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Auction Attended my first auction today. Was expecting a bidding war.....but only buyer in action. Not worth getting popcorn for :D REA started at $560k, no takers. He increased it to $580k. 1 bid. Then he increased it to $600k. Same bidder. He increased it again to $610k. Same bidder...

Quinn's Rock is south of Geraldton, no? :D

Checked out 2 properties in Langford today, just to get a feel of the suburb. This one was an ugly duckling indeed. The house and street looked rundown. http://reiwa.com.au/property/for-sale/19-Randall-Way,-Langford-3528576/ Next one was a much newer house but smaller block. Main road...

Thanks MTR. Will take a look-see at Kardinya. The front property sold in Aug. I wonder if the owner demolished the original house before selling. Is it profitable to do it that way? 9A Atwell Ct $340,000 - Normal Sale 04/08/13

Congrats Eks :cool: Where did you buy?

Went to sticky beak at this home open. Owner selling without REA. http://www.realestate.com.au/property-house-wa-willagee-117999807 Has potential but too pricey for us :p

Thanks Westminster :) Have yet to find out all these R codes. I can just read with awe and envy when you guys discuss your developments. Sound so cool :cool: Will look out for R20 :)

Thanks MTR :) My PPOR is in Willetton. The prices in my area alone had gone up quite a fair bit. With median of $700k, we have missed the boat with our own suburb. Based on that, I've just thought that the other suburbs going towards west would be similar. Out of our reach. But I will...

Thanks Aaron. 2 areas to eliminate :) Terry Ryder picked Kwinana and Armadale as 2 of his 10 high yield locations in Money mag, Sept 14 issue. Mandurah and Swan were in the growth list.

I need to learn faster! :D

Dave, I'm so clueless that I don't know what you mean by usable. We can't use all the equity in PPOR? I think I'd better stick to perth for the first IP (see...I'm optimistic that there will be more than 1 :D )

Thanks Invstor. Will take a look at these suburbs on REIWA and Real Estate.

Thanks Dave. We used to rent in Canning Vale, when we first migrated here 8 years ago. Thornlie certainly had a stigma. Btw Thrones is one of our fave shows. Waiting for next season! :)

Which suburbs would you guys suggest? I'm trying to nail down a few to start monitoring, whilst I continue my IP education on SS :D I think I have at least $300k equity on my PPOR, just based on median price and loan outstanding.

So they are viable for buy and hold strategy. What are some of these suburbs that had been "normalised"? :) Would tenant issues be harder to manage in the stigma suburbs? I'm guessing issues crop up everywhere, anyway :confused:

In today's media: http://www.perthnow.com.au/realestate/news/perth-real-estate-ugly-duckling-suburbs-emerging-as-swans/story-fnhlgriw-1227075568173 Is this guy on the right track for Perth hot spots?