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I hear you! I've managed to buy 3 IPs in the time I've been looking for a PPOR. Sigh!

If you are talking Western Suburbs of Perth then yes they took a hammering in the GFC and have struggled to grow again but I think in the long term will as they are excellent locations. If you are planning to live there for the 20yrs of schooling then the location, amenities and commute have...