All Topics / General Property / perth properties over priced

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  • seals139
    Participant
    @seals139
    Join Date: 2006
    Post Count: 16

    Dont normally post just read but bored at work, someone had to hold the fort while people go to the saftey meeting.

    Looking at property in Perth these days i reckon you are lucky to find a nice house for under 400k compared to what you would pay over in Adelaide.

    I am just waiting for interest rates to hit 9 % then you would find alot of cheap property around, you see it in the paper these days banks selling peoples house because they can’t make repayments.

    At the moment i would prefer rent and put that $2000 a month i could be paying off my home loan if i did buy towards say 4 four investment properties.

    Mat.

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733

    where and how would you buy these 4 IP’s?

    “Money is a currency, like electricity and it requires momentum to make it Effective”

    Online Positive Cashflow and Renovating Calculators

    seals139
    Participant
    @seals139
    Join Date: 2006
    Post Count: 16

    I own a property in Kalgoorlie at the moment.(rented out to Westrac – Caterpiller)

    About to start building one in Roxby Downs just waiting for accountant to sort out paper work before that goes a head.(Olympic Dam has a 5 year construction plain going a head, populaion of 4,000 will double)

    3rd been looking up at Karratha.(600k houses but your getting $600 per week return on them)

    4th not sure yet probably in a capital city seening other 3 are in mining towns, probably Adelaide because home town.

    Boddington will take off as well.(new processing plant being build down there as well)
    Mat.

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