Has anyone out there done any research on property around Rockingham, Shoalwater, Safety Bay in WA?
I have seen some good properties in those areas under $150K but don’t know to much about the area.
Thanks,
Simon
yes there are a lot of members of this board that have been messing around down there – particularly in the Anchorage. You are looking at very storng growth areas, but if you can find anything at all in Perth for under $250k I would grab it.
http://www.megapropertygroup.comINVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT
Hi Simon G
Got some interesting stats in the mail today, profile/info on Rockingham
Median House price 2000 – $110,200
Median House price 2005 – $273,000This is % Growth rate of 148.0%
Good luck.
Regards, M
PS
do a search, there’s lots of info on various areas in Perth including Rockingham19.89% compounded p.a.
Pretty good stuff….although don’t tell the Eastern States chaps that.
Thanks for your input people. I will let you all know how my research and hunting goes in WA.
Simon.
Originally posted by Simon_G:Thanks for your input people. I will let you all know how my research and hunting goes in WA.
Simon.
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Dear Simon,1. If you are in Perth next week, I will be more than happy to show you around the Anchorage Estate in Rockingham where I have personally invested in 4 houses there myself.
2. My email address is at [email protected] and my Perth home TEL/FAX: 08-93411236.
3. Looking forward to meeting you in person soon, please.
4. Thank you.
regards,
Kenneth KOHThanks for the offer Kenneth, but I am in Sydney and wouldn’t be able to get there for about 4-5 weeks.
Are you able to give me some details of this estate?
Thanks,
Simon
Hi Simon,
I’m from Sydney also, I did a bit of research on this area earlier in the year. I took a trip there in May and ended up buying in Heathridge, 20km north of Perth, where I was going to be pretty much guaranteed rent. Still like the Rockingham, Safety Bay area, only real concern was the amount of development and new estates south of there.
Just a note, Perth Property Management fees are considerably higher than NSW, QLD, everything is added on top, ie. All Property Inspection , annual reports, etc. Rents are quite low also, although with the current upward trend in prices, I suspect that rents will follow in time.If you do head over there, take Kenneth up on his offer, I would have, there is nothing like a bit of local knowledge. If you plan to go and attend open houses and such, take someone else, you get heaps more done in a day, especially if you are trying to read a map and drive to the next house in short period of time. There are just as many open houses on Sunday as ther are on a Saturday, so you can get a lot done in a full weekend.
Dazzling, sorry buy some of us in the Eastern states are already on to you. The wife would love to move there, but I still need the job here (for now).
Mal
Getting out of your comfort zone, can help you become comfortable
Simon_G,
I have 3 properties in the Rockingham area, and until recently, lived there for the last 12 years (just moved to Adelaide) but I still maintain them due to the fantastic growth of the area (close to 18% over last 12months, in the 20’s for the couple of years prior to that). That’s based on bank valuations.
I would recommend you look elsewhere to the Anchorage Estate, I think the price is getting up there, for what you are getting in the area you could do better. The blocks tend to be pretty small compared to many in the same area. New houses are nice and new building activity in this area always draws the crowd and drives the price up, but the gains are similar for the older places around the coast.
Try looking around Shoalwater, there are a few older places that could be developed, and far better location. Great capital gains for the long term.As for me, the area called “Old Warnbro” has been a winner, big blocks, older houses (still low maint.), 5 min walk to a beautiful natural beach.
I also happen to be going there next week for a visit. Looking forward to the sunshine.If you read the papers and RE mags, anywhere between Rockingham and Mandurah has got great growth potential over the next couple of years, but I would stick closer to the infrastructure in Rockingham, and to the beach side of Wanrbo Sound Avenue / Read Street for best results.
Cheers,
Damo.
Originally posted by Simon_G:Thanks for the offer Kenneth, but I am in Sydney and wouldn’t be able to get there for about 4-5 weeks.
Are you able to give me some details of this estate?
Thanks,
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Dear Simon_G,You may want to visit this link for more details regarding developing in the Anchorage Estate:
http://www.somersoft.com/forums/showthread.php?t=20903&page=4Thank you.
Cheers,
Kenneth KOHSimon
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