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Development sites :D

Its the Rossmoyne highschool catchment so the demand is there to put pressure on prices.

In the next cycle so a few years away yet.

Are they "off the plan" or ready to go? NRAS can work but got to be cautious with the valuations as there is often comms built in that you may end up funding via the purchase price. In regards to the mining slowdown I think there is more (or less) to come before it ramps up again.

Been busy busy so chipping away and doesn't seem to be slowing down ;)

Have noticed rental appraisals via property managers and valuers rental assessments as per valuations are down 10-15% in some areas.

The brick manufacturing marketing efforts 30 years ago convinced people it was the best method. I have heard the Perth brick manufacturing industry and the players involved have a lot of power in the right places which may explain the resistance to better and cheaper alternatives.

Perth median approaching 600k http://www.businessnews.com.au/article/Perth-house-prices-surge?utm_source=Business+News+Mailing+List&utm_campaign=3b0618827f-dba&utm_medium=email&utm_term=0_e5391356e5-3b0618827f-288274925

400 WA Westrac jobs to be cut. http://www.abc.net.au/news/2013-11-12/westrac-to-cut-630-jobs/5086270

Intresting commentry, especially this part; "Evans has nominated the Reserve Bank?s November and February meetings as those most likely to produce a cut to the overnight cash rate. While growth is below trend and inflation remains under control, he sees little reason for the overnight...

Anecdotal evidence supports this view as several clients/friends of mine have either been made redundant, about to be or had their hours cut. Some are also expressing concerns of loosing current positions and having to factor in taking lesser paying positions in the near future.

Now thats a balanced point of view right there ^^^^

You could put a large granny flat on it?

What I assumed 6 months ago was a run in the market could go longer? Combination of relatively low vacancy rates, buy v rent cheaper in 500k & under market plus healthy yields for investors plus population growth augers well for continued price rises. Heard a comment yesterday that WA is like...