Hi like Yarwood I live in Melbourne and dont realy like the idea of investing interstate. Any suburbs in Melb that offer good rental returns. At the moment everything I look at is going to give me negative cashflow.
Hello I am a Kwinana girl yes I know but trust me it,s all changing very fast. Kwinana is approx 30 minutes south of Perth, 10 minutes to the beach and cafe strip and 20 minutes from the holiday town of mandurah. The rail link is on it’s way done here, the capital growth has been wonderfull I own 3 properties here and don’t plan to stop with Kwinana yet. Over the next two years I predict to of doubled my money in all the prooperties.I would suggest following the train and the beach you can’t go wrong at the moment with the price of properties down here.
Catch yaWell, Perth is a great place to invest most definetly.
We shifted our focus from buying & selling properties in NSW to mostly Perth in the last 8 months.
Rockingham is a great place to start as well as Mandurra. We have done extensive research in those areas and created Local Govermet Area Research Reports on those areas.
If you are interested in this, please let us know.
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auHi everyone,
I’m with outbackgems on this one… Bought my first home in High Wycombe 2 yrs ago (6/03) for 135k.. now worth over 200k. I’m now thinking the best suburbs to invest in are the cheap ones with planned infrastructure, as close to Perth as possible. First home buyers will be chasing anything under 250k, so average 3×1’s around 200k have some room for quick growth.
Ciao,
AshNorth and South of perth are growing well..IMHO East will soon have to play catch up..
Stamp Duty reductions on property under $250k has assisted price rises..
IMHO anywhere with new infrastructure has gotta be good (look at Champion Lakes ! I believe the southern corridor will also boom with the rail and freeway..lots of ‘spec’ homes being built in new areas down there..)
Whats happening in Gero lately??
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHi Everyone,
New to this forum – all very interesting.
Anyone have any thoughts on the suburb called Wellard just before Rockingham. There will be a Wellard train station there when the new line is built.
Thanks, Mei-Lin
One more question for you guys.
Heard of a plan to make money but not sure where to start looking.
Someone I know who knows someone who knows some who………:)apparently bought a block of land – even before the estate was subdivided. Bought for $110,000 in March and apparently all Stage one -Stage 3 has already sold out and now his land is worth about $140,000.
He only had to put down a $1000 cash deposit. Titles ready in 12 months.
Does anyone know where to find something like this?
Put down $1000 deposit. Without having to pay anything for 12 months till the titles are ready and watching your $1000 grow in the meantime.
Anyone know of land that has not been divided yet that people are selling – i guess you could call it ‘off the plan’?
Thanks, Mei-Lin
Have a look at most new estates. Titles are generally 6-9 months away. If there is heaps of demand for area your 1k will grow nicely.
Regards
Regrow
You are a fool for 5 seconds if you ask a question, but a fool for life if you don’t.
Thanks for that Regrow.
Does anyone know of any new estates worth investing in – where titles are between 6-12 months away.
I have been working in Singapore for the past 9 years and am ‘out of touch’ with what’s happening over there in Perth.
but would like to invest in land.Thanks, Mei-Lin
How about Success?… According to the plan there will be a Train station, Gateways Shopping Centre development (According to Cockburn Council website it will be as big as Whitford City shooping centre) and Cockburn Central will be infront of the Gateways shopping centre.
Australand is releasing more blocks on their The Edge estate slowly.Hi there,
As far as new estates go – I have just purchased a block in Singleton for $149,500 about 600 metre from beach. I think this represents excellent value. Some blocks have titles now, stage 5 titles due in September 2005, I think stage 6 will probably not have titles for 6 months.
What I really like about the area is there is very little land available compared to some estates nearby. Also, if you compare land along this southern pocket ie Madora Bay, Secret Harbour you will pay much more to be this close to beach and blocks will possibly be smaller.
Another important fact is that Singleton has been one of the top performing coastal suburbs over the last 5 years and WA valuers predicting growth will continue. (www.singletonbeach.com.au)
M[biggrin]
*** Nice view ***
Marisa, is that who you bought the block through ?
And how much was the required deposit ??kp
Hi Marisa,
What is the name of that estate in Singleton?
Have you heard of the village at wellard? Anyone have any view on that?
Thanks, Mei-Lin
Hi KP
$1,000 deposit.
Get onto the website mentioned, should be able to access details. Otherwise PM me for more info.Blocks were originally sold by Bayshore at front of estate around 300 – 400 mtres from beach, unfortunately all sold.
RE agent advised house was sold last week in this pocket for $479,000 no landscaping, no furnishings whatsoever, just basic home.
Hi Meilin
I have heard of Wellard and I believe it is doing well, though I have not researched this area so I cant provide any useful information. I am sure many formites can assist though.I basically look at beachside locations that I believe are undervalued or properties which have potential for development, ie duplex/triplex.
Regards, M[biggrin]
We have done some research on the southern strip there between Perth CBD to Mandurah and have …..advertising deleted….
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auhi
not sure what ….advertising deleted…. means???
Mei
Ah, I think my last post was edited by the forum cause I was saying that we have h&l in perth ect..??
Roy H.
L.R.E.A., Dip FS (FP)
Guardian Property Specialists (GPS)
http://www.gpsnetwork.com.auOriginally posted by yarwood:Thanks for your thoughts Marissa and PK
I understand that Westminster/Balga has been reinventing itself but it’s not an area I know well.
I think a factory unit would certainly be less stressful than a residential property. I have found townhouses or units to be relatively stress free compared to a house and land where the land has a garden that need sto be maintained. I’d never want to rent out a place with a nice garden.
Regards
YarwoodOriginally posted by yarwood:Thanks for your thoughts Marissa and PK
I understand that Westminster/Balga has been reinventing itself but it’s not an area I know well.
I think a factory unit would certainly be less stressful than a residential property. I have found townhouses or units to be relatively stress free compared to a house and land where the land has a garden that need sto be maintained. I’d never want to rent out a place with a nice garden.
Regards
YarwoodI guess if you want to invest, you go for capital growth, rental yield and stability with at least a 10 year horizon. Westminster and Balga are two great areas to have capital growth over the long run. Prices have moved so much within one year that you can’t get anything less than $200k in Westminster. I’m developing villas on two plots of land in Westminster and prices have moved by Approx 20% for new villas and land prices have moved (at least for the land that I acquired last year) by 30%!
Personally, I will not touch commercial, retail etc properties. Only residential! Until you have suffiecient wealth, then look at other types. Otherwise keep to something simply.
Cheers!
PacmanHi again Marisa,
Thanks for your suggestion on Singleton Heights. I think it is great and will probably be buying a block there soon.
Just out of curiosity – which stage did you buy into and which block did you get?
Regards, Mei-Lin
but would like to invest in land.
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