Dont normally post just read but bored at work, someone had to hold the fort while people go to the saftey meeting.
Looking at property in Perth these days i reckon you are lucky to find a nice house for under 400k compared to what you would pay over in Adelaide.
I am just waiting for interest rates to hit 9 % then you would find alot of cheap property around, you see it in the paper these days banks selling peoples house because they can’t make repayments.
At the moment i would prefer rent and put that $2000 a month i could be paying off my home loan if i did buy towards say 4 four investment properties.
Mat.
where and how would you buy these 4 IP’s?
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsI own a property in Kalgoorlie at the moment.(rented out to Westrac – Caterpiller)
About to start building one in Roxby Downs just waiting for accountant to sort out paper work before that goes a head.(Olympic Dam has a 5 year construction plain going a head, populaion of 4,000 will double)
3rd been looking up at Karratha.(600k houses but your getting $600 per week return on them)
4th not sure yet probably in a capital city seening other 3 are in mining towns, probably Adelaide because home town.
Boddington will take off as well.(new processing plant being build down there as well)
Mat.
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