Gazumping is very common in the UK – except for Scotland where they have a more sensible system. I remember being gazumped a week before we were to move into a house – had no option but to gazump them back and offer more.

The only way to have a contract stick before you get the contract physically back (under the Australian system) is to make…[Read more]

I’ve been going through a similar exercise re: East Perth, and for what its worth my thoughts are as follows:

1 – As a place to live as an owner occupier its great – especially as the free CAT now extends there-ish so CBD is a jump away. As an inner city lifestyle option it works well for owner occupiers. Personally I find it a bit legoland,…[Read more]

The first release canals at Coogee/Port Catherine will be on a similar scale as Mandurah, and my guess is that capital growth will be a lot higher as:

1 – They are building on rehabiliated land
2 – A lot nearer to the CBD
3 – The anchor for the development is a 200 berth Marina.

Still some way off the release but a better play would be to…[Read more]

I think key now for Obs Rise is what happens when the final plans for the 3 blocks on the coast are revealed – the council finally passed an 8 storey limit last week. This means another 3 x 6 x 8 – 10 approx = 160ish high spec units dumped on the market to a finite group of buyers.

Both of the families that own the White Sands and the Luna…[Read more]

Regarding getting out of Northbridge I’d agree with all that everyone has said but add five points:

1 – The $50m arts centre has now been approved on William St – this will kickstart a lot of the applications that are held up in Council. Will be a lot of niche/boutiquey commercial going on here.

2 – The development model has moved…[Read more]