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12,000 is nothing was the gist. half of them are probably from NZ and over east anyway. A drop in the ocean compared to the closure of auto manufacturing

I'm seeing green shoots. Agree with what the article says at least to the extent of the 'end' of the mining boom being overstated. Good time to buy tho with sentiment so down - as MTR says just research your market and act accordingly. We have seen that even in a severely under supplied...

how does the tightening finance effect you... thought it was more high LVR investment loans?

assuming it's single resi, the average rate is being distorted by the large size of the block. That's just my view of the world... stuffed if I am paying $1000-2000/m for land on lots bigger than 500sqm just so I can weed and mow it, particularly if the market is dictating that I need to go 2...

yes affordability. if you have the money tho, generally speaking if you slap a $400k house on say a $900k block (after a few years of building equity etc) there should be a few hundred k uplift in value. I haven't checked the values on new 2 storey houses in Wembley downs to see

I don't understand, why would you pay $400k for a vacant lot in Bassendean when you could be in Wembley Downs for $800-900k with a serviceable house? Or $7 whatever in mt Hawthorn?

I can't think of anything much better you could buy for the money. Tho that one in Mt Hawthorn looked good. $800k is the dream

compared to pretty much anywhere. next step up is golden triangle

you being serious? awesome property, awesome location.

yeh that $2.5m - $5m range, you need good times to be rolling to shift that easy with a profit. I like that sweet spot of $1m-$2m.

well it said sales surged, listings steady. not trying to talk the market up or down - not that I can - just found it at a complete 180 to feedback on this thread. bearing in mind 50% can be 2 sales moving to 3 sales

just read the Western Suburbs Weekly, reiwa article in there saying sales in the western burbs have 'surged', up 50% in May. best suburbs - from memory - Claremont, mosman park, Nedlands.

I disagree - there are multiple cities. You couldn't say Hamilton Hill is worth less than Girrawheen just because one is closer to Perth than the other. Also there is plenty of new build supply in Perth - wouldn't put me off buying an existing house.

how does this GF thing work in a nutshell? I thought the valuers didn't attribute value to them, in which case the $120k you sink into it is just unleveraged investment? Seems like a really hard way to achieve some extra yield

it's all about the numbers. I heard about this one, was a good deal; http://www.realestate.com.au/property-house-wa-coodanup-119847981 anyway let's get back to Perth...

forget about granny flats. for the cash you could leverage on a house in coodanup and get a better return with more land exposure. unless you buy someone elses GF'd house

ok just note tho that halls head / central Mandurah and even up thru silver sands, san remo, Madora etc are built out. new stock supply will place upward pressure on coastal and inner city values

both actually. when you drive down south on the Forrest Hwy you look all around you and it's paddocks and cows, then you look at your satnav and notice... holy cow... all those paddocks are already mapped out for subdivision. That area is set to absorb bulk population growth going forward...

something like... http://www.realestate.com.au/property-house-wa-shoalwater-119967489 or http://www.realestate.com.au/property-house-wa-hamilton+hill-119962877 heaps of choice for that money You could buy 2 x houses in coodanup or Mandurah for that money that would yield 6-7%...

yes the tenant market seems quite buoyant