Hello all,
I have been reading a lot of the threads and have found them very informative - so many thanks to those who have contributed.
I am looking to invest in Perth. I want to buy a house, hold on to it for a year or two, and then develop it into two or more villas. My budget for the house is around 500k to 700k. One of my friends is suggesting to invest in Balga, but I saw a few threads saying that that area has too much supply of villas. The other area that I am thinking of is Mandaruh. This area will attract a different set of people as compared to Balga's and I was told that this area is slowly coming back after a few years of decline in prices. Could you please shed some lights on this, as well as other areas that you think are worth investing?
Many thanks in advance!
I have been reading a lot of the threads and have found them very informative - so many thanks to those who have contributed.
I am looking to invest in Perth. I want to buy a house, hold on to it for a year or two, and then develop it into two or more villas. My budget for the house is around 500k to 700k. One of my friends is suggesting to invest in Balga, but I saw a few threads saying that that area has too much supply of villas. The other area that I am thinking of is Mandaruh. This area will attract a different set of people as compared to Balga's and I was told that this area is slowly coming back after a few years of decline in prices. Could you please shed some lights on this, as well as other areas that you think are worth investing?
Many thanks in advance!