thanks Pete, probably a bit pricey for me for a while. especially for a 'bad debt' asset! Am interested in some of the theories now that say the sea change hysteria has run its course and people will now be seeking bush blocks. Would be nice to be at the front of a trend, not to mention a damn site cheaper on my hip pocket.
the other thing is, if you were to sink $700k into a beach house, as an alternative i could sell my house here and live by the beach in Perth for around $1m and be on permanent holidays and be cGT exempt and save on land tax and rates. however I live in Subiaco and love it too much and couldn't leave. dilemmas!
I recall hearing the ocean at night when I lived down at Madora for a while - pretty spooky for a kid. nowadays would always be wondering when a tsunami might hit. did you see the article the other day saying the lower WA coast is susceptible to a similar Aceh style tsunami? makes you think. don;t get me wrong - a great area to live, play, invest and I would still buy there.... but it will always be at the back of my mind. a bit like having a plane crash I guess, scary but unlikely yet still it happens.