Hi all…from a newbie,
Having just relocated from the GC, (someone shut that doorit's #### freezing), interested to hear from the "locals" as I'm embarking on our dd for a PPR with development potential…down the track. Quite shocked @ 1: Comparative $ here looks like >30% on GC???? 2: Residex numbers indicate CG @ NEG for next 5 yrs.
Does that sound right?
Looks like a great challenge!
JinxyProbably right on the money there. Perth is buoyed by mining but is isolated & has a small population compared to eastern seaboard capitals.
Perth has had its day and will decline/plateau similar to the GC between the late 80’s through to late 90’s.
Rents, depending upon new stock, should remain strong due to the well-paid transient population.
Thanx Scotty (1 mate)
Surprised it seems a bit of an "underwhelming" topic???
Kind of a Glum view their Scotty (Happy to be a 2nd mate).
Whilst Perth may not enjoy the ridiculous growth of recent times I think it is still a good prospect for medium to long term investing. I am new to the game but seeing my first few IP's performing well in terms of rent and taxation benefits I am happy to continue to buy well researched property with an aim for good profits down the line.
Any other believers?
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