I think Ausprop purchased in Floreat some time ago now, nice large block which could be subdivided down the track would be a real winner, be interested in his views
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Upgrading PPOR in top end blue chip suburbs?
- Thread starter mrdobalina
- Start date
I think Ausprop purchased in Floreat some time ago now, nice large block which could be subdivided down the track would be a real winner, be interested in his views
I've noticed Nedlands moving pretty quickly for properties priced right. Dalkeith and Peppy Grove a lot slower, with some potential good deals around! I'm just doubtful of how much future growth in these suburbs, considering the high entry point.
According to REIWA, Dalkeith and Peppermint Grove have ~8% growth rates for past 10 years, why do you think it'd be different going forward? They've always been the highest entry point.
I wouldn't put too much stock in Reiwa data, not exactly the most independant or objective of organisations where Perth real estate is concerned. Regardless Dalkieth and Peppy Grove is really an exclusive market within a market .
I wonder whether Floreat might be the suburb to get a haircut in terms or zoning laws, a lot of very large blocks with seriously old knockdowns only on them. Even the houses situated on the main arterial routes through that suburb are set well back from the road and surely the local councils would be itching to see them broken up and be paying the extra rates that go with a bit of higher density.
Nedlands is a nice suburb on the southern side of Stirling Highway although the Northern end closer to the railway line isn't as popular and this is where most of the cheaper properties within the area are located. It's a well located suburb which offers a lovely lifestyle close to the city without the terrible congestion which afflicts the likes of Cottesloe and Mosman Park.
Jolimont, Shenton Park both very nice but difficult to get into. Plenty of execs with families willing to rent or buy here because of the High School and proximity to the city as well as all the sporting facilities close by.
Claremont, Cottesloe, Mosman Park, overpriced and overrated in my opinion.
Subiaco, too many apartments( a glut ) has turned this into legoland, terrible traffic congestion, commercial properties struggling to find tenants, most of the older houses have already been chopped in terms of land area.
Apart from proximity to the city, not sure what the attraction will be especially when they lose the football stadium as well.
At best is always fully valued and is a massively overrated place.
Blue chip suburbs are expensive (and therefore very popular) for very good reasons, and this will ensure growth in the future. Assuming relatively stable economic conditions.
So you have to weigh up whether those reasons are enough to justify the expense to live there.
I agree that the western suburbs are a bit overrated, it's all a bit homogenous for me, but it depends on what you're looking for. Inner north is where it's at for me
So you have to weigh up whether those reasons are enough to justify the expense to live there.
I agree that the western suburbs are a bit overrated, it's all a bit homogenous for me, but it depends on what you're looking for. Inner north is where it's at for me
Inner north is where it's at for me
I agree. Unfortunately the missus is pretty set on the schools in the western suburbs.
MrM
Have been looking at Floreat, wow, seems really cheap, many large blocks. I don't know the area/good pockets but here is one with a g/flat $1.3M is cheap for blue chip, is this just land value??
http://www.realestate.com.au/property-house-wa-floreat-117050867
Have been looking at Floreat, wow, seems really cheap, many large blocks. I don't know the area/good pockets but here is one with a g/flat $1.3M is cheap for blue chip, is this just land value??
http://www.realestate.com.au/property-house-wa-floreat-117050867
This would definitely be much better on cashflow.
Isn't land tax exempt for PPOR?
Also CG tax exemption can be a great bonus too.
Tax free equity gains on a good PPOR could be a good strategy, depending on your circumstances.
I'm not familiar with the area, but in general, when things look bad is the best time to buy for a decent price.
Don't buy when things are looking too good, or you'll overpay.
This is what im currently doing, landlord is getting a 3.4% gross yield, probably around the 2.5% mark once strata fees, maintenance, manegement fees etc taken into account.
I hear you! I've managed to buy 3 IPs in the time I've been looking for a PPOR.
Sigh!
You don't pay land tax on primary residence in Perth.
Buying opportunities in the high end market?
http://m.perthnow.com.au/realestate...116146741?nk=0ed3cc55573b9737137ae7035204bf35
There must be a sign of struggling sales when agent keeps calling me every week after I showed some interest at 1 viewing.
http://m.perthnow.com.au/realestate...116146741?nk=0ed3cc55573b9737137ae7035204bf35
There must be a sign of struggling sales when agent keeps calling me every week after I showed some interest at 1 viewing.
