yes - definitely some action in Bunbury and Margaret River.
Perth property listings - under 12,000.
- Thread starter Aaron Sice
- Start date
i think you'll find that was as good as it was going to get - still agood market though.
heading into october we're all going to get the jitters with the traditional dow/sp stock sell off.
heading into october we're all going to get the jitters with the traditional dow/sp stock sell off.
and... if (a big if) there is no big sell-off as anticipated.. hang on to our hat with the resource sector kicking off again alongside with energy sector!? I am aware though that the recent strength in the market is probably just a "pump and dump" by the big boys
commodities taking off, US on the come back, iron ore prices back up, talk of a house price boom in Aus... it's been a long time in the wilderness but things look on the up
Up again this week to 10,756 properties.
Sales down as well.
it's still a seriously imbalanced market in the sellers favour
10,800 now. I don't think we are going to see sub 10,000
I hadn't realised it but the huge glut of villas in Westminster/Nollamara has practically disappeared. The glut had been there for around 2-3 years and now there is very low numbers.
I hadn't realised it but the huge glut of villas in Westminster/Nollamara has practically disappeared. The glut had been there for around 2-3 years and now there is very low numbers.
have you seen the rental values? at 330k for a 3 bedder, the current spate of rent prices plus those super attractive 3yr fixed rates could mean a neutral property in 4-5 years.
case in point. well done!
Yup I have 3 of them in Westminster
It's awesome. My rents are $500, $460 and $450 per week . Personally couldn't be happier - I wonder what will happen again in 12mths in the suburbs. Currently the developers are picking up EVERY development block there is so I think in another 12mths there will be another glut.
Unless theyre doing multis how on earth are they making good profit? Every time ive looked in the area i havent been able to see more than 10-15% profit on deals
it's builders, sanj.
small time, do maybe 10-12 a year, the profit on the build is what they eat with for the next year.
no funding, all out of pocket. nice position to be in.
small time, do maybe 10-12 a year, the profit on the build is what they eat with for the next year.
no funding, all out of pocket. nice position to be in.
Well looks like Perth is moving very nicely....my house in Butler is will complete by Jan 2013. It looks like land for buidls is starting to dry up.
Had breakfast with a real estate agent and nearly choked on my coffee when he said my new build for 4x2x2 in Butler which I build for 345k fully complete is likely to rent for 450pw. This is $50 more than last year.
Looking to repeat with anothrer in Ellenbrook and have already been given a figure of $420pw for 3x2x2 on small block for a 323k build price.
Wow...I am amazed how quickly rentals are moving......
Had breakfast with a real estate agent and nearly choked on my coffee when he said my new build for 4x2x2 in Butler which I build for 345k fully complete is likely to rent for 450pw. This is $50 more than last year.
Looking to repeat with anothrer in Ellenbrook and have already been given a figure of $420pw for 3x2x2 on small block for a 323k build price.
Wow...I am amazed how quickly rentals are moving......
