Pevans
You must be talking about Newman?
Just missed that one as well!! It taught me a valuable lesson..
Hindsight as they say is Twenty20 vision!!!!!
Regards
Mikey

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Welcome to the site!!
Do a search through the forums on this topic there’s heaps of great info.
To get you started log onto http://www.realestate.com.au check out kalgoorlie and especially kambalda in the WA goldfields there’s heaps of cash flow positive properties there. I’ve got a few over there and they are working very very very well!!! And there…[Read more]

Kalgoorlie at present is starting to make a huge run. The expansions that are happening there are huge. There are several massive projects planned for the area in next few months one in particular with a company by the name of BHP (nickel west). I won’t mention any figures because I’m still coming to terms with what it will do to the market in…[Read more]

In my experience, when you find a market thats ready to invest in (house price well below replacement value with local expansions ready to hit in the next 6 – 12 months and job vacancy on the rise) then have a good look around. Markets that have been flat or going backwards for a number of years are perfect.
Find the average price, learn what…[Read more]

Wow..Wealth4life…
Fantastic. That’s something Donald Trump would do.
Bet the orginal Vendor is spewing!!
O’ well information and knowledge equals success on a huge scale………………. when both are actioned!!!

I love it……

Mikey P[strum]

I went to a property management seminar three weeks ago. A lady started her own real estate office in Perth and built a rent roll (portfolio of managements) of 579 in just over three years. After paying her staff and overheads she netted between $25,000 – $30,000 per month. She sold it a few years later for just a smidge under $2m!!
Another way of…[Read more]

Great love it!!!
L.A Aussie maybe he hasn’t got any rentals???
Maybe he makes ugly houses pretty and sells them time and time again and lives on the winnings??
Cheers
Mikey P

Hi
I will sound like a stuck record here but checkout Kalgoorlie and Kambalda on http://www.realestate.com.au these two places are showing great returns..well into cashflow+. The growth over the next few years over there is huge. Kambalda especially is focusing on building their community rather than allowing fly in fly out type workers that create a…[Read more]

The market in Bunbury seems to have slowed a little, however inter state and international buyers especially from the UK and South Africa are still keeping the show on the road. There are several exciting projects planned for this area. The Worsley expansion is scary because…so I’m told there will not be a work camp on site. That means…[Read more]

Yep
Crazy crazy times in the West…….
When it ends which it will, the fall out will be huge. But when will it end??? WA is one big mining town in the middle of the biggest resource boom in history. The Chinese economy is set to keep rolling, the migration from country to city of millions of chinese each month will keep the infastructure…[Read more]

The major developer in Manjimup is Harry Hoffman he owns Ardross Estates based in St Georges Tce. They have recently been the $$$$’s behind Jurien Bay and Millbridge at Eaton near Bunbury. They have developed the Annanuka Estate in Manjimup during the last 15 years . I’m sure if you call Ardross they will give you any info you need. Regards Mikey P

Thats all good but where is it??

What area did this all take place? Anything $2M or below for Ocean front multi unit site on main land Australia is an absolute steal!!!

Manjimup has certainly had a good run over the last 12 months. I go there on a regular basis for sport and business. The logging issue a few years ago knocked the place for 6 on the Real Estate front, but it has bounced back very nicely. I don’t know what is in store for the town but the place is positive and growing through natural population at…[Read more]

Ken
We have been investing in WA for a while now. Coastal real estate as you have quite rightly pointed out gives a pathetic rental return but the capital growth over the last year or two has been great. I have diversified in WA by investing in Port Hedland, Bunbury, Busselton, Albany , Kambalda and Geraldton. The capital growth has been…[Read more]

Just looked up “Moranbah” on realestate.com. $350K+ for a house I wouldn’t buy there either! $150k in a mining town is my limit!
Cheers
Mikey P

I’ve spoken before on Kambalda in the WA Goldfields. I have been buying and selling there for about 12 months now. I have just returned from my monthly trip from there. I bought another 3 this week. The market has tightened rapidly. A good place to check it out is http://www.realestate.com.au also on a search engine type in “Diggers and Dealers”. This…[Read more]

Try closer to 4% down south in Bunbury/Busselton!!!

Hi
Kambalda certainly is running hot!
The commodity prices of both Nickel and Gold are going great guns. Nickel on 31 March was $14,960US per tonne. Today $19,505US per Tonne! Gold $634US/oz. The expansions over there are happening!
I am currently buying 3 more units in Kambalda this week. Sold one there last week for a nice tidy profit of over…[Read more]