Forum Replies Created
- Originally posted by yarwood:
Thanks for your thoughts Marissa and PK
I understand that Westminster/Balga has been reinventing itself but it’s not an area I know well.
I think a factory unit would certainly be less stressful than a residential property. I have found townhouses or units to be relatively stress free compared to a house and land where the land has a garden that need sto be maintained. I’d never want to rent out a place with a nice garden.
Regards
YarwoodI guess if you want to invest, you go for capital growth, rental yield and stability with at least a 10 year horizon. Westminster and Balga are two great areas to have capital growth over the long run. Prices have moved so much within one year that you can’t get anything less than $200k in Westminster. I’m developing villas on two plots of land in Westminster and prices have moved by Approx 20% for new villas and land prices have moved (at least for the land that I acquired last year) by 30%!
Personally, I will not touch commercial, retail etc properties. Only residential! Until you have suffiecient wealth, then look at other types. Otherwise keep to something simply.
Cheers!
PacmanOriginally posted by yarwood:Thanks for your thoughts Marissa and PK
I understand that Westminster/Balga has been reinventing itself but it’s not an area I know well.
I think a factory unit would certainly be less stressful than a residential property. I have found townhouses or units to be relatively stress free compared to a house and land where the land has a garden that need sto be maintained. I’d never want to rent out a place with a nice garden.
Regards
Yarwood
