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Haha that's funny. I guess what you are trying to say is Australian real estate is over priced and too risky to invest at current prices?? If that is the case, what if u are wrong? If a crash were to happen then many Australians here are screwed big time...

Actually after re reading all your comments again it makes a lot of sense. Many thanks for your thoughts and input. This forum is excellent I never knew there were so many smart people out there.

Not only this I forgot to mention the income in Perth is higher than Melbourne. So you could say it's reasonable for house prices to be on par with Melbourne. HOWEVER, because I am looking for houses in both Melbourne and Perth. It is in my opinion that Perth is relatively cheaper than...

Are you sure about that? Perth is the fastest growing city in Australia. We just hit 2 million people recently. This is less than half the population of Melbourne. However, we are growing at a faster rate. I know property price doesn't correlate with just population. But Perth is a very nice...

Thanks Rixter I agree with pretty much everything you said! Just hope that the market keeps on rising like it did in the past!!!

Can you please tell me how can I buy 2 houses with that kind of money? Houses seem to be so much more expensive than units these days. A 2 by 1 house in a good location in Melbourne would cost you 500 to 800k where as a unit will be 400 to 700k. Also why do you recommend houses over units?

Hi Rixter, I've actually been stalking you for some time reading on your success stories!!! I can see you went for the LOE method over cash flow. You must have huge debt but also equity. How can you sleep at night knowing that the property market may crash one day and watch your equity...

Hmm normally property markets run in cycles. When there is a period of boom there is a period of decline. At the moment Perth property prices in general have flattened and may present a good buying opportunity. If I purchase a property in Melbourne at the peak of the cycle, this may not be a...

What I mean is Perth has more potential for development on city infrastructure such as bus routes, railroads, means of transport etc. Where as Melbourne is fairly developed and no other drastic improvements can be made. The development of the city correlates with population and ultimately...

But wouldn't mining crash affect the property market ?

Not really sure what my investment strategy is going to be. I guess buy and hold for the long term until I have enough equity to buy another property? At the moment I have a pre-approved loan of 890k. I don't think I would spend this entire amount on one property as the property is an IP. I will...

Hi guys, Deciding on where to buy an ip. Which city in the long term is a better investment: melbourne or perth? Looking at the property prices I find I can find better value for money properties in perth than melbourne. Melbourne is already developed im not sure how it can further...