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  1. MTR

    Melbourne vs Perth

    Different strokes for different folks. What can I say Paris, New York, Perth, Melb, Syd, Girrawheen:eek: just a silly private joke in my head Seriously, who cares, it is what it is, no competition here, I have travelled extensively, sure many of us have but where we choose to live is because...
  2. MTR

    Melbourne vs Perth

    Not Perth at the moment. I have another development site in Perth which I was planning to develop later this year/early next year, however I am sitting back, watching and waiting. I may possibly put together plans and have builders quote the project. If building costs start to fall back...
  3. MTR

    Melbourne vs Perth

    Jo You are completely missing the point.. you are ignoring the markets today, yet you want to buy today/in this market. What will happen in 5 years who knows its all guess work and opinions, we all have these like belly buttons. If you are buying in a declining market What do you think will...
  4. MTR

    Melbourne vs Perth

    Despair, you bet, falls of 30%+ and rents in free fall, good word to describe this is despair or disaster for those who purchased $1M properties that are probably now worth only $600K?? Jump in for a bargain there are plenty if that is what you call them.
  5. MTR

    Melbourne vs Perth

    No need to panic, Aldi I believe coming kwinana area
  6. MTR

    Melbourne vs Perth

    Median on par, but this can change very quickly when one market is rising and the other is going sideways or falling. Last Perth boom cycle, talking about the mother of all booms end of 2006 prior to crashing (I refer it as mother.... because this Perth cycle went from 2001-2006 Dec). Perth...
  7. MTR

    Melbourne vs Perth

    This is true, Perth has really come out of the dark ages for sure. Had a friend from Melb come over recently and I think they were pleasantly surprised:) The issue I see with regards to property in Perth at the moment is market sentiment, this creates uncertainly and buyers then sit on their...
  8. MTR

    Melbourne vs Perth

    I agree with you, price point/product comes into play, so many variables, there will always be pockets that may be going against the trend, and its a matter of finding out where and what. I have just sold all my villas in Spearwood in just over one month, even though the market has...
  9. MTR

    Melbourne vs Perth

    Hi Jo This is what has happened recently in Perth, no guesses, the facts 2012- (mid) 2014 - rising market Perth Properties that performed that had the greatest growth were generally development sites. Perth market is currently falling back or going sideways. Why? because there is...
  10. MTR

    Melbourne vs Perth

    You don't need to be an expert, all you need to know is what market is rising and what market is falling and what product is in demand
  11. MTR

    Melbourne vs Perth

    Of course, have you looked at Perth market today
  12. MTR

    Melbourne vs Perth

    You must be joking, seriously this is incredibly high risk at the moment, this market is still falling including rents, with an oversupply of stock its not going anywhere. Mining is a dead duck at the moment and companies are sacking not employing people. Recovery could be 10-20 years away...
  13. MTR

    Melbourne vs Perth

    I like this strategy, add a mix of lazy re agent and you have a perfect scenario, make money on the day you settle. MTR:)
  14. MTR

    Melbourne vs Perth

    If you follow cycles you will understand that the horse has bolted, competition was in 2012-2013 perhaps late 2014. This was a buyers market. Now we are living on a song and a prayer, its a buyers market. No point buying property unless you have a strategy to add value and you purchase at the...
  15. MTR

    Melbourne vs Perth

    It's much easier to make money in a rising market, Melb is still rising. Find areas that fit your budget and find out what product is selling. View auction clearance rates etc etc. Perth stocks are increasing, therefore in many areas supply is greater than demand. MTR:)
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