I have lived in Perth for only 6 months, and still getting to know this beautiful city.
I like to buy an IP (up to $300k ), as a new player, I would like to get some help on determinging :
1 location ( close to city, or outer suburbs )
2 house v apartmentthanks in advance
I’d suggest you visit REIWA and do some research on suburbs..
Its not what you earn but what you do with what you earn
in this market it would be easier to ask where not to buy! there is a reverse ripple theory which suggests inner city is about to take the lead again. check out places like Vic PArk, Highgate, inner city, Northbridge. I like Burswood too.
http://www.megapropertygroup.comINVESTMENT SALES * RENTAL SOLUTIONS * STRATA MANAGEMENT
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 component.
What are you looking to achieve from investing and how will the $300k rate for long term.
Answer these and you will be better at guiding yourself than getting a “go here ” or “go there” from us. After all, its your investment.
DD
Buyers Agent (Dip Financial Services(FP)
Don’t sweat the small stuff,and it’s all small stuff!!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 component.
What are you looking to achieve from investing and how will the $300k rate for long term.
Answer these and you will be better at guiding yourself than getting a “go here ” or “go there” from us. After all, its your investment.
DD
Buyers Agent (Dip Financial Services(FP)
Don’t sweat the small stuff,and it’s all small stuff!!thanks DD, for your reply
are you a buyer’s agent? I was thinking about using the service of a buyer’s agent….I am looking for properties with strong capital growth potentials, so I can sell them when values go up in years
[blink][blink] I am not completely familar with all the areas in Perth, and I haven’t been able to find time to do the research, so I like to hear from experts ……
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
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 ?
Sorry one-step, Perth is not my area of expertise. How did you arrive at your figure of 300K?
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 ….
You need to consider your ability to the service the loan if something goes wrong. I’m no expert on the finance side of things but if you have 100K I would consider 50K down on 2 +cashflow properties instead of 100K on 1 property. There are other on this site that can give you good advice. Just hang in there untl the advice comes. In the mean while do a lot of reading and try the search engine for information on Perth properties. I also think there is a Perth property investors group here as well.
C2Originally posted by WASP:I’d suggest you visit REIWA and do some research on suburbs..
Its not what you earn but what you do with what you earnJust wondering what REIWA stands for and how do you get on to the information? Website? Call to have information set out? Cost?
Sorry if my question in a little dumb.
Real Estate Institute of Western Australia (REIWA)
C2
One-step you need to start with some research on your finances then what you should be looking into re property so you don’t get into any trouble.
Roy H.
L.R.E.A., Dip FS (FP)Guardian Property Specialists (GPS) is a research-focused company that specialises in sourcing and providing residential investment properties Australia wide!
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