Forum Replies Created
It is all about timing, if the property was bought within last few years at a very high price then it is difficult to make a profit in a short term.
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I just spent a weekend in Sydney, a taxi driver told me that there were a lot of vacancies in city apartment buildings…
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Originally posted by C2:Sorry one-step, Perth is not my area of expertise. How did you arrive at your figure of 300K?
In perth the average price of houses is under $300k, so I guess if I want to buy a house, I need to have that amount …
[blink], I have $100 k savings, so I do need to borrow ….
Originally posted by C2:Hi one-step. Are you a new player in Perth or in Investing? If it is in investing then I would suggest 2-3 slightly cheaper properties to get you started without having all your eggs in the one basket.
C2
Hi, C2, [blink] yeah, I am a new player in investing …
do you know Perth property market ?
Originally posted by DD:do you want positive cashflow or just a property somewhere?
$300k gets you 2 x 3 bedroom units in a complex in Medina with great capital potential and less out of your pocket now and in the future.
Houses have no body corp fees so they are cheaper $$ for $$ and get better appreciation over time due to land component.
What are you looking to achieve from investing and how will the $300k rate for long term.
Answer these and you will be better at guiding yourself than getting a “go here ” or “go there” from us. After all, its your investment.
DD
Buyers Agent (Dip Financial Services(FP)
Don’t sweat the small stuff,and it’s all small stuff!!thanks DD, for your reply
are you a buyer’s agent? I was thinking about using the service of a buyer’s agent….I am looking for properties with strong capital growth potentials, so I can sell them when values go up in years
[blink][blink] I am not completely familar with all the areas in Perth, and I haven’t been able to find time to do the research, so I like to hear from experts ……
