WA Perth 2022. Post a Bargain

Discussion in 'Property Analysis' started by Shogun, 1st Jan, 2022.

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  1. SBGP

    SBGP Active Member

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    Just a question, did you buy your IP in this area using PK's strategy?
     
    SBGP, 18th Mar, 2022
    #261
  2. SBGP

    SBGP Active Member

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    Yeah, this is very important
     
    SBGP, 18th Mar, 2022
    #262
  3. Johnnybravo

    Johnnybravo Active Member

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    Hey mate, not necessarily although we have watched a lot of his videos and followed his forum. Not religiously but learned quite a bit along the way. Happy to share the PM's details with you - we are waiting to hear back just for confirmation the rate is 8.8% as sometimes you hear that and what you receive is higher.
     
    Johnnybravo, 18th Mar, 2022
    #263
  4. Jana

    Jana Well-Known Member

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    Probably got own issue. There are houses going for 340k, far better condition. It looks this is priced accordingly.
     
    Jana, 20th Mar, 2022
    #264
  5. datto

    datto Well-Known Member

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    Do they still allow entertainment on Sundays in Perth? Very conservative place lol. OK I was just reading about it. All good now. Hope that mind set still not around.
     
    datto, 20th Mar, 2022
    #265
  6. hematite

    hematite Well-Known Member

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    hematite, 27th Mar, 2022
    #266
    Propin and Shogun like this.
  7. Shogun

    Shogun Well-Known Member

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    Last edited: 27th Mar, 2022
    Shogun, 27th Mar, 2022
    #267
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  8. Propin

    Propin Well-Known Member

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    Propin, 27th Mar, 2022
    #268
  9. Scaphella

    Scaphella Well-Known Member

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    Scaphella, 11th Apr, 2022
    #269
    Shogun likes this.
  10. Shogun

    Shogun Well-Known Member

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    Shogun, 18th Apr, 2022
    #270
    Squirrell and Empire like this.
  11. Perky29

    Perky29 Well-Known Member

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    The pool is probably the best feature :)
    Do I spot donuts on the driveway?
     
    Perky29, 18th Apr, 2022
    #271
  12. spoon

    spoon Well-Known Member

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    Just testing his turning circle. Looks great! The brakes are fine too! :D
     
    spoon, 18th Apr, 2022
    #272
  13. PerthNoob

    PerthNoob Member

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    https://www.realestate.com.au/property-house-wa-dianella-139078527

    Looks like this was purchased for $675k December 2020. Subdivided and built, now advertised for $1mill+ each.

    Can anyone with more experience than I comment on how much the build for this would have cost and thus estimated profit? Seems like very good margin, or are these overpriced?

    Thanks!!
     
    Last edited: 18th Apr, 2022
    PerthNoob, 18th Apr, 2022
    #273
  14. PerthEngineeringDraftyGuy

    PerthEngineeringDraftyGuy Well-Known Member

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    My guess is about $400k
     
    PerthEngineeringDraftyGuy, 20th Apr, 2022
    #274
  15. Curtpizza

    Curtpizza Active Member

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    Curtpizza, 20th Apr, 2022
    #275
  16. Propin

    Propin Well-Known Member

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    Propin, 20th Apr, 2022
    #276
  17. PerthNoob

    PerthNoob Member

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    So $800k all up for the build?
     
    Last edited: 1st May, 2022
    PerthNoob, 1st May, 2022
    #277
  18. PerthEngineeringDraftyGuy

    PerthEngineeringDraftyGuy Well-Known Member

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    plus subdivision costs, plus holding costs.
    my napkin looks like:
    purchase: $675k
    stamp duty: $25k
    subdivision: $50k..?
    holding: $30k
    build: $800k
    sum: $1.6m

    $400k (25%) total profit for a couple of years planning and work and holding the bag financially.

    (I would love someone like @Westminster to show their working out here though, i don't really know what i'm talking about)
     
    PerthEngineeringDraftyGuy, 2nd May, 2022
    #278
  19. MTR

    MTR Well-Known Member

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    I doubt $400k in todays market would be enough for each build. Not if you are expecting to sell each for $1M

    It will need higher specs and i think we have seen build go up 40% over last 12 months
     
    MTR, 2nd May, 2022
    #279
  20. PerthEngineeringDraftyGuy

    PerthEngineeringDraftyGuy Well-Known Member

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    Yes, I was thinking that since these are complete, they may not have been stung by the current prices too bad. What do you think these two might have cost to build last year? What do you think the qutoe might be today?
     
    PerthEngineeringDraftyGuy, 2nd May, 2022
    #280
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