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Mandurah has been in a slump for some time now, but things are looking up since the city has kept growing, vacancy rates are down and interest rates make it more affordable to buy.
We just decided to push the button on stage 1 of a larger land development. House and land packages (31 Lots) near the train station and education campus. Expect pricing from about $320k http://www.centralparkmandurah.com.au/index.html
Lakelands is good due to train right at the front and reasonable quality houses being built in the area.
What's the rent like??
Cheers
MTR
Yeah so much easier with phone or iPad cause smaller, and in Europe so now laptop
cause I use Internet mainly for just researching stuff ,was thinking of getting iPad
and can anyone tell me where those $299k h&l homes actually are? presumably it's somewhere out towards Pinjarra near the forrest hwy?
actually this one has a legit address:
http://www.realestate.com.au/property-house-wa-mandurah-113668079?listingType=buy
ravenswood rise h+l 299k
Lakelands is good due to train right at the front and reasonable quality houses being built in the area.
What's the rent like??
Cheers
MTR
Lakelands is good due to train right at the front and reasonable quality houses being built in the area.
What's the rent like??
Cheers
MTR
Rents are actually falling everywhere I am told at the moment.
Part of the cycle, FHB finding it cheaper to buy than rent, so now we have an oversupply, something to consider when holding property.
I'm curious if Perth landlords are dropping rents or advertising for same amount.
I can not speak for all areas, but a couple of agents have told me that properties are not renting as quickly and yes, they have had to drop the rents, 12 months ago different story. Damn it[/QUOTE
My previous tenant in Lakelands was paying $420. Right now i'm struggling to find a new tenant and i've dropped the price down to $400.
I'm dropping. I got a number of agents out yesterday to look at my Cloverdale house. All said enquiries are slow and to expect less rent.I'm curious if Perth landlords are dropping rents or advertising for same amount.
I have noticed an increase of sold properties in the last month
2 sold in our street this week alone.
the houses selling seem to be 500k and under or development blocks.
There is a lot of stock out there to choose from and there is some screaming bargains to be had in the Million $ market.
I have been burnt badly here in Mandurah and after 6 years l can see the light at the end of the tunnel at LONG last.
Not to worry its still a beautiful place to live and l am healthy enough to enjoy it.
It will as always come back up again in prices.
This time l will be a seller .
I am a big believer for TIMING the market [now]
cheers
yadreamin