The house was built in 1986 double brick on a concrete slab. The property is currently quite highly negatively geared, but I am not going to buy another place this year, 2005.

2005 for me will be a year for consolidation.

I bought the place in Golden Bay in November 2004 and prior to that purchased a place in Hobart in 2003 showed capital…[Read more]

The house is approx 400-500metres from the beach. The street ends at the water. It is currently rented at $150 but will be raised to $160 in Feb when the lease is renewed. I think this area is still undervalued and is equidistant from Mandurah and Rockingham providing options for prospective renters.

Hi Guys,
I have recently purchased a place in Golden Bay, 5 minutes to the beach for $217K. Has anyone else been looking at property down there? I think it is still undervalued for its location and the larger blocks of land available there. Mine place is 860sqm and the house is a 3bdr 2WC home. Any opinions or comments would be most appreciated!

Guys,

Whilst I do not have a crystal ball, I have the next best thing. Lots of research!

I looked at the Perth real estate market recently and eventually purchased in Golden Bay due to its location equidistant between Mandurah and Rockingham. I also felt the lack of deep sewerage, at the moment, meant block sizes were still large. Once the…[Read more]

Thanks Guys for all your input! Big Rob, I have looked at Geraldton but decided to go south of Perth as I have heard the beaches are fantastic down Mandurah way. Also Golden Bay is a lot closer to Perth and the pending train line and sewerage would all be beneficial for future capital gain. At least I’m hoping this creates an impact.

Cheers

Bruce

Thanks Mick,

I did look at Waikiki and Warnbro but like the idea of Golden Bay and Singleton for its fishing village style and possible capital gain. What sort of capital growth do you think the region will have over the next 12 months.

Cheers

Bruce