Perth ... Building wealth through Turnkey Properties
2 years ago I launched Dale Alcock Turnkey Investments (Dale Alcock is WA's most awarded builder).
In that time, we have built 165 new homes for investors.
These are generally long term Buy and Hold properties.
Ares like Success, Atwell, Beeliar, Baldivis, Secret Harbour - South and Carramar, Landsdale, Ashby and Brighton (Butler) - North.
The strategy has worked extremely well with many of our clients back for their third IP's with us.
The Capital Growth in many of their properties is betweek $60k - $80k in less than 18 months ... not bad when you consider entry prices between $200k - $260k.
The new estates work for two reasons ...
1. Lack of rental properties available.
2. Number of land purchasers who need a rental whilst they build.
The construction of new homes in Perth is being driven by the 28,000 people coming to live here every year. (Obviously our Beaches attract many people - especially Brighton wich seems to attract UK people).
This year, property developers are expecting price increases in land to be around 10%. The cost of building a new home will increase by approximately 6% (Traditional average ... unlike the 10% - 15% per year for the past two years).
These increases mean instant profits for those astute investors who by building are actually buying wholesale as opposed to retail.
I have had some of my investors sell their rental property as soon as it was completed to a property investor who will then keep it long term.
This new investor is paying Stamp Duty on the total house and land price where as my client only paid it on land (Saving $8k).
The new investor is also paying my clients profit margin of $20 - $40k.
I can never understand the logic of investors who only buy established and don't consider new???
Our Turnkey Programme takes care of everything from brick and colour selections through to handing keys to the preoperty manager and arranging tenants. (MAny of our clients are interstate or overseas).
If you are interested in finding out more about Turnkey ... visit the following link... www.dalealcock.com.au (Click on Turnkey Investments).
Happy Investing...
Casper
P.S. Do I think it will slow down in Perth??? Well I am busier with enquiries today than I was this time last year... so I guess my answer is NO!
2 years ago I launched Dale Alcock Turnkey Investments (Dale Alcock is WA's most awarded builder).
In that time, we have built 165 new homes for investors.
These are generally long term Buy and Hold properties.
Ares like Success, Atwell, Beeliar, Baldivis, Secret Harbour - South and Carramar, Landsdale, Ashby and Brighton (Butler) - North.
The strategy has worked extremely well with many of our clients back for their third IP's with us.
The Capital Growth in many of their properties is betweek $60k - $80k in less than 18 months ... not bad when you consider entry prices between $200k - $260k.
The new estates work for two reasons ...
1. Lack of rental properties available.
2. Number of land purchasers who need a rental whilst they build.
The construction of new homes in Perth is being driven by the 28,000 people coming to live here every year. (Obviously our Beaches attract many people - especially Brighton wich seems to attract UK people).
This year, property developers are expecting price increases in land to be around 10%. The cost of building a new home will increase by approximately 6% (Traditional average ... unlike the 10% - 15% per year for the past two years).
These increases mean instant profits for those astute investors who by building are actually buying wholesale as opposed to retail.
I have had some of my investors sell their rental property as soon as it was completed to a property investor who will then keep it long term.
This new investor is paying Stamp Duty on the total house and land price where as my client only paid it on land (Saving $8k).
The new investor is also paying my clients profit margin of $20 - $40k.
I can never understand the logic of investors who only buy established and don't consider new???
Our Turnkey Programme takes care of everything from brick and colour selections through to handing keys to the preoperty manager and arranging tenants. (MAny of our clients are interstate or overseas).
If you are interested in finding out more about Turnkey ... visit the following link... www.dalealcock.com.au (Click on Turnkey Investments).
Happy Investing...
Casper
P.S. Do I think it will slow down in Perth??? Well I am busier with enquiries today than I was this time last year... so I guess my answer is NO!