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19.01.2022 Potential +8.1% yield in Warnbro by converting a 4x2 to a 3x1 + Studio (or 1x1) Finally a listing with a floor plan :) The footprint measures 170sqm with 4 bedrooms, 2 bathrooms and a double carport. The green title lot is over 540sqm and it has a convenient layout allowing front access to a proposed studio (or 1-bed by breaking through the WIR). The Lounge area could be converted to another bedroom with WIR. The property is within 5 min walk to a shopping center and aqua pa...rk, 6 min drive to the ocean and surrounded by schools. It could be an ideal starter home for a FHB and adding a self contained unit would would potentially pay $820/month towards the mortgage. Let's assume you bought this property. The expected renovation cost to add another kitchenette & new entrance door would amount to approximately $7k. At a rental return of $190/week, that would be a Return of Investment (ROI) of 141%!!!!! For the newbie investors, to put this into perspective, any return over +20% would be considered very good. Let's look at the numbers: Market Value (compared to similar poperties in area) = $323,000 Total Purchase Price(incl. stamp & legal) = $320,250 (It's an absolute buyers market so I've assumed a PP of $305k) Rental Vacancy Rate (Perth average @ 2.00%) =1.7% (Feb 2020) Renovation Cost = $7,000(new entry door, kitchenette, close off internal door) Monthly Operating Costs (MOE) (Loan @ 4% over 30y, rates, 10% deposit, insurance, maintenance etc) = $2,141 WEEKLY INCOME Rental 1 (3x1) = $310 Rental 2 (Studio) = $190 Total Monthly Income = $2,167 Total Monthly Income - MOE = +$26 (cashflow before tax offsets) Gross Yield = +8.1% If you like to see the detailed breakdown of the feasibility, simply visit the Perth Property Deals website. I've just found a nice little duplex generating a yield of 8.2% as it stands (500m to the beach in more rural WA but a sought after suburb). If you want to receive deals like this in your inbox, don't forget to subscribe on our website!

13.01.2022 Are we in for some property bargains Interesting read about what could happen https://www.abc.net.au//coronavirus-rental-hardsh/12259322

08.01.2022 Just listed on [Perth Property Deals] 6 beds | 2 bath on 814sqm of land zoned R40 with potential to develop 6 units. The current market valuation sits around $583k but at an asking price of only $349k it yields +7.75% at an expected weekly cashflow of $105 (IO).... To see the full feasibility, property listing and other positive cashflow deals, head over to our website and simply subscribe (it's totally free)

08.01.2022 A potential of 9.1% Yield @ $172 cashflow/month. I've just sent another killer deal to our database. If you aren't yet in our database and want to receive killer deals as well then visit our website and subscribe (wait for the pop up). www.perthpropertydeals.com.au... Happy Property Hunt, Steve

07.01.2022 WANTED: Small Studio or Granny Flat I have a tenant looking for small affordable (studio/1-bed) rental NoR, ideally in Mt Lawley area. His budget is $200-220/week. Do you have a small granny flat or studio?

06.01.2022 This property has great long term development potential. With a street frontage of 30m it would have potential to be subdivided into four narrow lots of 7.5m street front each or two front and two rear lots. Alternatively it could be developed as 6-7 units. This property is all about land banking whilst it can pay for itself with a light renovation. The current market valuation sits below the asking price so there is potential to negotiate a better price for better numbers!... To find out more and see all details and address simply head over to our website