All Topics / Help Needed! / Perth Property

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  • Profile photo of lyndon_glyndon_g
    Member
    @lyndon_g
    Join Date: 2006
    Post Count: 58
    February 13, 2006 - 3:43 pm

    Hi All

    I am from perth and have noticed that many people are feeling some discomfort about the rising perth property prices. I feel this also!
    As i am new to the positive cashflow concept, i was wondering how one can make it work, particularly in a market like perth. Is it just a matter of finding a property at a such a price that the rent return will be more than that of the weekly mortgage repayments? If so, has anyone had any success in Perth doing this?
    I am currently building my first home and am looking forward to hopefully making property investment a full time occupation in the future!

    Any advice on +CF investments would be greatly appreciated!

    Thanks

    LG

    Profile photo of luckyinvestorluckyinvestor
    Member
    @luckyinvestor
    Join Date: 2005
    Post Count: 19
    February 14, 2006 - 12:06 am

    perth and entire WA is becoming too expensive…. not a good time to buy now. it is the third most expensive city in aust …

    i bought a property 2 years ago which was expensive then, but if i were to buy now, i could not afford it,,, i believe value of my property has increased $200k ……even country towns are booming , friend bought a house for $250 k two years ago, now on the market for $380k …..in york…. thats about 1.5 hours drive.. to perth/….

    [crying]
    http://finance.news.com.au/story/0,10166,18137550-462,00.html

Viewing 2 posts - 1 through 2 (of 2 total)

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