Forum Replies Created
Hi Brandira,
I also am in perth and looking to purchase my first property and was just curious as to which area the house is in?
Please let me know.
Regards,
Brandira wrote:I own (or should I say the bank) owns my house in Perth, WA. The home (PPOR – 50/50 joint tenant with my wife) is probably only worth $350-380k but my loan in around $430k (negative equity due to downturn). I need to progress forward somehow but can't seem to see the forest for the trees (so to speak). What are my best options?
Hi all,
I was very interested to see what the Budget had in store regarding FHOG etc
http://www.news.com.au/story/0,27574,25471426-5012587,00.html
There was such a rush from brokers and real estate agents and new home builders to " get in" before June 30..
what impact would this have on Housing prices? I imagine they would stay the same as they are now, with no real effects? The effects would take place now, after December.
Keen to hear any thoughts on this subject.
Regards,
Hi smy_lee,
Is the house in Lynwood yours? Is it on the market now? I think Ellenbrook is a good area..if you are bringing up a family..but I find it far from many things. It just depends on your lifestyle..or if you are buying it for an investment…
Many first homebuyers are able to get into that market because prices are around the mid 300's.
I am also looking to purchase my first property in perth.
Keen to hear back from you.
Regards,
Thanks for replying howardcm..
Congratulations on the purchase of your first home! I bet you must be excited!
It sounds like we are almost on the same page..as I was thinking about the same thing…I was just telling a colleague today that I might focus on areas close to uni..as im sure there will always be high demand for rental there..as opposed to other areas..
Your Mosman Park place sounds nice..i'll keep searching on realestate.com.au and reiwa.com..
Living near friends/family..close to the city..and other ammenities is what im looking for. Friends used to tell me that I am wanting too much in my first home..but there are the "essential" things or wants that im looking for..Who doesnt want their place to appreciate right?
If theres any nice ones you see around, i'd be very keen to hear about them…
Keep in touch..and thanks again for your comments..
Regards,
C
howardcm wrote:I have just brought my first home. Moved in about 6 weeks ago.I had trouble at first as well with where I wanted to buy and found myself checking 50 suburbs every day. I started around Vic Park and Rivervale, looking for a Villa. I had always dreamt of living near the beach so then moved further South towards Secret Harbour looking at 3×2 houses. I had planned on having a friend or 2 moving in with me so had to consider if they would move so far South and decided against it.
As this property will become an investment down the track, I started looking at where I would want to live if I went to Uni. I ended up finding a really nice 2 bed townhouse in Mosman Park for $340k, 500m to the beach, 2 mins to the train and a short distance to UWA. The place has plenty of potential as it needs a bit of improvement but perfectally liveable as it is.
You sound young so think about if you really need that bigger house or if you would prefer to live near friends/family, the city and in a better location as I went for. Very happy with my decision
LOCATION LOCATION LOCATION!
That is the key..i did however go looking for blocks within 10km of the city..but some were quite dodgy..in dodgy areas..From there i focussed my attention on those suburbs 22kms+ out of the city..like the new developments in jarrahdale..like new haven..etc etc..all very nice..well planned..but..just so far out from everywhere else..
i then checked the suburbs along the freeway..like success etc..and didnt feel right..it was just rows and rows of houses..and parks..thats it…a nice place..if you are starting a family..
so now..im back to step one..which is look somewhere within 10km of the city..
thanks so much for ur valuable insight..will keep you updated!!
good post!
i am a first home buyer..also debating whether to enter the market pre june 30..or wait and see..
friends are saying that continuing the FHOG will be a disaster for the economy…as it will create this "bubble"…
ive also heard that..if the FHOG is discontinued..it will bring property prices down at least 5%..
any thoughts or advice..
hi everyone..
still in the process..of looking at where to purchase my first home..
now im looking @ the newer developments out of the city..but along the freeway..as they are all new..nicely planned..have good ammenties like train..and freeway access..
any thoughts on these new developments like aubin grove..success..beelair parklands..etc?
i am keen to know whether i could rent the house out..in about 2 years or so..
please let me know your thoughts.
Chris
quote=kn_19_ht]Thankyou for ur advice merimbula..I will check that information and do more homework..in the area iam looking in..
It sounds like a daunting yet interesting task for me..to really get the most of it..and be happy with the decesion i make.
I'll let u know how i go..
Chris
merimbula wrote:Before you go ahead and buy the older block,check with the council in the area about subdivision costs,also when the older house is demolished all the old existing underground pipes such as plumbing,stormwater drains, gas if any, and sewer pipes are all ripped up,also take into account the cost of the demolition, the cost of just prepairing the land for construction can be double,that of a similar land that is already subdivided and ready to build on, such as new land realease areas.
The cost of subdividing and established land here in Victoria can be as high as $6000 as a town planner is neede to do the plans and applications, If you are just looking for a house to live in, there might be better houses and deals in the outer suburbs.
But if you are looking to invest,do your home work and research and also ask other investers who have experience in this area,Regards
merimbula[/quote]
Thankyou for ur advice merimbula..I will check that information and do more homework..in the area iam looking in..
It sounds like a daunting yet interesting task for me..to really get the most of it..and be happy with the decesion i make.
I'll let u know how i go..
Chris
merimbula wrote:Before you go ahead and buy the older block,check with the council in the area about subdivision costs,also when the older house is demolished all the old existing underground pipes such as plumbing,stormwater drains, gas if any, and sewer pipes are all ripped up,also take into account the cost of the demolition, the cost of just prepairing the land for construction can be double,that of a similar land that is already subdivided and ready to build on, such as new land realease areas.
The cost of subdividing and established land here in Victoria can be as high as $6000 as a town planner is neede to do the plans and applications, If you are just looking for a house to live in, there might be better houses and deals in the outer suburbs.
But if you are looking to invest,do your home work and research and also ask other investers who have experience in this area,Regards
merimbula
