I would offer $620k for this http://reiwa.com.au/23-warner-court-manning-3830770/ and be confident of getting it. 452m2 is a good sized block in this location. Once you belt down the mortgage a bit over 3 - 5 years you can level it and build a quality 2 storey house in prime location plenty of room for a pool. You could create a $1.3m - $1.5m property in 5 years in todays money for less than $1m.
Tiny block for the area isn't it? Looks like it has already been subdivided, but couldn't see any right of way, so you are probably right. Be a small pool though. Good location and not a terrible house. Get three students in there easily.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Tiny block for the area isn't it? Looks like it has already been subdivided, but couldn't see any right of way, so you are probably right. Be a small pool though. Good location and not a terrible house. Get three students in there easily.
It isn't subdivisible, it backs onto Manning Road on the river / Trinity playing Fields side. Nice location.
16m frontage you could build a 350m2 - 400m2 double storey house and still have a 130m2 back yard, plenty of space for a 3.5m x 10m concrete pool with a mountain of lawn / garden around it. As I said you could create a $1.5m residence in todays money for $1m - $1.1m the day you moved in.
If you were smashing the house down renting to 3 unit students and letting them trash it wouldn't be the worst result, but might make you unpopular with the neighbours when you move in.
"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
You would get something like $450 - $475 per week so gross yield of 3.8% - 4% without trying, $500 and change if you were willing to hold out. The house isn't much chop but it is a desirable suburb and the land would be worth $575k minimum cleared and level today. It is as near to a free house as you would ever get in Manning.
Cheers nearly buying at land value is a good indicator of potential.
You would get something like $450 - $475 per week so gross yield of 3.8% - 4% without trying, $500 and change if you were willing to hold out. The house isn't much chop but it is a desirable suburb and the land would be worth $575k minimum cleared and level today. It is as near to a free house as you would ever get in Manning.
What about interest costs???
Khaderbhai
29 Sep 2016, 07:04 PM
I thought you were waiting for a 40% fall?
Perth is down less than 10% from the 2014 nominal peak, in nominal terms.
Of course, prices are well down in real terms from the 2006 peak, but that's been the case for several years.
Will you be buying using Australian dollars, or using the global reserve currency?
"The truth is that there are no good men, or bad men. It is the deeds that have goodness or badness in them. There are good deeds, and bad deeds. Men are just men."
Very interesting but you didn't answer the question.
I thought you were waiting for a 40% fall?
Will you be buying using Australian dollars, or using the global reserve currency?
Australian dollars will do the transaction, but I will count it in lithium and gold shares.
So I have put in $50,000 it is now worth $730,000 that is two moves,
So yes Australian dollars but that equals 1,058,000 Kdr.
Now if Kdr goes to ?$8 per share, I will sell say 140,000 Kdr to buy the unit that was valued at $3.8m, so in my world I will pay "Peter" money, that could be $7,000 Australian for a unit that was valued at $3,800,000 Australian at the peak of the boom and that would have been close to $4,500,000 U.S.
So I get that for $7,000 Australian in Peter units.
Basically free.
Foxbat told me how to do it..
So the reduction to me is like 99% a lot more than 40%.
It isn't subdivisible, it backs onto Manning Road on the river / Trinity playing Fields side. Nice location.
16m frontage you could build a 350m2 - 400m2 double storey house and still have a 130m2 back yard, plenty of space for a 3.5m x 10m concrete pool with a mountain of lawn / garden around it. As I said you could create a $1.5m residence in todays money for $1m - $1.1m the day you moved in.
If you were smashing the house down renting to 3 unit students and letting them trash it wouldn't be the worst result, but might make you unpopular with the neighbours when you move in.
Like this one? Not sure what low to mid millions means
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