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You must have an entirely different definition of ghetto to what I do. Some of them are badly designed though, agree with you there

Sounds like it's a strata titled property and not a survey strata. Think of it as being like an apartment, the internals will be long to you, the external of the building will belong to the body corporate, as will all the land which will likely be common property with possibly some exclusive...

How much below 400k? What are similar non nras properties selling for? What else would the same money get you in the suburb?

It's been a good time to be a tenant over the last couple of years but especially so atm. I don't see myself buying a PPOR anytime soon.

Hahaha 500? That's a good effort.

Yup this has been on the cards for a while yet people are continuing to pay stupid prices for sites without realizing how quickly the market cab change. Good luck to them, they're gonna need it. Having said that even demand for sites is dropping

honestly i think a lot of people are ready to move on. at the top end maybe not becaused the moneyed set are usually the most conservative, barring some exceptions of course. i think with younger buyers theyre more open to it. a friend sold some townhouses recently made from hebel that were...

You must be on another clock to the rest of us, Perth started picking up 2 years ago, you certainly have missed the boat if you're I lay looking to buy now

just a bit of anecdotal evidence re the western suburbs. ive mentioned a few times in the past that im seeing more activity, i definitely feel this is the case. i just returned from overseas and in the 12 days i was away a property in dalkeith came on the market and went under offer. a few...

2 things come to mind. 1) You have been "selling soon" for over 6 months now and started thinking about it a fair bit earlier. In that time the price gap between your properties and something that is more desirable to the wider market is only widening. Please, for your sake, get off your bum...

Exactly. Smaller niche areas should not be held up as examples of how the market has performed on the whole Incidentally I'm seeing increased activity in the western suburbs, houses selling quicker in Dalkeith, offers before auction etc

So the western suburbs is the market as a whole?

What are you basing this on? What areas are these that haven't grown In nearly a decade?

i recently stopped someone from buying a 2000sqm R40 site in rivervale/kewdale he had under offer for $1000/sqm!! can you believe it?? this is the same guy who i found a site for 18 months ago with a 45% or so profit margin and he didnt want to buy it. This one wouldvee made 10% AT BEST, imo he...

basically a signifiant % of recent buyers of multi sites in places like belmont are first timers who will lose a lot of money. no one with half a brain would be paying the sort of prices they are

sold 2 in 5 days recently in maylands, will hopefully be unconditional in a couple of weeks interestingly though i havent had heaps of enquiries for my perth block despite it being suitable for 3 apartments and in 6000 postcode, 240sqm block appears to be a hard one for some people to...

people are doing crazy/stupid things at the moment but i think it's actually started to slow down slightly

im actually seeing different results at the top end aaron. can only comment about the western suburbs but im noticing a hell of a lot more activity around there

btw i wasnt intending to quote "isolated cases", i jujst figured actual examples would help. in the examples i gave all except for possibly the bayswater one were available almost suburb wide and so plenty of people would have made those kind of profits ultimately though it goes back to the...

HE - i prob should have made myself clearer, sorry. Im not talking about past performance and im not talking about people who are only just now breaking even from losses incurred from 2007 onwards. Im talking about people who either have been buying or been trying to buy in the last 18...