Good on you Pete,
Congratulations on your purchase !!
KEvin
Thanks, Kev. And you on yours, too.
This once in a hundred years' boom seems to last a few years.
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Good on you Pete,
Congratulations on your purchase !!
KEvin
Thanks, Kev. And you on yours, too.
This once in a hundred years' boom seems to last a few years.
If someone had forecast the last five years of WA growth it would have been greeted as fiction.Of course it could all be fiction ............
Hi Goo...
Buying in regional as well as metro.
Karratha is a no brainer for the next 5 yrs ( which compliments the space between my ears..)
A
ttended a closed Landcorp info session on Monday. Three big miners were there detailing their housing requirements asap. They require 200 each min. Total housing requirement in the Pilbara is 1000 needed yesterday.
I don't look at the place in terms of a mining boom. Its an ongoing expansion phase that will take 10+ yrs to complete.
Offer on a 3 bed apartment in Central Perth today.
Its a lifestyle/convenience purchase...not a speccy flipper.
Completion due late 2008/2009.
Depending on who you speak to, the market has either died in the b*m or is still red hot. Confusing times.....
KEvin
I saw house and land packages in Karratha in the paper a few weeks back, I think around 6-700k for a place with ~85-900pw indicative rent. Is this pretty typical?
Is this sort of thing you're looking at... new builds? Is this all that is available given the shortage?
Do you predict rents (and therefore most likely prices) to keep going up or is it reaching some sort of stabilisation.
Is there much of a home owner market in Karratha or is it mostly driven by investors?
Thanks for the info
Gooram
From where I sit, the Pilbara has not yet started in earnest.
Then theres Onslow, Pt Hedland, Broome, Barrow Is. and others not yet announced.
Most of it energy related.
It will take a global meltdown/ global disaster/ disease pandemic to stop what is currently unfolding.
You can't predict those, so no sense in worrying about them.
Its business as usual, and WA is open for business.
All this will flow onto to the city and hold up property values.
Kevin.
Hi all,
This year a milestone in our financial plan has been achieved. We've reached our first $1M in equity!. It happens 2 years before originally planned. When we started this journey, we thought that a million $ was a lot of money and that somehow we’d feel different. But, the reality is that we feel the same. We still feel poor though, with a rich mind set. No doubt that the big difference between then and now is the knowledge. Nonetheless, we still feel disappointed.
According to our calculations, the next equity Mil will come in another 3 or 4 years. This time around we have no expectations and most probably will still feel the same.
Our relation to $ and finance had evolved along these years. The way we structure deals, even simple ones, is different to what most of the people we know do. It is a lot of fun For this, I have to thank you all forumates!!! You have been great teachers and mentors. Suffice to say that if we'd have follow our then financial advisers advice, we should have about $150k-$200k equity at the most instead of the Mil.
Thank you all,
James.
According to our calculations, the next equity Mil will come in another 3 or 4 years.
Well, it took 4 years for the 2nd MIL to arrive. It wasn't 3y due to the GFC and all the $ we lost in the stock market. Though, I must admit it was a hell of a learning experience. MIL number 3 should be with us around 2014.
Didn't know this thread existed until just now.
Well done Agent007