Thanks Marisa for your message. Also thanks to Luke who wrote before. As IP, the more I think about it, a block doesn’t make much sense as it gives no returns in the meantime.

So I think I will keep looking! I like the idea of the Coastal strip. Quinns Rock? Rockingham (or has that already increased too much?). What about Yanchep?

Hi all

Am relatively new to this property investment thing (in fact, just joined the forum for the first time last night – WOW! great place to learn and participate).

I’ve got a place in Mindarie too (out of luck really), which has done quite well. Other than the Wharf Development which was mentioned – they are selling split level blocks with ocean views there for around the $500,000 mark. I am wondering whether it is a good idea to buy it. Weighing the fact that land will bring no cashflow whatsoever.. and against the thought that maybe it will be good capital gains and I may want to build on the land later?

Any thoughts would be great. Thanks!!