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It will only cover the mortgage if somebody pays it. Plenty of stock in Highgate.

Gold Coast and Perth have similar growth rates year on year and have done for some time.

How many major non Oil and Gas or Mining Companies have their HQ in Perth? I've excluded these because you don't need to live in Perth or even in WA to get a piece of their pie.

It has the same volatility.

You'll be quite happy to display some pics of your workmanship then. Nothing too serious, just something along the lines of this standard. http://www.realestate.com.au/property-house-wa-mount+hawthorn-119889409#

Then you won't get your price then. Looking rather emaciated again.:D

That's a really nice job, but that's one hell of a lot more than $300,000 to get to that level.

So $705,000 + holding costs + renovation ( $300,000 + at least ) + flat market = ?????????? Where is the fat here?

:o Gold Coast: 600,000 people... and growing every year. The largest growth rate of any area in Qld. 10 million tourists a year Mandurah : 80,000 people. The place you bypass when heading to the South West.

That has to be the most ridiculous thing I've read on this forum for along time.

The Vacancy rate in Perth is nearly at 5%, the highest in nearly 15 years.

Perth is more similar to the Gold Coast. Only ever boom or bust, never a happy medium.

I agree with you. However how are they going to make a lot of money renovating or building new on a 490 metre block? If it was just a case of living in the area, they could have rented something better for $450 a week. I really don't think in the current climate, they got it for anything...

Break out of what? Layoffs in the mining industry? Redundancies in Oil and Gas? It is only beginning.

http://www.realestate.com.au/property-house-wa-mount+hawthorn-404834762 Look at this rental on the same street, 3 x 1 $515, bigger block than the 490 of the 1 they paid $705 for and in better condition. And it isn't renting at that price...

The other thing is, that migrants, particularly discerning asian buyers, are not interested in these types of properties. They want modern, double storey, double garages, shoppers entrance etc and these houses don't provide that. These old homes require a lot of money to renovate and sell and...

How do you fathom that? There's 250 metres difference in block size. How will they get a double carport, 4 bedrooms and a swimming pool on that....... without going up..... which costs even more????

I don't think so mate, you're figures are a fair bit astray. House on same street, 736 sq metres, fully renovated, double carport, swimming pool. $1.3 million and it isn't selling?????????????? http://www.realestate.com.au/property-house-wa-mount+hawthorn-119889409

I wouldn't be at all convinced that that house was a great buy. Look at what similar( better ) type places are renting for in Mount Hawthorn. The rental market is flat. There is a lot of money to be spent there in order to even achieve something in the low $500 a week mark. It's a decent...

There's not a lot of fat left in these older homes in Mount Hawthorn these days. They cost a lot of money to renovate and maintain and a lot more than $5000 and a lick of paint would be required to get a decent rental return. 2 bedrooms is a limiting factor for families wanting to rent in that...