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Well done. Am curious, did you buy any development sites. I have an agent who emails development sites in Gosnells, he works with developers sourcing these sites and he has said this is currently a market where there are profits to be made. I had a quick look but my concern is the end values...

Hi Delta If you are referring to gurus, I would have to disagree there are a few I can think of that stronger than ever. Steve McKnight is still kicking around making pots of money from property and business. He jumps into markets people follow, prices rise and he bails and takes his...

That would mean Perth median would reach around $800,000, I can't see this happening any time soon, median is currently $546,000. According to this link, median house price in Perth doubled from 2001-2005, market peaked in late 2006. Its pretty rare to have a boom last this long, I think the...

Yes, agree with you, also good time to sell if you have made substantial gains, reduce your exposure and keep you portfolio cash flow positive.

It becomes a higher risk proposition now as Perth started rising 2 years ago. It now comes down to working out what areas are still moving, some have peaked but not all. I still see legs in the areas I am targeting. As a developer its just a numbers game, I am currently looking at another...