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We all could have could have and should have but at the end of the day we would have still had to meet servicability brickwall with the lenders.I know it stopped us in our tracks, ok now though that we have had so much more growth, but finding the confidence to buy again in this high priced...

intinerantoter are you all out of the Perth market now or do you still have some ips in WA? I thought you were going to hold those Coolbellup ones? Gotta go with the flow hey cheers yadreamin

This had to start happening sooner or later.With so many homes being built in that area in the last 2 years .15 homes in one week alone released onto the market.This should start to sort out the supply and demand equasion. cheers yadreamin

Spoke with re/agent in Mandurah yesterday and he said listings are picking up but the last 2 months sales have dropped off.In Silver sands a 2 bed duplex half ,quite old,very small, is listed for $465k.now l dont care what the satistics or graphs show but that price is absolutley bloody...

There is an area out the back of Landsdale that is mind blowing.The size of the homes that have been built there are just unbeleivable.You really do have to wonder who lives in them.To be honest l can not see the attraction of the area. ok it used to be bush but its all brick now. There was a...

I find that a bit hard to believe.Maybe one of our Adelaide formites can confirm beach props at 250K

Kenneth I know of a few investors who have taken their profits/CG from WA and are moving into other markets like Vic and QLD.Once WA comes to a halt it will be many years before we see such CG again[my opinion]. So in effect these investors are getting into a market that is going to reap them...

Kenneth That does not seem to make much sence to me as the CBD is also very highly priced.[all over Perth for that matter] If they were taking their profits to another state then that l could understand. I too look forward to explanations of this stratergy. cheers yadreamin

I think the frenzy buying is starting to slow except for blocks of land.A few r/e agents now starting to follow up their clients and the listings are staying on the market a bit longer, not by much though.I also think there is a lot more rentals advertised in the last month. just my opinion...

muney if you go to their website you will probably find what you are looking for. I did see one short with a couple saying they couldnt afford to buy in Perth and the rent was high so they would have to leave the state. Personally l think they are in for a big shock when they see the high...

Cheeks can you please explain how you are extracting equity about every 3 months. Are the banks doing revals that often these days?

I also noticed over the last 2/3 weeks more and more properties in the Mandurah area are now going to auction. If l was selling l think l would definately try an auction in this market.

Yep BruceW is right, sorry l miss read the Sunday Times results. 2 were passed in at $345. cheers yadreamin

Two of the homes west houses went for 345k the other one $335 this one not in a good spot[my opinion.] Not sure if there were many bidders, maybe a forum member who attended and can fill us in. cheers yadreamin

Did anyone get to the auctions of the 3 homes in Ashfield today? I had to do some ip maintenance in Mandurah so l couldn,t make it. Really keen to know the out come though. cheers yadreamin