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I think its not that great, pretty flat, still an over supply. Rents have now bottomed out. Not sure when this market will move, but while there is too much stock it will continue to do nothing iMO.

But its not an even playing field, some areas/suburbs are doing well while others perhaps going sideways, the stats are just that. I sold 1 villa in 1 week on the market and fingers crossed will have another under offer at the end of this week. Its looking good at the moment. MTR:)

Its not a flat market, there are still buyers in the market, but now you need to make sure that if selling the property is marketed correctly and at the right price because more stock is on the market and buyers have more choice, there is no point over pricing, it wont sell.

PP01 ... and that is why the area is such a gem, cos it does not matter what you do either way you will make money, it ticks so many boxes. As you purchased 12 months ago, you purchased probably 50-100K less than me..... good for you:)

Yes, the agent phoned me before it hit the market. She also sold 3 x 711 sqm side by side, in Arkwell? for $710K each, not flat blocks sold to an investor/developer. You don't buy from this agent as she gets top $. MTR:)

Phone Council Yep, its -ve cashflow as is the case with most buy and holds, and with deve sites can be more depending on when you jumped in. The idea is if you are planning to develop and worked out the numbers, holding costs is a given, when you develop you will make xx profit which...

Be nice if this was possible This road is a main artery, near shops so may be a good one for apartments, rezoned to R40?? The last sale that I am aware of on Archibald was around $600K but it was an absolute dump about 5 months ago?? similar size lot. I would have thought $610-620K...

We are already seeing an oversupply in various area and rents dropping. I was told that at one point there was 700 villas/units in Balga on the market, perhaps that also included Westminster?? Anyway, its not hard to work out when there is an oversupply prices drop. I would not want to building...

Good council to deal with and seem to be pro development and proactive incentives to improve area, unlike Stirling:eek:

I can understand that some 20-30 years ago, State Housing conjures up many negatives, probably still does, but I see $ . It was only about 2 years ago you could pick something up in Willagee in 400s, now we are looking 600s-700s and rising. Location - well its about 15 km to Perth CBD...

Am sure some will not need finance and its a done deal, buyers will select best offer. When you have a property which is unique/desirable this strategy is ideal, I would use this in same scenario, create competition, makes sense, we are talking unique properties, something that does not come...

Invstor in hot markets the seller holds all the cards and if you want to play you don't have a choice. I hate this strategy, cos I then know I am dealing with a smart agent. Willagee much higher end value than Cooby and Willagee also has more pockets of higher zoning. I don't believe...

Hi Dex Yes, that is right. I am playing in the Melb and Perth market. I start building in Melb in January 4 unit site and eyeing another at the moment if I can secure at auction. MTR:)

Have a read of the Herron Todd report re: Perth Thought it was interesting and pretty much identified the southern corridor as very strong ie Spearwood, Kardinya, Willagee.... however watch out for oversupply in about 2 years time. Makes sense market can not stay forever. I am offloading in...

I agree, who knows, just watching, watching and watching:) Its interesting at the moment am watching areas starting to hot up, perhaps its Spring and everyone is coming out to play. I have a Chinese RE agent who will be selling my Kardinya blocks, she mentioned that she has Chinese clients...

Qbe Just thought I would post this here, as they are forecasting 2% decline in Perth over the next 3 years. Certainly the market has changed and most of the developments I am looking at have not been stacking up for a while now. Also, we are seeing an over supply of apartments/units in...

I think idealistic locations such as south west/Margaret River etc. these work well and sell well, but the Perth mindset is still not grabbing I don't believe. This will make you laugh, I am paying 540K building costs for 4 townhouses in Melb, yes, that's right, not double brick of course...

My builder tells me there is a skill shortage for all trades at the moment. Perhaps back to looking o/seas

No issues currently in Melb. Syd could not even get someone to quote me?? they can pick and choose I think.

Properties listed for sale - 10,255 (West Aust. 6.9.14) Properties listed 12 months ago - 9113. What did we call a balanced market - 12,000. I have no idea, I still believe the market is still good depending on the price point.