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I don't think there is one person in Perth who DOESN'T think the boom will end. Its all just "blah blah, thats what we were saying in Sydney 2003 chuckle chuckle those Perth people don't know whats coming". Yes, we know, its a cycle not a straight line. :rolleyes: What were people...

Thanks kph/stretchy for taking the time to add your opinions! Some really great topics/ideas, that I could debate for a long time, but essentially, I believe we may be on a somewhat similar page. Alexlee, of course there is a bust coming, nobody doubts this (the timing is the unknown...

Hi Stretchy, If Perth's price rises another 30% it will be well over $500k. Also, keep in mind your response is the same as others when I predicted median prices would easily reach 400k. * "Sure, there will be ups and downs", translated, what I am saying is not that Perth's median will...

About 6 months ago, I told everyone in the forum that the median price of Perth would crack Melbournes in no time, and be at 400k before the end of 2006. Nobody, and I mean nobody, agreed with me. The closest I got to agreement was "I hope so but don't think so". I also floated the...

A good friend of mine just sold his 2 bed apartment in Mt Lawley (bias: best inner city Perth suburb imho) Old 2 bedroom. Nice place. On Walcott Street (busy road for those in the know). Asking $600k. Listed on a Friday, under offer on Monday for $630k. I would surprised not to see...

haha nice! Uranium ... oooh I hear there's billions of dollars worth in Western Australia... dig it up I say!!!! No reason not to. No reason at all.

Couple of answers: Yeah Pete, I am interested in Melb and Sydney, and pursuing. Perth is *very* tough at the moment. I know certain areas in both cities, not really from a realestate perspective, but I am educating myslef as fast as possible! As far as the Prahran/Surrey hills comparison...

Thats what people told me in 2003. That the market was peaking. Well, here we are probably close to 50% in CG later...people saying the same thing. Here's some anecdotal evidence of why there is more room. I have looked at places like Surry Hills in Sydney, and Prahran in Melbourne...

OK - an update to my first post (thread starter). Another month and a half has passed. I have made one offer on another property, a 2 bedder in West Perth (Mount Street). It went like this: 1. Initial advertising asking 360k. 2. I was the first to contact agent, and the first to...

OK. I am looking inner north for an apartment - preferably a reno job. This is for investment and lifestyle reasons, not purely investment. EVERY property I have called about / visited lately is SELLING BEFORE the first home open (that is, sight unseen apart from internet photos or other...