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  #1  
Old 19-12-2009, 08:51 PM
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Default Investment property purchase

Gents, would be interested in your comments if you have an investment property, as being relatively new to Perth there are so many areas to consider.

Criteria:
Good projected capital growth in the long term, not so concerned if rental yield is slightly compromised.
Value 500K
Town house vs house with some land?
Have been looking in Maylands / Bayswater, East Vict Park. As I am Freo boy, what about Morley, Dianella etc?

Things to avoid in an investment property ie materials, house layout etc.

Cheers
Al

PS f%ck I have been amazed at what people pay for rents these days
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Old 19-12-2009, 08:59 PM
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I've got a property for sale to suit investment if you are interested.

In Morley
933sqm
Zone R25 - Duplex potential
20.1 Metre Frontage - Suitable for double frontage re-development
Close to Galleria.
$550,000 Negotiable - Keen to sell so I'm pretty flexible on sale price

PM Me for more details.
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Old 19-12-2009, 09:10 PM
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Im going to say this right now. Alot of people dont realise the amount of growth potential down near woodmans point. If you buy in that area (atwell etc) you are close to the freeway, there is "gateways" close by. Murdoch hospital is a stone throw away, trainline is on the freeway and you are 5 minutes from a place like woodmans point that is occupied with multi million dollar properties. Problem? Its a distance from the CBD? Solution? Freeway/train close. Easy pickings.

Id of bought there IF i had 500k personally. Unfortunatley as its me and my brothers second investment property we still decided to go smallish and a little cheaper then 500k. PErsonal prefrence i spose.
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Old 20-12-2009, 01:19 AM
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someone buy me a new place to rent, thx
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Old 20-12-2009, 09:23 AM
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east vic park is a winner
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Old 20-12-2009, 11:47 AM
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I have a rental in Bayswater - Mines in what was Meltham near Grand Prom and has sub dividable block and City/Hills views.

Budget 600k and cant go wrong - 5 kms from town.
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Old 20-12-2009, 12:20 PM
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i just got a new investment property in ellenbrook , its a display home and i rent it back to the builder on a commercial lease of 7% so i get around $620 a week for it for the next 3 years

its also fully decked out as you could imagine , they do the upkeep on it , it has 24/7 CCTV watching the place and when time is up they pick up the sales folder and the sigh out the front and leave , i get everything in it from the TV and fridge down to the paintings on the walls if you keep an eye out for them you will see them in the paper or on the nets every now and then

also i have a block of land for sale in darch around the corner from my place if you are interested :P , 403m2
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Old 20-12-2009, 12:45 PM
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Stay out of mortgage belt burbs, stick to western suburbs as much as possible, and as close to city and/or its amenities.
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Old 20-12-2009, 07:39 PM
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I've bought an investment property in Melbourne. Have you thought about buying interstate?
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Old 20-12-2009, 08:51 PM
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Quote:
Originally Posted by jEstEr? View Post
someone buy me a new place to rent, thx
yep you place sounds like a real shitter ! Bees !
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