perth seminar ticket 17/8

[Colin Rice]

I can not make that date, but can you please provide feedback, always keen to find out what way the gurus are flying.

Trying to find out also what Dyphmna B is promoting at the moment but no luck

I have two free tickets to Dymphna Boholt for Sunday 25th August Perth.

Yours if you want them?

 

[HD_ACE]

Hey forumites

I have a bit of an overview for you all. Wasnt a bad day, hes a good speaker but 80% was basic stuff 10% promotion and 10% good value.

Basically hes still advocating LOE because LOR just can't cut it.
Hes also come around and said that buy and hold just wont cut it anymore like it used to. And to succeed in this cycle you will have to be an active investor.

His 4 step strategic approach:

1. Buy below intrinsic value
2. Look for a long history of CG and where it will continue
3. Buy with a twist
4. Add Value

He predicts shorter cycles now and lower growth. Recommends to purchase properties in demand for owner occupiers.
And that the demand is shifting two apartments and townhouses as there becomes more and more 1+2 person households.

Get timing right,get property right and get location right.

He predicted the bottom of the Perths cycle a year ago (a little off) and predicts a 3-4 year upward swing with an 18 month boom.

Last recommendations

Don't buy emotionally
learn from history
Review your portfolio
Refinance and top up buffers
Take action
Sell under performing assets (opportunity cost)


Cheers

 

[HD_ACE]

But by far the most informative part of the day was listening to Damian Collins speak, here is what he had to say:

-Perth has moved on average 5-6% and up to 25% in selected areas (development sites)
-Under 500k sites moving
-Has slowed down, no of people at opens less
- Rents stable or decreasing slightly in some areas
-2011/12 rents rose 17%
-predicted over 2%pa growth
- some major projects in the pipeline light rail, new roads and overpasses etc as perth will get more and more congested like east.

Directions 2031 is in full swing

key strategies are
-key activity centres
-key transport links
-facilitation of infill

Directions 2031 want to see the spread out city of perth infill.
Want 47% growth in urban areas
And new subdivisions to be developed at 15% gross hectare 400-450sqm.

How:
Increase in zoning and rezonings.
Change in the r-code interpretation ie plot ratios being used.

Key metro areas

-Cannington
-Fremantle
-Morley
-Stirling
-Rockingham

Secondary Metro centres

-Belmont
-Booragoon
-Claremont
-Karrinyup
-Leederville
_victoria park.

Public transport 2031

Will see pressure on local councils to rezone around transport areas and light rail etc
State gov will have to force council to create infill.

Future opportunities:

Proposed rezoning areas ( no guarantees)
Wait until rezoned and pay closer to MV, as sometimes rezoning lots are now priced at zoned lots, poor value.

And rezoning doesn't mean the area will be developed, But could be a land banking opportunity.

cheers

 

[INVSTOR]

Interesting HD_ace - kudo's! pretty much sums up my thoughts also.

 

[MTR]

I have two free tickets to Dymphna Boholt for Sunday 25th August Perth.

Yours if you want them?

Thanks, but just read HD post and I don't think I need to go now.

Cheers,
MTR

 

[MTR]

But by far the most informative part of the day was listening to Damian Collins speak, here is what he had to say:

-Perth has moved on average 5-6% and up to 25% in selected areas (development sites)
-Under 500k sites moving
-Has slowed down, no of people at opens less
- Rents stable or decreasing slightly in some areas
-2011/12 rents rose 17%
-predicted over 2%pa growth
- some major projects in the pipeline light rail, new roads and overpasses etc as perth will get more and more congested like east.

Directions 2031 is in full swing

key strategies are
-key activity centres
-key transport links
-facilitation of infill

Directions 2031 want to see the spread out city of perth infill.
Want 47% growth in urban areas
And new subdivisions to be developed at 15% gross hectare 400-450sqm.

How:
Increase in zoning and rezonings.
Change in the r-code interpretation ie plot ratios being used.

Key metro areas

-Cannington
-Fremantle
-Morley
-Stirling
-Rockingham

Secondary Metro centres

-Belmont
-Booragoon
-Claremont
-Karrinyup
-Leederville
_victoria park.

Public transport 2031

Will see pressure on local councils to rezone around transport areas and light rail etc
State gov will have to force council to create infill.

Future opportunities:

Proposed rezoning areas ( no guarantees)
Wait until rezoned and pay closer to MV, as sometimes rezoning lots are now priced at zoned lots, poor value.

And rezoning doesn't mean the area will be developed, But could be a land banking opportunity.

cheers

Thanks for summing this up, kudos to u.

Also, were there any discussions/predictions regarding Sydney, Melbourne and Brisbane I have properties in these states and am interested in their views.
We are already seeing boom times in Sydney and I believe inner Melb is moving.

 

[HD_ACE]

Thanks for summing this up, kudos to u.

Also, were there any discussions/predictions regarding Sydney, Melbourne and Brisbane I have properties in these states and am interested in their views.
We are already seeing boom times in Sydney and I believe inner Melb is moving.

no worries.

The day was mainly about mindset, dos and donts and strategys for the next cycle and case studys. And then damian with the perth market update.
But there was about half an hour of the markets which was mainly rp data tables and graphs etc showing perth and sydney as the strongest markets atm.

So no information that we dont already know and that is already being discussed here unfortunatly.

cheers

 

[sanj]

thanks for the summary

 

[westminster]

Thanks for the summary. Good to hear the latest goss on where Perth is going.

 

[HD_ACE]

no probs .