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Buying opportunities in the high end market? http://m.perthnow.com.au/realestate/news/mining-downturn-may-create-perth-prestige-property-bargains/story-fnhlgriw-1227116146741?nk=0ed3cc55573b9737137ae7035204bf35 There must be a sign of struggling sales when agent keeps calling me every week...

Thanks mtr. Looks pretty good. Will check it out. I find looking for ppor is such a drain compared to the excitement of looking for ip's!

I agree. Unfortunately the missus is pretty set on the schools in the western suburbs.

I've noticed Nedlands moving pretty quickly for properties priced right. Dalkeith and Peppy Grove a lot slower, with some potential good deals around! I'm just doubtful of how much future growth in these suburbs, considering the high entry point.

There are always trade-offs in the different strategies. What is better in the long run?: 1) blue chip ppor 2) 4 or 5 investment properties totally similar value, or 3) commercial property The missus and I have had the tussle between public and private schooling for a while now...

Good point MTR. This is consistent with the contrarian view that as the blue chip properties have seen little growth since the GFC, then they are good buying, as it will soon be their time gain...

That's true. Thanks for the insights Cliff.

Most of the western suburbs cannot be subdivided at the moment. Perhaps in the future, and the trigger may be the local councils consolidation. If that happens, it would unlock quite a bit of value.

Thanks for the thoughts MTR. It's always worth reading hegney's analysis. Trade off strategies are: - Buy the biggest and baddest ppor that money can afford, and release equity for investments; or - Use more for investments and upgrade to a not so grande ppor.

Supply increased due to asset rich, cash poor baby boomers downgrading to fund their retirements. Most of these suburbs are non subdivisible, so they cannot subdivide to access portions of the equity. Demand is tied to the health of the economy, which all things being equal, ain't looking as...

Will it create an imbalance of demand and supply? I guess a lot of the wealth is tied to the economy. In the West, a lot of it is tied to mining....

I think a large portion of the people in those suburbs are asset rich and cash poor. Old money with houses that have stayed in the family for decades. Those people will find it a challenge to fund their retirements, without downgrading their ppor.

Anyone have thoughts on upgrading PPOR and buying into top end blue chip suburbs? (I.e. like the 3 suburbs with the highest median price in the capital city). We are considering it (mainly to be closer for kids future schooling), but not sure if there is any growth in those type of suburbs...