House prices to keep rising for years
- Thread starter moses
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Yeah...
One of them will probably own a fair bit of the North Quay Island. You were saying?They have also over the last 30 years or so, acquired a tonne of property actually in Freo. I don't think you would get very far being in the urban planning world without knowing where the best property is and will be.
The place I am living in now, is just shy of being sub dividable. Probably will be able to be eventually. Worth between 330-400. But it is Melville council... so the anal retentive comment and your comment go some way to explaining that.
The landbanking issue is one I've spoken to Tech about in PM's. Far from being exclusionary for me, it may be a bonus. The reality is I will likely pool with the brother to get anything done.
I have enough for a deposit, for anything I deem suitable. But being self employed, working a lot of cash in hand and doing the records to minimise tax completely is not exactly conducive to getting finance... That's probably 12-24 months away for me.
Another problem property investors here now have is the Libs. No money for infrastructure. No value adding to the community. Almost the exact same circumstances we had the last time they were in power and we had emigration problems.
Just for the record I hope you and bro pull it off and that I mean sincerely.
I thought Labor was WA INC - and Libs fixed economy and handed over sound base to lucky Labor - but I must be in a wrong dimension! Sliders here we come I may end up in the same world as you - shows you how wrong I am!
chops_a_must
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Nah, Melville council.
It's in the derroville part of Kardinya. 200m down the road to Cooby and every second house is a meth lab, lol.
Was quoted at 400 start of last year.
Had 3 sales from 10 neighbours in the last few months, all with slightly better houses, but basically same size block... all about 5square metres from being sub dividable, for between 330 and 350 if I've heard correctly.
Silly really. It would be able to have all sorts of things done to it if it was in the Cockburn jurisdiction.
chops_a_must
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Cheers.
The Libs like to tear the crap out of public transport etc.
But Dick Court is perhaps the most underrated person in Australia in terms of the boom we've had. He did more than anyone.
But... the capacity he built in the north was not added to in Perth IMO. Regressive social policy, entertainment precinct issues, that still remain.
Just the Libs have a long history of tearing up value adding infrastructure projects. Took out the Freo train line at one stage. And the Ellenbrook line looks completely shot... as does the stadium, Northbride link, old power station project etc etc etc.
Labor have probably done much more for property investors than they are given credit for IMO. It's just a pity they had the carpenter that never built anything, and realised they needed to really do more in the city, but too late.
OK - smart move nonetheless - still reckon its cheapish and with the requirement about 1000 sq being relaxed again hope it woks for you. Kardinya has the advantage of becoming gentrified thanks to Sommerville Estate, some good suburbs like Winthrop/Murdoch/ etc will help and a good employment base nearby in Myaree etc.
Good choice but you must admit at this stage there is a reluctance on the part of many to live there but your decision will put you ahead of the pack in the long term and thats when you do well.
Good choice but you must admit at this stage there is a reluctance on the part of many to live there but your decision will put you ahead of the pack in the long term and thats when you do well.
chops_a_must
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All of the suburbs around here have large proportions of uni students from Murdoch.
I'd say that is the biggest appeal from an investor's perspective. You don't have much trouble finding housemates.
Great public transport. 3-4 minute drive into Freo.
I'd say that is the biggest appeal from an investor's perspective. You don't have much trouble finding housemates.
Great public transport. 3-4 minute drive into Freo.
chops_a_must
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Actually I was wrong.
One has gone for 400k. Much much nicer house than this rental. 4 and 2 as opposed to 2 and a 1/2 and 1.
One has gone for 400k. Much much nicer house than this rental. 4 and 2 as opposed to 2 and a 1/2 and 1.
I tend to focus on the North of Perth - of late been looking at Bayswater but where you suggest is a good option.
Students accommodation in Joondalup I missed out on completely - was cynical - thats how we learn I guess.
Don't think Barnett can do anything with the chalice he has been handed - seems reasonably honest. Point taken about the social issues.
Students accommodation in Joondalup I missed out on completely - was cynical - thats how we learn I guess.
Don't think Barnett can do anything with the chalice he has been handed - seems reasonably honest. Point taken about the social issues.
passive..lord elpus (not on this site yet) is intending to do the student accommodation thing this year....probably get 1200 pw 6 students in a 3 bdr...or he might go for a 4 bdr....you probably know this....
I think its a good idea if you have the tenancity to make it work....big demand in Melb for it...and in regional centres wherever there is a uni..
I suggested hostel like bedrooms....(they only sleep there) but emphasis on communal living with big roomy living areas, kitchen and separate study area...the kids seems to like it and its a bit cheaper than each having their own rooms.....
I was looking for accommodation for a family member earlier this year, he came to melb to work...only thing available was temp accomm....8 or 16 bed hostels...all emphasis on the lounge with games, tv and entertainment
Le has been getting good feedback form other people who run these sharestays..student accomm.... a big hands up for the asian students...apparently good work ethic and very pleasant
cheers
I think its a good idea if you have the tenancity to make it work....big demand in Melb for it...and in regional centres wherever there is a uni..
I suggested hostel like bedrooms....(they only sleep there) but emphasis on communal living with big roomy living areas, kitchen and separate study area...the kids seems to like it and its a bit cheaper than each having their own rooms.....
