Hi Sandyman
I also have 1 regional property in WA, which is positive and negatives in Perth.
I agree with suzieq – spread the risk.

Another point, who will manage your property, is there a PM available? If not, this could be a problem.

For those interested in Mandurah.

There was an interesting article in Sunday’s paper regarding Madora Bay.

As part of ongoing Coastal Planning for Mandurah, Madora Bay has been earmarked as a Regional Beach for the area. This plan has actually been endorsed and potentially means values in this area should soar.

Proposal includes 500 parking bay, Surf Club, commerical complexes. Description given by Hegney was that it would be similar to South Cottesloe foreshore.
If you want more info you should contact Mandurah Council.

Hi Derek, time will tell..

For anyone interested… Nullaki Peninsular actually now selling at $400,000 to $700,000, I believe demand mainly from overseas investors.
Unfortunately out of my reach.

Collo,
As far as Bridgetown goes – vacant land is dirt cheap. Has 2 art galleries, 3 wineries, and lots of cafes and restaurants. Pop of around 4,700 and is actually growing.
It may not have the ocean, but has the rolling hills. It would not be my pick, but it is cheap compared to others mentioned.

Happy hunting.

Hi PK, quite bizarre… why would anyone want to pay rent when not actually living in property??

beats me…

Have you spoken to them about a specific date that they will move into the property.

I would only be concerned if they keep dragging it out, are theya trying to get out of it.

Pin them down to a date, meet them at the house, tell them you would like to do a handover.

Good luck

If you want to be one step ahead…. try Nullaki Peninsular, 28 km from Denmark, is a development to watch in the future. Waterfront blocks up to 100 acres are on the market from $350,000.

Others you may be interested in looking at:

Dunsborough – Cape Risk, only 1000 metres from beach, land starting around $180,000+

Broome – as it is a Peninsular, land is limited, if you can afford it – (unfortunately I can not!!!!!) buy now, as they say …..”Land they’re not making any more of it”

Eaton/Australind – around $280,000 for 4 x 2. Still very cheap.

Albany – Water views the only way to go – Middleton Beach, Goode Beach.

Hi Sharon

As Derek said many factors to consider when buying in this market.

We own an industrial property and from experience unless you understand the demand and the real value of what you are buying it is extremely easy to make mistakes.

Do your homework, contact people who sell commerical/industrial. If you decide to place an offer, I would get professional advice, someone to view the lease and value the property. I would also request details on vacancies, sales of other commerical/industrial properties. How many businesses in the area etc.

Size (sqm)of building is important, no point buying a 90sq commerical property when there is a demand for 200sq. What happens when you lose your tenant and no takers due to size??

I hope I have not put you off as I believe buying industrial/commerical can be a fantastic investment.

Good luck

Hi there,
Surprisingly, and according to a recent government study (Canberra), this is the profile of typical person/s seeking seachange.

Age – 35-45
High income earners
1, 2 children

Reason for seachange –
Downgrading, selling assets to reduce working hours to spend more time with family.

Also stated they do miss the money (no kidding), but prefer lifestyle.

They predict county/bush next………

As far as WA goes, I would guess probably York, Toodjay/Avon, Bridgetown. What do you guys think?

Be interesting to receive comments on this.