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  1. G

    Anyone else looking in Perth at the moment?

    I saw the liftout in the paper, I was underwhelmed I must say. I think people's opinions on this forum are just as valid as their "experts". And why ask mortgage brokers and real estate agents about interest rates?
  2. G

    Anyone else looking in Perth at the moment?

    Not to mention Foreshore, Riverside and Northbridge Link developments creating more appeal for inner city suburbs. Again, long way off for any of these to get going, let along get finished. Anyone seen how long it's taken to develop the old bus depot on Adelaide tce/Hay St? Crimany!
  3. G

    Anyone else looking in Perth at the moment?

    It sure is. Not sure if you've seen the proposed plan for the burswood peninsula area which includes Belmont Racecourse and The Springs? http://www.planning.wa.gov.au/Plans+and+policies/Publications/2182.aspx It's a long term timeframe, but couple this with the new Perth Airport and...
  4. G

    Anyone else looking in Perth at the moment?

    You don't need to go to an ACDC concert, you're living in the bogan capital of the world!
  5. G

    Anyone else looking in Perth at the moment?

    I bought two properties last year, one in feb and one in december (settled in dec, contract in october) Prop bought in Feb to live in, has seen a 15% increase since then, based on similar apts sold in the building recently. Prop bought in october wouldn't have seen much growth since then but...
  6. G

    Anyone else looking in Perth at the moment?

    Well I bought in East Perth earlier this year and just bought in St James, so better put my mouth where my money is. I think the "inner east" is a good bet. Undervalued compared to equivalent distances from the city/river in any other direction. Vic Park, E. Vic Park, Rivervale...
  7. G

    Anyone else looking in Perth at the moment?

    Some high entry points there. Care to elaborate on you reasons for picking these suburbs? Especially Mount Hawthorn, Maylands, Yokine. Thanks, Gooram
  8. G

    Anyone else looking in Perth at the moment?

    I would be concerned about the leach hwy too. Esp if you're considering it for retirement. I used to live about 5 blocks back from the tonkin hwy and it was reasonably quiet. 1 or 2 blocks away though was very noisy. Hoping for offers to fall through is pie in the sky stuff, I would forget...
  9. G

    Anyone else looking in Perth at the moment?

    Indeed, I've been overlooking it for years. Recently had friends move into St James and only then did we realise it was a good opportunity to buy large blocks close to the city at reasonable prices. Vicinity to Curtin Uni makes for reasonably low vacancy and after talking to agents, lots of...
  10. G

    Anyone else looking in Perth at the moment?

    East Vic Park - Offer 650k Denied Burswood - Offer 602.5k Denied St James - Offer 525k Accepted Ended up buying a duplex potential site (750sqm) with a 2 bedroom house on it for much less than the original two which were nicer homes on smaller blocks closer to the city. Were originally...
  11. G

    Anyone else looking in Perth at the moment?

    I've recently put in 3 offers, the first one was at only 5% less than asking price, but it was denied. The second was asking for offers over a certain price, I offered 2.5k over this, denied. The 3rd has been accepted and this was again 5% under asking price. So I'm guessing some agents are...
  12. G

    Anyone else looking in Perth at the moment?

    Fair enough, I would rather live here than invest here for sure. However will definately be keeping this little gold nugget when we move on to something bigger. It's been a star performer and will attract a premium rent. I think if you stay north of the trots and wellington st and don't get...
  13. G

    Anyone else looking in Perth at the moment?

    I said relatively low :)
  14. G

    Anyone else looking in Perth at the moment?

    I have to confess my bias, I live in East Perth, and even the same block as this one, probably not for much longer, but if you can negotiate a good price on this, you would be close to CF+. http://www.aussiehome.com.au/property.aspx?pid=191535 It's a two bed + study, 2 bath, 2 storey...
  15. G

    Anyone else looking in Perth at the moment?

    Certainly very busy out there on the property trail, but BIS Shrapnel think it's over exurberance based on the Gorgon announcement... probably is. http://www.watoday.com.au/business/no-wa-house-price-growth-over-next-three-years-expert-20090921-fx7t.html Regardless, I'm still looking, have...
  16. G

    Anyone else looking in Perth at the moment?

    Yes it does sound like a good buy, those apartments are pretty bad but they are on a huge parcel of land in between brand new developments. The springs website doesn't have much detail, any idea of the timeframe for this project? On the backburner like most others atm?
  17. G

    Anyone else looking in Perth at the moment?

    I was shopping up there about 2006 and you still couldn't subdivide in old quinns because sewerage was not in yet. Agents were saying it was imminent but couldn't put a time frame on it. So this has been done hey?
  18. G

    Anyone else looking in Perth at the moment?

    Heh, heh, well if you've got the time the scenic drive along the coast is the way to go. I think they're both bad, but coz I have a rental in mullaloo, I travel north much more than south. It's called a freeway, but it continually merges down to two lanes and stops traffic, there's plenty of...
  19. G

    Anyone else looking in Perth at the moment?

    I don't think anyone is suggesting "perth won't grow". Like yourself, just suggesting that it may not grow over the next few years. My biggest problem with the northern suburbs is the access. There's one way in and one way out. Until they sort out the bottlenecks on the freeway, I just...
  20. G

    Anyone else looking in Perth at the moment?

    I would say alot of people are wondering the same thing. If you think the market will be slow for a couple of years, maybe look for something with higher yield to minimise holding costs. That way you can afford a few years of no growth. If you need to invest for growth to gain equity to...
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