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  • Profile photo of Karley12Karley12
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    @karley12
    Join Date: 2012
    Post Count: 4

    F: You have my apology if I've misjudged you. New members jumping on the bandwagon and making supporting comments in favor of those with little or no credibility and who make silly and superfluous comments throws up the odd red light or two.

    I'm still not convinced but I'll give you have the benefit of doubt for the time being.

    Lucky me ;) I am thick skinned and believe it or not, reasonably well-researched so I am not offended by you in fact; I understand your frustration at other posters. I have been watching this forum for a couple of years now and decided to jump in and state that I agreed with the 'sentiment' of a post, not its entirety.

    F: Again a simplistic view.

    Coastal requirements – you just described 90% of Australian towns

    Haha, ouch! By 'coastal requirements' – I'm sure you are aware that Mandurah is very different to Sorrento, for example. More accessible to a greater number of homes by foot/bicycle, less traffic and tourists etc. In the last twelve months I have known about 8 retiring couples or singles move there and naturally being interested in property I have grilled them on their reasons for moving. The slower pace on the coast came out as a big desirable, and also to top up their retirement funds by usually 250-350K after selling up and downsizing.

    Look forward to reading your future posts Freckle, genuinely. Have a great day :)

    Profile photo of Karley12Karley12
    Participant
    @karley12
    Join Date: 2012
    Post Count: 4

    Thank you, simple!

    Profile photo of Karley12Karley12
    Participant
    @karley12
    Join Date: 2012
    Post Count: 4

    F: And who else are you masquerading here as? Playing tag with biggaz13 are we??

    Not masquerading as anyone, Freckle! You are a harsh audience aren't you? ;)

    F: Don't get around much do you. Mid 2012 the vacancy rate in Mandurah were tight. Today the selection is at least 3 times bigger. We have friends that also rent down here and who recently changed properties (2 months ago). Acquired a place within 2 weeks compared to 3 months initially.

    An assumption, I take it? I have a number of friends who made the mistake of investing in Mandurah years ago, when the train line extension was but a rumour. They lost, got out, and made a lot more in the Perth market. Those who stayed, lost further. Lessons learnt however so its not the end of the world. I was initially looking in all areas in WA for my next investment but pretty quickly ruled out Mandurah – however I believe itwill ride it out due to the baby boomers retirement/downsizing/coastal living requirements.

    F: A simplistic or amateurs view of a market.

    No offence taken. Try a happy pill! :)

    Profile photo of Karley12Karley12
    Participant
    @karley12
    Join Date: 2012
    Post Count: 4

    Hi all

    biggaz13 – I agree with the sentiment of your post. The Mandurah and Perth markets couldn't be more different – I have met very few people who want to live in Mandurah (for a variety of reasons) and this obviously equates to poor growth and in Mandurah's case, a decline from when everyone rushed in.

    I live 12km from the Perth CBD and most homes are sold before being advertised on the market – all at under 400K and renting for at least $350/week. This area is just starting to grow, and a very different picture to Mandurah!

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