perth giving me the irrits !
- Thread starter eyespy
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Well done invstor. You're taking the first steps to success.
In situations when markets are tight, I usually just move on to search for and invest in another property. If I am intent on investing in a certain area, I just stick to the area but wait for the next batch of properties to pop up.
It can be really annoying when you try and make offers or research about a property to find that its already under contract or under offer, and it happens frequently. I've faced this problem a number of times myself. Just remember that more properties do come available, but it helps to be prepared so that you have done alot of the background research already, and your finances are in order, so you can make an offer and grab a property quickly.
Those tenants can't add up $390 + $10 is $400, not $420 p/w
Two lots of tenants Redwing...
Current ones rent $380 upped $10 to $390pw. Tenants are moving out into their new house in Sept.
Have new tenants lined up at $420pw.
Regards
Please let us in on where you purchased once settled as if you are happy to disclose
Cheers, MTR
It's far from exciting! I settled for average. I missed out on some good deals as 'life' got in the way, you needed to be on the ball and some inexperienced RE Agents along the way didn't help either. I'm not too fussed as something is better than nothing. Banks appear to be loosening credit (a little too late). Rents appear to have risen further in the area I am looking at, and interest rates have dropped but the time to buy in Perth was late last year, early this year, to catch the full wave. Plenty more opportunities if you stay dedicated. It has been a great learning experience to be really tactful also.
Invstor, Well done.
I also just settled and we are renovating, however we missed out on the most amazing deal, "the fish that got away" so to speak.
It was out of town RE agent who underquoted a property by at least $70K, it was gone within hours. I have come to realise the out of town RE agents are an investors best friend as I have seen this happen a number of times now, just gotta be quick though.
MTR
I also just settled and we are renovating, however we missed out on the most amazing deal, "the fish that got away" so to speak.
It was out of town RE agent who underquoted a property by at least $70K, it was gone within hours. I have come to realise the out of town RE agents are an investors best friend as I have seen this happen a number of times now, just gotta be quick though.
MTR
I took a break from looking for places in perth because i was so frustrated but am now ready to look again. Am willing to broaden my locations now.
Am interested to your opinions on 2 b apartments in wembley and bayswater (i don't mind maylands/inglewood so presume bayswater will flow on from there)
looking for a 2bedder for under 300k with good yield.
Am interested to your opinions on 2 b apartments in wembley and bayswater (i don't mind maylands/inglewood so presume bayswater will flow on from there)
looking for a 2bedder for under 300k with good yield.
I'm not a huge fan of Wembley - I feel there are far too many apartments there which dilutes the market. I would prefer Bayswater
For sub $300k I would look at
West Perth $323k might be negotiable to your price bracket http://www.realestate.com.au/property-apartment-wa-west+perth-111181311
Vic Park sub $300k http://www.realestate.com.au/property-flat-wa-victoria+park-111355487 Excellent potential for cosmetic make over
East Vic Park $275 under offer but an excellent example of great yield and good depriations still left as built in 80s http://www.realestate.com.au/property-apartment-wa-east+victoria+park-110831375
East Vic Park $289 nice proportions http://www.realestate.com.au/property-house-wa-east+victoria+park-111360431
Rivervale http://www.realestate.com.au/property-house-wa-rivervale-109366256$299 2 bedroom duplex
Yokine $299 - neat little unit http://www.realestate.com.au/property-unit-wa-yokine-111643327
#325 Yokine 2bd townhouse http://www.realestate.com.au/property-townhouse-wa-tuart+hill-111628107
For sub $300k I would look at
West Perth $323k might be negotiable to your price bracket http://www.realestate.com.au/property-apartment-wa-west+perth-111181311
Vic Park sub $300k http://www.realestate.com.au/property-flat-wa-victoria+park-111355487 Excellent potential for cosmetic make over
East Vic Park $275 under offer but an excellent example of great yield and good depriations still left as built in 80s http://www.realestate.com.au/property-apartment-wa-east+victoria+park-110831375
East Vic Park $289 nice proportions http://www.realestate.com.au/property-house-wa-east+victoria+park-111360431
Rivervale http://www.realestate.com.au/property-house-wa-rivervale-109366256$299 2 bedroom duplex
Yokine $299 - neat little unit http://www.realestate.com.au/property-unit-wa-yokine-111643327
#325 Yokine 2bd townhouse http://www.realestate.com.au/property-townhouse-wa-tuart+hill-111628107
