some corker creative projects that are cheap and quick with 25%ish gross. Why do you want to sell Tano? Consider holding rather than selling. The reason I say...

I'm going to tender on a site next week. Got a few low budget duplexes on the go for clients that are stacking up in the 25ish% I have seen a few 30+% sites but they go quick. Gee thanks lilman. Sounds like you are bypassing my services.

Will def be a change of pace. I'm guessing everything in the centre will be multi storey to cram everything in. All the current carparks will have to be built over. Traffic on Karrinyup road will be 'interesting'. It already doesn't cope at the Huntriss St intersection on Thurs nights heading...

Good marketing campaigns and market at higher end product. Not sure that it's warranted but they market it well and get it. I usually like the locations that they pick.

They do make pretty stuff though :) I think that is where Finbar let themselves down and what they are now fixing. They were too focussed on square/boring/cheap and they let themselves down. Now they are looking more architectural and will do well if they keep up the quality of workmanship

BTW when I said 'monsters' I didn't mean ugly horrible huge, just big development. North Perth is very low scale still so in comparison they are big but as I have 3 sites there I'm enjoying seeing someone push the boundaries and some increase in scale. The other big development on Charles St...

The crusty old service station won't be missed :) The 2 sites are pretty different though with the service station orientation allowing overshadowing to fall over the street whereas Charles St will fall over neighbours. I like the design of Charles Street though with some really nice...

Possible! I've been meaning to find out what their plans are. It's one of my second homes at the moment looking at tiles :)

They are building commercial/ 93 apartments where Tile Expo is on Charles. Up for public comment now. Like the Angove property it's WAY over plot ratio but isn't a landmark site so will get a lot of local backlash I reckon...

Cmon that is worse than a Facebook status update of 'sigh' hoping people will ask what's wrong. Spill the beans - are you talking the new TPS #2, the Saraceni monsters (x2), something you've designed ...... I'll see you at Vincent Design Advisory Committee on Wednesday - I'm up before you.

It actually could be just simple mathematics. Lets say that many of the units in Tuart Hill were built in the 70s and 80s and are worth $300k. A lot of units have been DA approved 1-2 years ago and have been hitting the market for the last 12mths and will continue to do so. The average selling...