Hi all – My name's Brenton.. I'm new to this forum.

I bought a duplex in Kewdale (Perth, about 8kms from the CBD) about 12 months ago for 282k. At the time it was back on the market after previous finance fell through at 275k so I offered a little more given it had been at that price before and there was another offer on it at the same time that I wanted to be sure I beat.

It quickly rose in value to about 320k and has been stagnant at that level for the last couple of months. Since then though the State govt has increased the level of support for FHO in that the stamp duty on houses is vastly reduced for houses up to 500k now, up from 250k previously.

My belief is that this will urge in the next 6-12 months another mini property boom as FHO jump on the remaining properties below 400k within 10kms of the city. Looking at the real estate.com.au site now, you can't really get a duplex in Kewdale for under 360k so it looks like we're up and running again after a few month hiatus.

I'm certainly glad that I made the decision to buy when did!

Brenton