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Just came across a deceased estate where the vendors rejected an offer of $2.1m eighteen months ago. Just sold now for $1.7m after being on and off the market since then with various agents. It doesn't always pay to wait around! :eek:

To think that 30 years ago the best coffee in nearly all workplace kitchens would have been one of those massive tins of International Roast. Being of Italian heritage, my parents were the only people in our neighbourhood who drank "real" coffee (moka pot). Everyone else was asking "how...

Looks like a lot of people got Sydney wrong in 2011. Massive spike in expectations that prices will fall, just before they boomed. Oops! Going by past performance therefore, Perth will boom over the next few years! :rolleyes:

Things are selling but only at the right price. A house I've been watching in City Beach has been on the market with two separate agents for six months and got nowhere. Going to auction soon with a third agent. We shall see - luxury house with good spec but the price was always up there...

Nice - clearly we are in the grips of a housing affordability crisis!

Including surrounding suburbs doesn't really help you get an idea because the spread can be pretty large. But I just ran a search for 3 bedders for lease in Cloverdale only and came up with 30 results, which is a lot, even for this time of year... I've got a Rivervale house coming vacant at...

Yes, that's what I was getting at... A nice PPOR (perhaps - if you like that sort of thing!) but it's hard to see on what criteria it represents a good investment? :confused: Maybe you could tickle it up and flip it but the transaction costs involved would be horrendous. As an IP, I...

And what would the net yield be at that price?

Lifestyle isn't just measured in terms of distance to the shopping centre or distance to the beach. It's the distance to everything else. Freo, Cott, cafes, bars, pubs, clubs, quality schools, commercial / light industrial areas and the rest of Perth where your friends might be. If you're on...