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My criteria is pretty similar to what you wrote in your original post. I spent a year sifting thru crap in WA trying to find something that matched and gave up - plenty of opportunities in adelaide, brisbane and country nsw. Ive had houses in each under offer at one time or another but end up...

Nathan B operates in markets that are very different stage of the cycle than Perth is. You can't apply that here, now. You may have been able to a few years ago. If you want to operate that way, you have to find towns that are ripe for that, not make Perth fit to it. It doesn't work that way...