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  1. C

    Perth - madness.

    I get asked that question a lot, it was always easy to say Perth before, but Melbourne and Brisbane are looking very promising at the moment. I wouldn’t touch Sydney unless you have some specific insight into an area or a project that you knew would do well. I think the Sydney market as a...
  2. C

    Perth - madness.

    In regards to how long and how big this resources boom will be? How long and how much of Australian resources will it take to build the infrastructure of the USA 10 times over? 30 years, 100 years? Keep in mind China is effectively taking 2 billion people from huts to houses and...
  3. C

    Perth - madness.

    Keep in mind about 30% of all properties are rentals, last I checked it was like 27% of all properties. So during the slow times you may only get 10-20% of buyers being investors, so during the boom times you need the 40% to get the average up to the 30% norm. Also worth keeping in mind...
  4. C

    Perth - madness.

    When you look at population growth, job growth, and wage growth you still can't go past WA. Also worth keeping in mind the Sydney median price is some 150k more than Perth yet WA average wages are now greater than those of NSW. Plus WA average house and land size is the largest in the...
  5. C

    Perth - madness.

    What is it with people thinking that Perth will run like mad then, all of the sudden, stop leaving them out of pocket in the middle of a property crash. The past property runs in Sydney and Melbourne do nothing to support this. The market is strong, the investors from all over the country...
  6. C

    Perth - madness.

    Perth Market has plenty of legs left, 12 to 18 months at least with 10-20% growth. Just need to be a bit clever about finding deals. Very hard at the moment, but not impossible. Of the other city/states around Austrlia, I think Melbourne looks cheap now. Cumown
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