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  • Profile photo of glendaglenda
    Member
    @glenda
    Join Date: 2003
    Post Count: 3

    Hi Michael,

    Very good at pressing the wrong buttons.
    We actually live in a town called Greenhead,which is between Jurien Bay and Leeman.Prices have recently have risen in all areas along the northern coastline as a coastal highway is about to be finished in 2004/05.This will link Lancelin through to Geraldton.At the moment in Greenhead houses as only on the market for maybe a week.Leeman has a lot of mining houses in it as it caters for and mineral sands co. called Illuka Resources which is based 40ks.east of Leeman.These are all on the market at the moment giving the miners the option to buy or rent at normal rent value This is not a popular event for some.I have been told a lot of these houses have already gone. I am a bit biased as we prefer Greenhead as it is a more attractive town.As far as investing in these towns I would say people have already decided they would be a good investment long term. Compared to down South prices are reasonable.Renting could be a problem as they are crayfishing towns which has a 7month season and you certainly don”t get the rents that ;you would get over East.Don’t know much a about Lancelin except it is onthe coastal strip and closer to Perth which would make it attractive.Geraldton has problems.Employment would be one of them.It is a lovely town and their local government is injecting money into it, which is badly needed.Crime can be a bit of a problem. Bunbury is a city south of Perth don”t no much about it except South is booming.
    Hope this has been a little bit of help.
    Glenda

    Profile photo of glendaglenda
    Member
    @glenda
    Join Date: 2003
    Post Count: 3

    Dave

    I found this site a great help at looking at the growth rate and med. price for suburbs in W.A.
    http://www.aussiehomes.com

    Glenda

    Profile photo of glendaglenda
    Member
    @glenda
    Join Date: 2003
    Post Count: 3

    quote:


    Hello all… I’ve just found this forum and it sounds jus what I need[:D]

    I’m presently surviving a mortgage on a property that has good equity value in a Perth hills suburb. We get by on my income (2 teenage children) and just tread water. ~50K gross.Now that my wife is working.. we are investigating the possibility for long term retirement goal investment through a Perth property company to negatively gear.
    The company that we are dealing with Westpoint Corporation is directing us towards investing in CBD apartment type properties in Perth.

    I have found and read the newsletter at propertyinvesting.com which focused on pro’s & con of neg gearing and found it to be well written and very useful.

    Are apartment rentals in Perth CBD a growth area??
    Does anyone have predictions for the longterm demand in this area?
    Are there advantages in this investment over suburban managed rental properties??
    Has any one here worked with this company before to negatively gear / invest in property??

    Any advice would be graetly appreciated.
    Thanks David


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