Hi Guys,
Long time lurker here. Single, health professional basically looking to buy an easy care PPOR in the Ardross, Mount Pleasant and Melville area. Obviously I would like to live in these areas eventually and they are quite central for my practice in O'Connor and close to the train which I can take to my other practice in Mandurah.
Basically looking for something like this http://www.realestate.com.au/property-house-wa-mount+pleasant-116161235
The opportunity cost in doing something like this is that I essentially live for free in one of our family properties in Mandurah and could use the money for a better investments. Obviously the vanity in me wants to eventually live in one of these blue chip suburbs and for lifestyle reasons closer to friends and family. Regardless - it is something I will likely do eventually.
Do you think it would be worthwhile waiting to see if the market depreciates in this 1-1.2mil price range or at least until more stock becomes available? Do you think there will be much growth for properties like this? Finally, am I being stupid in blowing all my cash on a little McMansion?
Regards
Badhr
Long time lurker here. Single, health professional basically looking to buy an easy care PPOR in the Ardross, Mount Pleasant and Melville area. Obviously I would like to live in these areas eventually and they are quite central for my practice in O'Connor and close to the train which I can take to my other practice in Mandurah.
Basically looking for something like this http://www.realestate.com.au/property-house-wa-mount+pleasant-116161235
The opportunity cost in doing something like this is that I essentially live for free in one of our family properties in Mandurah and could use the money for a better investments. Obviously the vanity in me wants to eventually live in one of these blue chip suburbs and for lifestyle reasons closer to friends and family. Regardless - it is something I will likely do eventually.
Do you think it would be worthwhile waiting to see if the market depreciates in this 1-1.2mil price range or at least until more stock becomes available? Do you think there will be much growth for properties like this? Finally, am I being stupid in blowing all my cash on a little McMansion?
Regards
Badhr