I dont know much about the Somerley Clarkson area but the north just seems to get bigger and better and just as you say with the train line and other pros like coast plus amenities it could have future potential.
I haven’t read through all the threads of this discussion but does anyone have any opinions on Geraldton. I bought up there over a year ago and was lucky enough to easily get a +ve cf property. Wish i had more confidence back then and and bought more as prices now have eroded the rental yield.
Lots is happening up there. They are redeveloping the marina and foreshore as well as a port upgrade.
With Bunbury, Mandurah and up and coming Albany prices increasing rapidly, Geraldton is still affordable for a beachside location.
Im considering making another purchase there soon before prices go too high.
Hi! Direct to the hotspots. I have invested in cloverdale, canningvalve and wellard within the last 4 n half years ago. I believe that these suburds will have a stable growth despite whatever the economic conditions because of the infrastructure, transport, near ocean and near to cbd.
At this booms climate, we have to see what is our actual goals by investing, short, medium or long term or positive cash flows. I believe some suburds growth will only come in during booms or when there are high demand and low supply. But going into the right suburds and at the right price will be the best bet for wealth creation.
There is no right time and wrong time in property investing, don’t be follower do your research and guide by your judgement on the risk calculation and move on your acutal intention of investing-‘making a profit’ – for short term or ‘medium to long term’ – for wealth creation.
Cheers!
infancy investor[hair2]
Zainal Husani
IMFS
Mobile: 0402563123
[email protected]Wellard always reminds me of a “Tough Scotsman”[biggrin]
WOW..38342 reads and 34 pages so far, this thread must be approaching a record?
With all that’s happening in the Perth market in general I’ve started to look ‘elsewhere’ for better value whilst still
enjoying CG from the Perth IP’s.I’ve topped up my loans and “locked in” my equity for now
Interestingly whilst Perth achieved approx 24% CG in the last 12Months I believe may regional areas in WA still led the way and some members here who bought well must be enjoying newfound gains (hmmm.. where is that Geraldton, Collie or Kattaning thread??[wink2])
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsOriginally posted by redwing:Interestingly whilst Perth achieved approx 24% CG in the last 12Months I believe may regional areas in WA still led the way and some members here who bought well must be enjoying newfound gains (hmmm.. where is that Geraldton, Collie or Kattaning thread??[wink2])
HI Redwing,
You missed the ‘star performer’ – Goomalling up 80%+ in last 12 months.
Derek
[email protected]
http://www.pis.theinvestorsclub.com.au
0409 882 958
Skype – derekjones2113Dear yarwood , purple kiss has suggested places in Balga for around 200,000 , I thought that was the deal about 3 years ago . Try half a million for an old house on a 1000 sqm block , thats the reality of balga today .
Hi Pilum,
Back in 2004 when this thread first started, properties in Balga were around the $200,000 mark. Seems I picked a right suburb becasue as you started the prices have grown remarkedly. Shame I don’t have an IP there![annoyed]
PK
They are offering a 3bed 1 bathroom oldish home on a triplex blocks in Balga at the moment. It’s advertised for $425,000 for it. Another triplex site with a 3 bed 1 bathroom is offered at up to $465,000. Both places have tenants. The area seems to have a high number of large blocks. Not sure how the homes are situated on the land but if they are well positioned to allow builds to proceed alongside, there is money to be made, even at those prices. But the prices are too steep for me
Originally posted by PurpleKiss:Yarwood,
I’m assuming you are looking for capital gains rather then cashflow if you are looking in the suburbs?
Well, I don’t mind throwing a few ideas in the wind as long as noone is going to follow it through and then blame me if it goes the opposite way, everyone must do their own due diligence.
Anyway, here’s my thoughts:
a) Armadale – They currently have a “multi million dollar” city plan upgrade open for public comment. Armadale has already had significant growth over the last year, whether it’s because this has been in the pipeline or whether it was part of the boom I don’t know. My guess is, it may increase further OR the surrounding areas will start to benefit from this and increase. Vacancies rates are low, last time I checked 1%.
b) Rockingham/Waikiki – Some of the suburbs around these areas are still below median price but reasonably close to the beach. I believe the water factor will help prices increase. The train line from Perth to Mandurah will stop in Rockingham too.
c) Ashfield – Close to the river and the city. Has public transport (bus and train), schools and some blocks are big enough to develop into unit sites. Some very old homes here though that aren’t in good condition, depends of whether you’re into developing.
Well, there are my thoughts. We’ll know if a couple of years if any were correct. Hindsight is a wonderful thing.
Regards
PKHi everyone! I would like to know anyones opinion of Lancelin?? Is it worth sitting on some land with an old shack on it and wait?? Lots of new developments due to go on there( has anyone got anything definate-timewise- on that?) Or am I too late and prices seem dear. I am not too good at this as so am having trouble finding+cf properties in Perth, has anyone got any good pointers on how I can improve??/ Thanks.
Hi Squeak,
Do you have a shack in lancelin – or are you looking at buying one there? If you have one – then yes, I would hold on to it for at least 3-4years.
There’s lots of development planned all the way up the coast – from yanchep to lancelin which is only going to push the prices up.
If you are considering buying up that way then it might be a good idea to check out the towns inbetween, such as Moore River, Ledge Point and so on….
Rgds
Wayne
Wayne Leech
http://www.WaynesGuide.com – Accommodation in Western Australia.
List your holiday home for FREE!HI I LIVE IN MANDURAH JUST SHIFTED 6 MONTHS AGO BUT INVESTED 2 YEARS AGO NOW BUILDING ON LAND PURCHASED HAVE DONE VERY WELL WE LIKE TO BUY LAND AND BUILD THEN LIVE IN IT FOR A WHILE THEN NO CAPITAL GAINS VERY HARD TO GET LAND HERE NOW BUT STILL I THINK A LOT OF INVESTING TO BE DONE HERE. LONG WAITING LISTS FOR NEW SUBDIVISIONS WE WERE 200 ON A LIST OF 400 WAITING PAY 1000 TO GO ON LIST WHEN FREEWAY COMES DOWN WILL GO EVEN FURTHER I THINK. ANOTHER AREA DOWN HERE IS SOUTH YUNDERUP AND RAVENSWOOD. NEW AREA GOING UNDER THE HAMMER ON 8TH JULY WILL BE INERESTING TO SEE VALUES, GREAT INVESTING FREEWAY WILL BE COMING OUT 5 K AWAY,
[fez]Hey Wayne/Squeek,
I would also be checking out the coastal areas between Lancelin and Geraldton!!
sq[happy3]
Hi fayeh00, I like the South Yunderup area myself. With the freeway exit just 3-4 km from the canal properties I think this is one area that will stand to gain most from the freeway exposure. The fact that only a few empty blocks are still available and properties on the other side of the inlet are selling for 50% more or higher won’t hurt either.
Regards,
HarryHi Please give me so information on perth innercity apartments.
Not much off capital gain in short term, but they give good cash flow. good investment or not.Regards
imam[suave]How to withdraw selling contract on property 6 weeks before settlement ? any comments
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