Forums / Community / Buy, Swap & Sell / Perth-Due dilligence and suburbs

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  • Profile photo of metallica.kyotometallica.kyoto
    Participant
    @metallica-kyoto
    Join Date: 2018
    Post Count: 1

    Dear Forum Members

    Thanks for your awesome posts and your contribution on the forum.
    I am first home buyer interested in buying a 4×2 or 3×2 property which will be my PPOR for couple of years, and after that I would like to sell it with capital appreciation. I want to formulate my strategy but have many questions confusing me.

    Specifications :
    4×2 or 3×2 within 25 mins from Perth CBD and preferably near the sea.

    Questions :

    1.Considering that long term goal is to get capital appreciation, which is a better type of property? An established property or new house and land package? And why?
    – There is an argument that brand new house and land package helps to develop multi property portfolio as it is much CF positive compared to an old depreciated house on big land.

    2.Why are suburbs like Padbury, Heathridge, Duncraig and Craigie have negative annual growth since last 10 years? It is close to beach with good schools and shopping centres.Suburbs literally 5 mins away by drive are twice expensive.

    3.What suburbs are expected to do well in Perth and what should one specifically look for when aiming for future capital appreciation?

    4.What type of blocks should be preferred when looking for a depreciated house with large land component and why?

    5.How to asses whether a property is fairly priced, expensive or undervalued?

    6.How to verify the condition of the property?

    Thanks a lot in advance.

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 240

    1.Considering that long term goal is to get capital appreciation, which is a better type of property? An established property or new house and land package? And why?

    The Devil is in the detail, its the exact property that mattes more than new or old.

    2.Why are suburbs like Padbury, Heathridge, Duncraig and Craigie have negative annual growth since last 10 years? It is close to beach with good schools and shopping centres.Suburbs literally 5 mins away by drive are twice expensive.

    demand and a million other contributing factors, so even if there is strong demand, if the culture dictates being slow and waiting that can impact, and the overall stats hide gems and glamorize silly buys. once again devils in the details

    3.What suburbs are expected to do well in Perth and what should one specifically look for when aiming for future capital appreciation?

    Buy a problem sell a solution, once again its the deal, people argue over each suburb while someone buys a property at auction $200,000 under value and makes a killing. learn how to find deals.

    4.What type of blocks should be preferred when looking for a depreciated house with large land component and why?

    depreciated? you mean old, or your thinking from a tax perspective?

    5.How to asses whether a property is fairly priced, expensive or undervalued?

    study area, RPDATA, sold prices, rental return, etc etc etc

    6.How to verify the condition of the property?

    Pest and building test, other professionals, by testing everything yourself.

    Great to see your wanting to move forward and get ahead
    It seems you have a lot of things to really work on, I have sent a PM and would be happy to have a chat and answer these questions in the depth in requires.

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