It is all about timing, if the property was bought within last few years at a very high price then it is difficult to make a profit in a short term.

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I just spent a weekend in Sydney, a taxi driver told me that there were a lot of vacancies in city apartment buildings…

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Originally posted by C2:
Sorry one-step, Perth is not my area of expertise. How did you arrive at your figure of 300K?

In perth the average price of houses is under $300k, so I guess if I want to buy a house, I need to have that amount …

[blink], I have $100 k savings, so I do need to borrow ….

Originally posted by C2:
Hi one-step. Are you a new player in Perth or in Investing? If it is in investing then I would suggest 2-3 slightly cheaper properties to get you started without having all your eggs in the one basket.

C2

Hi, C2, [blink] yeah, I am a new player in investing …

do you know Perth property market ?

Originally posted by DD:
do you want positive cashflow or just a property somewhere?

$300k gets you 2 x 3 bedroom units in a complex in Medina with great capital potential and less out of your pocket now and in the future.

Houses have no body corp fees so they are cheaper $$ for $$ and get better appreciation over time due to land…[Read more]