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Pssst, here's the heads up.........
Success, on the new Mandurah rail line.
10 mins to City & Fremantle.
Major Satelite Cbd.
Close to all the must tick infrastructures - roads, public transport, major retail hub, high employment, educational, medical & recreational facilities.
Hope this helps.
P.S..dont tell everyone
thanks Rixter, that certainly helps
I am very new to Perth ,is mandurah around 70km from Perth CBD
After todays trawl around the home opens for Perth city-fringe units, I can confirm that this is not where the bargains currently are.
If you find the bargains, let me know
What's your definition of a bargain Sam?
Anything that doesnt have a Net Rental Yield of under 4% and look/smell like Changi prison ....Have you got any suggestions you could offer?
Have you got any suggestions you could offer?
I preferr to purchase Townhouses & Villas with a 30% or greater land component thereby eliminating multi story units or high rise apartments, for several reasons. The mains ones being (in no particular order)
1/ lower maintenance & upkeep for the tenant
Rixter, could you explain the above (sorry ) - you mean 30% of total titled area as garden etc.?
Rixter, could you explain the above (sorry ) - you mean 30% of total titled area as garden etc.?
Also how does a townhouse/villa have lower maintenance for the tenant that a unit?
p.s. whilst we're at it - can you recommend a financial advisor in Perth who is experienced in IP? I would like to have a consultation if possible.
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?
How would you calculate the land value? Presumably there are $/sqm rates for suburbs that can be applied?
I had been avoiding suburbs further out (initially, anyway) because I wanted something that would rent very easily and show solid growth when everything else went up. Are you referring to places like Bulls Creek, for example?
If I am to avoid financial advisors (you are the second person to say the same thing this morning!), who am I best to go to regarding recommending ownership structures and tax and so forth? Preferably someone who has knowledge of IP's?
A good accountant who deals a lot in IPs. Another vote here for avoiding financial advisors generally speaking although if you can find one who just provides a fee for service (no commissions from managed funds) and invests themselves it could be worthwhile...
Have you got any suggestions for areas in which to invest?