I was looking for accommodation for a family member earlier this year, he came to melb to work...only thing available was temp accomm....8 or 16 bed hostels...all emphasis on the lounge with games, tv and entertainment
Le has been getting good feedback form other people who run these sharestays..student accomm.... a big hands up for the asian students...apparently good work ethic and very pleasant
cheers
$200/wk for half a bedroom in a sharehouse?
You must think international students are braindead.
numbercruncher
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Naw youll get 3 per room at 300 a head wouldnt yah ? few in the garage ? erect 3x3 garden sheds out back theyll only cost a grand each for 600 pw rent (2 per shed), when the Elec bill comes in you can whack another zero on it a clean up - suck em dumb foreign students in hey ? Pesky buggers will probably mow the lawns with scissors for you as well ...
Im struggling to keep interest in these threads with the amount of garbage in them - can the bulls start using some facts and links for a change ?
apparently thats the market in Melb...the going rate.....but then your response borders on the ridiculous.....
the situation in Sydney is not nice...15 students in 2br house...and councils up there clamping down....
ever researched the subject ???
ever looked into backpackers accommodation ?...8.16 and 24 bed hostels...at an average 25-30 a day....thats 16 people in bunk beds in the one room....and apparently the backpackers just love it.....
the situation in Sydney is not nice...15 students in 2br house...and councils up there clamping down....
ever researched the subject ???
ever looked into backpackers accommodation ?...8.16 and 24 bed hostels...at an average 25-30 a day....thats 16 people in bunk beds in the one room....and apparently the backpackers just love it.....
Numbercruncher
Love your work. Obviously you are well informed, eloquent and obviously as every building has one = your it. Absolute infinite source of wisdom - wonder if I can pick your brain mate where would you invest and how would you go about maximising providing student accommodation and what rates would you be charging? Maybe mum or dad can help you if you are lost for answers.
Whats Kincella know - the guy lives in some crappy suburb in Melb, not well informed, thinks because he has a lot of real estate he has learnt something - hell what would he know.
Oh by the way my son is a student and he pays $175 for a room in Perth - have you any contacts that can get that down for me? Good to have such know alls around - just great.
Love your work. Obviously you are well informed, eloquent and obviously as every building has one = your it. Absolute infinite source of wisdom - wonder if I can pick your brain mate where would you invest and how would you go about maximising providing student accommodation and what rates would you be charging? Maybe mum or dad can help you if you are lost for answers.
Whats Kincella know - the guy lives in some crappy suburb in Melb, not well informed, thinks because he has a lot of real estate he has learnt something - hell what would he know.
Oh by the way my son is a student and he pays $175 for a room in Perth - have you any contacts that can get that down for me? Good to have such know alls around - just great.
numbercruncher
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You guys are just full of it spruikers.
Why on earth would these guys collectively pay 3x the going rent when they can combine resources and just rent a place like normal people.
Give me links otherwise you talking dribble ... again ....
Why on earth would these guys collectively pay 3x the going rent when they can combine resources and just rent a place like normal people.
Give me links otherwise you talking dribble ... again ....
prawn_86
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Im not familar with the Perth market, but here is adel we rent a 2br apartment for just over $200 pw in the nicest suburb, and within walking distance to the unis.
Why doesnt your son get a mate with $150 pw each and get a $300 pw place?? Save them both $25 pw and have more room and less people probably....
numbercruncher....how about you do your own research, I am not going back over mine....simple really , google it, or look for web sites that cater for the students...
now who do you remind me of ?....there is another one who always needs proof...but never does the research himself....
I really only keep sites in my favourites, that I will refer to on a regular basis, now if I were in your shoes and doubted, I would check it out for myself, but thats me....like to get my facts straight
now who do you remind me of ?....there is another one who always needs proof...but never does the research himself....
I really only keep sites in my favourites, that I will refer to on a regular basis, now if I were in your shoes and doubted, I would check it out for myself, but thats me....like to get my facts straight
theasxgorilla
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As a moderator I'll chime in here and remind everyone to avoid making purposely antagonistic posts. Use your sarcasm sparingly too, taken to an extreme I classify it as trolling.
Nothing specific yet, just a spidey-sense thing stemming from the rich history we've had in these threads.
Nothing specific yet, just a spidey-sense thing stemming from the rich history we've had in these threads.
numbercruncher
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Prawn...thats a good idea and I am sure many students do the same....however just maybe Melb has a rental shortage problem, and a bigger student demand...due to several uni's and tafes over here...and the students have more competition for the lower priced units....
when I checked last week....the share house market....there was not very much available and most wanted age 25 plus....there are specific sites that cater for students....and not much to choose from....
there are developers who cater specifically for that market....think they are closer to the cbd...
I know a lot of country students who come to Melb over the years...the parents have purchased a unit for their use...then sell on completion... and that has been popular for over 20 years....
due to the population Syd would have similar problems....maybe Adelaide does not have the accommodation problems the larger cities have ?????
when I checked last week....the share house market....there was not very much available and most wanted age 25 plus....there are specific sites that cater for students....and not much to choose from....
there are developers who cater specifically for that market....think they are closer to the cbd...
I know a lot of country students who come to Melb over the years...the parents have purchased a unit for their use...then sell on completion... and that has been popular for over 20 years....
due to the population Syd would have similar problems....maybe Adelaide does not have the accommodation problems the larger cities have ?????
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