Originally posted by zen1:
I have a question that I can’t get an answer so far.
How is the affordability level in Perth? Is it historically at a very high level or still have a bit to go?
I quess China can go bust but can also pick up. I feel the prices have gone stupid but that could be because I am not used to it. But then again probably it has…[Read more]

Originally posted by kingbrown:
NSW average adult wage is FOUR DOLLARS more per week than WA.

Statistics. This doesn’t take into account population distribution or the cost of living in different areas in both states.

Originally posted by kingbrown:
But I can tell you – 100k salaries are very common now. By “recent grads” I mean a few years…[Read more]

Laughing because I am going to get a 0.7% cut to my interest rate on the PPOR. [biggrin]
Not that that has anything to do with investing or the impending rate rise, it’s just something that’s come about by talking to the bank. Perhaps others can do something similar.

I don’t think the rate rise will affect the demand at all in Perth. [glum2]

No price, it’s “make an offer”. The real estate agent told me that one of the vacant lots sold for $2000/sqm and that one was external to the cinema so I expect the one I am looking at to be less than that.

That’s interesting about the ATM. That was one of the first things I thought of to put in there. [smiling]

Thankyou Mat and World Changer.

The type of people traffic is mostly teenagers, but as all age groups go to the cinema, it could be anyone passing through. Generally though there is no reason for anyone to go in there unless it is to go to the cinema.

There are other shops, mostly food related. So there is a restaurant which has an entry outside…[Read more]

Well 3 years ago I thought house prices were well above what people could afford.
While I would really like to see a decline in demand for housing in Perth, I definitely don’t see it happening within the next year.

Originally posted by Mortgage Hunter:
I would hate to be the “Rich Guy” from Canberra who buys something the locals have left.

hi Simon,

I am curious about the above statement. Do you consider it a bad thing to be an out-of-town property investor? Is there any reason for this? I mean, is this just something that you are uncomfortable with or is…[Read more]

Originally posted by foundation:
Ewww, thanks for sharing, Quinny…[eh]
F.[cowboy2]

[blush2] Oooh that innuendo is something I wasn’t expecting in this forum. But I’ll stand by my point. [exhappy]

Originally posted by wealth4life:
2 – Men wants lots and lots – mine is bigger than yours bla bla – women are content with less, its not a race its a journey.

3 – Women are more aware of the number crunching while men rush in too quickly, ask your wife if she agrees

Sorry wealth4life but I disagree with the above 2 points.
I don’t think those…[Read more]

hi Harley2,

Depending on your location and how bad a condition the pool is in there are a couple of options for you.
My Dad is in the pool industry in Perth and so I can tell you these things come from first hand knowledge, not made up stuff.

Assuming you are talking about a fibre glass pool, not concrete.

1. If the pool isn’t in too bad a…[Read more]

Currently refinancing our PPOR in the hope that we get more equity with which to invest.

Also, still haven’t taken the plunge to buy investment property before.

hi zen1,

I was renting a 3×1 in Padbury for about a year and a half in 2003/2004 for $180/week. Nice suburb, close to Whitfords shops and train station.
I think Padbury has a lot of 3×1 houses on big blocks. There are quite a few houses which have been improved too.
We were considering buying there (to live) but Edgewater suited us more.

I don’t…[Read more]