Forum Replies Created
Dimichie, I agree with you. That was why I found everything a bit odd. High land price, high labor costs… when things settle, it obviously bring down the price…
So you think, WA will have 4-5 year growth?
Hi, Dmichie,
I agree with your comments. I want your comments on WA market. I can not belive it – why Busselton, Bunbury just going up when their house prices are unjutified high?
Same interests, same lower unemploement, same economic development … Compared with 2million people state, I do not think WA’s property is cheaper… I think the mad thing is because of investors (I – one of them) madness – try to replicate the process which happened 4-5 years ago? Why all others are going down, but Perth 9% up? Small increase I can understand.
What is your thought?
Apostle，
Perth will never reach the level like Sydney. You got to remember.
Ausporp,
Obvously we have some in commonl. In certain surburbs you will not lose money (below meidan as you claimed). This emphasised even in the crash share market, there are still a lot of shares going up.
I purely act for remind those investors to be very careful when they buy in such market – do not get forced to sell in the future.
Again, Westinvest,
I wish WA are well because I got vested interests in it. But the reality is different. Also because of this bad cycle (high land cost, high labor cost) will generate a huge bubble in the real estate market – eventually it will burst – I believe 2006 (Not saying median price not going up).
AUSPROP,
Do you want me to give some examples?
Waynel2,
Thank you for your comments. HAHA. I live in these area – I got investment in Craigie, Beldon and Healthridge. I did not mention these undervalued surburbs – I mentioned those (many, most) overvalued surburbs. I am happy you mentioned these surburbs (I got 3 in these surburbs…). NOT many undervalued surburbs ….
It is my view (I am in Perth) – WA market has peaked. A lot of areas have been significantlly overpriced – Busslton, Bunbury, Mandurah, Rockhinham and some surburbs in metro. A lot of listings on the market for more than 7 months … Wake up
I built a house before. Actualy the builder let me choose timber frame or steel? I went to Steel one.
Dimichie,
I found you are very funny person. It seems you are the PM. It seems only you are worrying the sky will clapse. From your “sound” economic knowledge, it makes me feel your knowledge may be extremely polarsied. You probably did a double degree in your Uni. You do not understand that the Building industry is one mayor part of economy … it brings in the demand of every industry.
Thanks Mortage Adviser. I value your points. The case I said here was real – my friend owns few properties and sold his own (PPOR), and intended to move into another one. I do understand CGT implications. Apart from the company perspective, do you mean you can not treat it as an investment property anymore apart from the time you bought to the time you move in?
This is a simple way to attract aention. If he says everyong will win $2m lotto, will you buy his books? That is why newpaper always chase the bad news etc.. Simple as that. I only read his “Rich dad and Poor Dad” – as an ispriation book, it is ok. I saw some other books in the book store — pretty boring and a way of presenting simple knowledge by “his so called best author” …. why does he do these … as normal like other weath creators to make money in an easy way …. It is better to run a 3 day seminar for $300 000 than to find a property to invest into it (more risks … )
Good post! This would put some cold water on these people who have put their regular “positive” views … Steve is not silly … that is why he has made money. I wish those reading Steve’s books and wanted to jump in take a very careful step. Real Estate market is NOT double every 7 years. Buying at right time is fundamental!
Can you actually live in one of your OWN investment properties and treat it as investment property rather than PPOR? If it works, you will not have the problem with landlords. You get all the expenses deducted from the rent you pay to it?
colbert1982 ,
Agree with you. So many people who have vested interested on this site and try to influence people. I saw survey from another site saying 60% people thought seminars are scams. The web now becomes another kind of propaganda
I guess it means IFHL is just a genius’s dream.
Thanks. I did ask the broker who gave 4 banks (Suncorp, Satewest, BankWest, CBA). The info I gethered shows Wizard is the best among them. Any ideas appreciated.
remove your website address and mobile no NOW if you are the person honour your words
Hi, Everyone,
I am a beginner in the market.
I read the article and quoted the following “
The median sale price of a house in Sydney during the March quarter was $511,000, an increase of 1.2 per cent on the previous quarter….” Sorry I am in Perth. Can anyone give me some idea for what kind of house could be median in Sydney such as — how far to the CBD? How far the the beach? How old is the building? Is a 3×1 or 4×2? without these information, I have no idea what it is talking about?The median sale price of a unit in Sydney rose 2.7 per cent to $380,000.
