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In answer to Kenkoh’s questions….
Am checking out Jan’s forum now, thanks for the tip.Our goals are aiming towards +CF properties within around 400kms drive from where we live. We are trying for IPs that are close to the beach, and another important factor to us is longevity of the town (though they often seem to go hand in hand). So we are not aiming for a certain area in Perth neccessarily, but it does encompass Perth. For the early stages, we would like to have a 20% deposit, to allow for error, though this may change depending how confident we feel!
And as for this”…. hopefully I can stay optimistic in the face of the giant prices!”, when I was in uni a few years back, I wanted to invest in property, but couldn’t scrape together a deposit. However, I did heaps of research, and familiarised myself with the prices, only to become very frustrated at the way they have gone since! I remeber I had my eye on a canal-side block in Mandurah, it was a whopping price of $320K…lol… imagine!!
Anyway, I hope my answers were somewhat enlightening!Sam
If we believe the best predictor of the future is the past, we are doomed to go around in circles
Thanks all! Your thoughts are all very interesting…. hopefully I can stay optimistic in the face of the giant prices!
I read the books, after getting a lucky deal I thought I should find out how to invest ‘properly’![biggrin]
Why not??
Hi Ashb23,
I’m also looking in the same areas as you, and had the same thoughts as you. I found a pdf document called ‘Regional Housing Analysis- Kalgoorlie-Boulder’ on the net that started to answer some of my questions, also kalbould.wa.gov.au is the local government site. I still haven’t decided whether or not to go ahead, as I am having some trouble organising time to get out there and have a proper look around! Hope this helps…
