Hi Again,
As I say I am new to this investing game, and I dont think I have missed the boat in terms of the boom. My PPOR was in Success up until 2 months ago. We were in the place for 11 months and we sold at just the right time. We made $150k with which we have put into a new townhouse we bought in Innaloo. its obviously more expensive, but closer to Perth (work), closer to the beach (yay) and generally just a better place to live. I am now looking to invest in a similarly located area in Perth. I think the outer suburbs have had their day. I personally wouldnt pay $400k – $500k to live that far out of Perth. I do think those prices there are just going to stay put for a number of years.
Anyways definately worth some more time and research.
Thanks all
Batesy