Hi Mary,
East Perth 5.9% CG 5 years

Cheers, M

Thanks CaptDemi and Regrow

I am currently building in south west with Ventura Homes and to date they seem extremely professional and am being promised 12 mth completion. Will see!

I am now back looking at Perth market again and whether it is still worth it. If builders in Perth are taking 18 months – 2 years interest repayments while building…[Read more]

Hi Redwing

Champion Lakes – wow!!!

Hi there

It really depends on what your price range is, and what type of property, ie units, townhouses.

If you are looking at units, townhouses I would look at areas which have always performed well, ie over a 10 year period.

(no particular order)

1. East Victoria Park
2. East Perth
3. North Perth
4. South Perth
5. Como
6. Leederville/West…[Read more]

Hi Dazzling,
thanks for your comments, I was hoping you would reply.

We have been offered factory unit next door which will service our immediate needs and considering it will cost a fortune to move all equipment etc. it may be the way to go. This will solve immediate problems until we decide what next.

I have a question for you though, if you…[Read more]

Yes, great story on DD and Mandurah!!!!!!!!!!!!!!!!!!

Hi Zen,

unfortunately if we sold the block now – CG tax would equate to 50% of profit. Not a great return.

Instead, we have signed for L&H package $295,000 including interest to cover 12 month period while building. This will include, carpets, blinds etc. Basically ready for the rental market.

When completed it will be worth around $370,000,…[Read more]

Hi there, your comments only reinforce the fact that research is the key to making a good choice.

Once again, if formites are interested in Mandurah. I would be contacting Council, Local Gvts, analysis data/stats over 10 year period. Contact Valuers who know the area back to front.

I still see value in Mandurah and I have mentioned some of these…[Read more]

Hi Zen

This is one reason why decided to do a land and house package in Dalyellup Beach Estate (Bunbury).

They are screaming for rentals and rental returns are great in comparison to Perth. CG was 37% last 12 months and still moving north. Bunbury is experiencing biggest boom in 30 years.

Apparently the last land release Dalyellup on Saturday…[Read more]

Hi MA

I disagree with your comments.

I also believe it is lack of research that get’s new investors in trouble.

In my opinion Mandurah still represents good value compared to other coastal RE.

The focus in Mandurah is not just on the canals and beaches in and around Mandurah.

Mining is still a major contributor to the region. It is a $2.5…[Read more]

Hi Zen
Hope I did not offend.

I understand you have been looking for some time now. It may be worth contacting Hegney Valuation Group regarding this issue, I have found them very helpful.

I have mentioned them on forum in past, they seem to get it right, they have many professional people who research WA property, and have a book with…[Read more]

Hi Zen,
Your question – “Should I purchase in Padbury or Mandurah?” I dont know what your strategy is, or your budget.

I would personally buy:

Mandurah
1. Falcon – development potential (rezoning)
2. Madora Bay (old Madora Bay)- rezoning potential.
– Madora Bay endorsed as Regional Beach for Peel area.
3. Wannanup
4. Halls Head
5. Silver…[Read more]

Hello all, and thanks for your support and helpful comments. Had a good laugh…

Just to give you an update… unfortunately my tenant is still in my house, my property manager has given him 7 days notice and currently going through the appropriate legal process.

Today he paid 2 weeks rent and is currently 3 weeks in arrears. He is now asking if…[Read more]

HI westinvest,
I agree there are many great opportunities in south west.

Last land release in Dalyellup sold out within 3 hours.

Bunbury – CG 37% in last 12 months. Rental returns excellent compared to Perth.

It would be great to hear what other Perthites are doing and where they are investing.

Bunbury currently experiencing biggest property…[Read more]

Hi Solomon

The residential market did slow down with the last interest rate, however it was short lived.

There is ample evidence to show that the market is currently booming. My properties are averaging 10-16%. Will it continue… who knows? Experts are stating that it will due to the resource boom we are experiencing.

I would continue to…[Read more]

Dazzling, I think you have a valid point.

I understand your frustration. I also believe that the focus on this forum is the Sydney, Melbourne resi market.

Seems to be very little interest in what is happening in other States and how markets differ.

[bawl]

Hi Terry, do you now use Steve’s strategy, or will you be in the future?

IT would be great to hear from people who are actually using Steve’s strategy for some time.

Regards, M

Hi Bradles C

I would say ride the big wave and research the WA market. We are experiencing amazing Capital Growth, with no signs of stopping at this point in time.

My Perth properties are just growing and the climate over here is very different from East, from posts I have read.

The largest property valuer here in Perth who has got his finger…[Read more]

HI all, listening to Gavin Hegney on radio this morning – he stated that Perth market going through a second boom cycle, what do you all think?

He also believes the south-west region will experience more growth than Perth over next 12 months. I am also hoping this is the case as I am now building in south-west.

Hi Dazz, you have been spilling the beans about your great buy, now time not to be shy and tell us where in Perth Metro…. [biggrin]