Both good points, there did seem to be a lot of new housing construction going on during the boom and post boom a mass exodus from W.A.
But at current prices, it is cheaper to buy than rent, it is as though people are just not interested in property.
W.A is really in the doldrums, prices are ridiculously low IMO, however as Humid, lusk and others have said, there was a lot of stock built during the boom.Talk on most property forums is negative. Most saying it is harder to squeeze money out on renos or development. Some talk of looking at WA for cash flow + buys.
Yeah I feel there will be better opportunities down the track.W.A is really in the doldrums, prices are ridiculously low IMO, however as Humid, lusk and others have said, there was a lot of stock built during the boom.
Property is a long game, but as with shares, you also need to know when to get out.Yeah I feel there will be better opportunities down the track.
Some property investors really know their stuff and have a lot more confidence then me.
Yeah I agree.Property is a long game, but as with shares, you also need to know when to get out.
There is opportunity in Perth, but it will be hard to attract tenants, as there is a smorgasbord for them to chose from.
Also the population growth in Perth, isn't what it is over East, so long distance ownership will be a long and tortuous path to riches. IMO
They got a piece of me. I have a comparative small amount invested waiting on the float. Use RMA on managing one of my properties and the front line office (tenant managers) have been great. I liked the concept and in better times may have worked quite well. But in this market as you say, difficult to achieve anything.This is another example of collateral damage in a falling housing market.
https://thewest.com.au/business/homeless-fears-for-sterling-first-investors-ng-b881225119z
Having said that, what were these people thinking, sinking their life savings into a scam like that.
This is another example of collateral damage in a falling housing market.
https://thewest.com.au/business/homeless-fears-for-sterling-first-investors-ng-b881225119z
Having said that, what were these people thinking, sinking their life savings into a scam like that.
Investing in them, is different to putting your future living arrangements in their hands, with no security of tenure.They got a piece of me. I have a comparative small amount invested waiting on the float. Use RMA on managing one of my properties and the front line office (tenant managers) have been great. I liked the concept and in better times may have worked quite well. But in this market as you say, difficult to achieve anything.
This is fantastic news for the community and society as a whole.
However % mean nothing, how about the average loss in $$$ terms over a period, say 3 years. Making it more real and less sensationalized.
Never listen to agents. They will lowball for quick turnover and minimal work.Really common around my area for those that brought land and built are selling out $100K less than what they paid.
BTW I am selling and got a lot of estimates from agents $300K less than I wanted.
Accepted an offer yesterday for around $250k more than the agents were telling me, my place was a bit different which they didn't want to accept.
So are you fully down South now Ifocus?Really common around my area for those that brought land and built are selling out $100K less than what they paid.
BTW I am selling and got a lot of estimates from agents $300K less than I wanted.
Accepted an offer yesterday for around $250k more than the agents were telling me, my place was a bit different which they didn't want to accept.
So are you fully down South now Ifocus?
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