nang3 12" member Donating Members 2,107 Member For: 19y 9m 26d Location: Perth WA Posted 27/02/07 10:06 AM Share Posted 27/02/07 10:06 AM very true !!! just the paperwork involved in any kinda mortgage/real estate stuff is enough to give me a migraine hahabut after a few weeks it feels good to be putting cash into something instead of the pubs till for change !! Link to comment https://www.fordxr6turbo.com/forum/topic/32822-building-a-duplex-in-wa/page/2/#findComment-501873 Share on other sites More sharing options...
Duc21 Member 110 Member For: 19y 4m 1d Gender: Male Location: Brisbane Posted 27/02/07 10:18 AM Share Posted 27/02/07 10:18 AM Hey mateI am doing this exact thing at the moment ,going 3rds with myself, mum and a brother....We have bought 2 corner blocks, 1- 1032mtr and 1 1049mtr, werent initially duplex block but have done the relevant council apps etc and $16,000 per block later they are duplex ready.Paid $140k for each block and putting a duplex set on each at around 250k... sets of duplexes selling in the area with less living space than ours are fetching 550k for a set... so we are looking ok...this is a good way to get into the market but just be patient and look into all your options in regard to renting them or selling etc....let me know how you go....cheerssteve Link to comment https://www.fordxr6turbo.com/forum/topic/32822-building-a-duplex-in-wa/page/2/#findComment-501882 Share on other sites More sharing options...
AOK29 Member 93 Member For: 20y 3d Posted 27/02/07 10:24 AM Share Posted 27/02/07 10:24 AM sh*t thought I was on the wrong forum for a minute..thought t was on the 'capitalist entraeupener thread'..... couln't resist Mark Link to comment https://www.fordxr6turbo.com/forum/topic/32822-building-a-duplex-in-wa/page/2/#findComment-501893 Share on other sites More sharing options...
markxr6t Member 476 Member For: 20y 5m 20d Location: Perth WA Posted 27/02/07 11:28 AM Share Posted 27/02/07 11:28 AM Don't forget to account for $35-$40k interest and meeting commitments with possible unexpected delays over the course of the project. Link to comment https://www.fordxr6turbo.com/forum/topic/32822-building-a-duplex-in-wa/page/2/#findComment-501931 Share on other sites More sharing options...
XR06T Silver Donating Members 4,146 Member For: 19y 9m 27d Gender: Male Posted 28/02/07 12:25 AM Share Posted 28/02/07 12:25 AM hahaha the paperwork for building a house is continuous to say the least.. just done my 3month haul and goddam I have more paperwork than all my years of school put together!!migrane is an understatement.!sounds like a good plan btw steve, good way to get into the market!best of luck mate which estate btw? Link to comment https://www.fordxr6turbo.com/forum/topic/32822-building-a-duplex-in-wa/page/2/#findComment-502091 Share on other sites More sharing options...
Paradoxx Colossal Member Member 5,049 Member For: 20y 7m 25d Gender: Male Location: Perth, WA Posted 02/03/07 04:41 AM Author Share Posted 02/03/07 04:41 AM markxr6t said: Don't forget to account for $35-$40k interest and meeting commitments with possible unexpected delays over the course of the project.←Hopefully we can organise it to be payment free until the day it's handed over... that way we can still afford to rent while it's being built.I'm not too phased by delays at this stage, the market is a bit unpredictable at the moment. Plus Lisa has almost 2 years of uni left. Be good to time it right so that it's ready to move in and re-negotiate the finance coinciding with lisa finishing uni and going into full time work... then the left over amount won't be such a problem as it will be under 300k for sure. Link to comment https://www.fordxr6turbo.com/forum/topic/32822-building-a-duplex-in-wa/page/2/#findComment-503116 Share on other sites More sharing options...
Paradoxx Colossal Member Member 5,049 Member For: 20y 7m 25d Gender: Male Location: Perth, WA Posted 02/03/07 04:42 AM Author Share Posted 02/03/07 04:42 AM XR06T said: hahaha the paperwork for building a house is continuous to say the least.. just done my 3month haul and goddam I have more paperwork than all my years of school put together!!migrane is an understatement.!sounds like a good plan btw steve, good way to get into the market!best of luck mate which estate btw?←Shiraz Rise - Pearsall (Sam Trimboli) Link to comment https://www.fordxr6turbo.com/forum/topic/32822-building-a-duplex-in-wa/page/2/#findComment-503118 Share on other sites More sharing options...
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