Ausprop
Do you still follow the Mandurah market?
If so how do you see it at present?
The rents have held though and l still get regular 6 month increases. Yields still crap.
I have noticed a lot of props selling the past 6 months but prices haven't moved at all.
My friend purchased an apartment last month 965k the previous owner paid 1.5 mil . ( that's pain )
My last ip purchase is still prolly 20 k under what l paid for it. (2007 -that's stupidity)
Seems to be a lot of building still going on but more so on the outskirts of town.
It's a difficult market to gage for me at the moment so would appreciate any input from anyone.
Cheers
Yadreamin
I think its not that great, pretty flat, still an over supply. Rents have now bottomed out.
Not sure when this market will move, but while there is too much stock it will continue to do nothing iMO.