Hello from Perth!

Discussion in 'Introductions' started by RoadRunnerPerth, 12th Jun, 2019.

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  1. RoadRunnerPerth

    RoadRunnerPerth Member

    Joined:
    1st Jun, 2019
    Posts:
    5
    Location:
    Perth
    Hi Everyone,

    I'm am a investor in Perth, both commercial & residential. I work for a software consulting company based in Sydney and keep an eye open on the Sydney market while visiting the office on regular occasions. I also am active in the Stock Market.

    I've been reading PC for a while before joining.

    Have a great evening, everyone! :)
     
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  2. Ross Forrester

    Ross Forrester Well-Known Member Business Member

    Joined:
    30th Oct, 2016
    Posts:
    1,668
    Location:
    Perth, Western Australia
    Welcome!
     
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  3. Arnel

    Arnel Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    163
    Location:
    Perth
    Welcome mate :) Do you prefer PERTH over Sydney?
     
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  4. RoadRunnerPerth

    RoadRunnerPerth Member

    Joined:
    1st Jun, 2019
    Posts:
    5
    Location:
    Perth
    Hi Arnel,

    I have lived in both Perth & Sydney, both have their ups and downs.

    Sydney is great for jobs in my industry and has some really awesome places and things to do. However I found the cost of housing, living and travel times can really get to you after a while.

    Perth has really grown over the last decade, but still feels small in comparison... both a good and bad thing! Before the boom, housing was relatively cheap, then prices went silly, however there has been in a slow steady decline for years now. There is really awesome nature and wildlife in WA. I think the biggest issue is travel time, to and from other Australian and international cities. Want to get anywhere? You're stuck in an expensive plane ride for a long time. For business, the time difference between the east & west coast can be a bigger thing than many realize.

    I also lived in Melbourne and spent a couple of years in the U.S., both east and west coast. Came back to Perth and saw how cheap real estate was and started investing. I love parts of the US, but as a place to live I prefer Australia
     
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  5. Propin

    Propin Well-Known Member

    Joined:
    7th Mar, 2016
    Posts:
    483
    Location:
    Perth
    Welcome to the forum! I moved to Perth from Brisbane in mid 1999 and thought Perth was cheap. I just wish I invested in premium suburbs back then. I just found this old print out! So cheap!! 5B00C013-04B4-47B2-9079-50B0729DF5C9.jpeg
     
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  6. Westminster

    Westminster Tigress at Tiger Developments Business Member

    Joined:
    13th Jun, 2015
    Posts:
    6,313
    Location:
    Perth
    meep meep!

    Welcome to the forum.
     
  7. Arnel

    Arnel Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    163
    Location:
    Perth
    Yeah I agree with you, Perth will always be Perth. My family lives in Mebourne so I commute there a lot.

    What’s your investing stragtergy?
     
  8. RoadRunnerPerth

    RoadRunnerPerth Member

    Joined:
    1st Jun, 2019
    Posts:
    5
    Location:
    Perth
    It's dynamic... got to change with the times!

    Originally I purchased when cheap, but tried to not over-extend and then payout one to be cash positive before taking on a new one. Sold some of the older properties during the boom as maintenance costs and requirements increased. Strange how when property values plummet, maintenance costs still keep going up! I was waiting for the election before doing anything else in property, lots of share activity & have learnt a lot. Recently sold back to cash. I think ( as others have debated heavily ) it's going to get a lot worse before it gets better... happy to sit on the sidelines for a bit longer.

    How about you?
     
  9. Arnel

    Arnel Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    163
    Location:
    Perth
    Fair enough,

    I’m a local builder in Dianella, personally I develop land with minimal delay. If the readability stack up do it then and there don’t wait for external factors such as “capital growth” the hope of something. No need to be greedy. I’m looking for a site at the moment. I only stick to within 10kms of cbd and close to public amenity. I feel they are relatively steady in an unstable market.

    You think Perth will continue to fall?
     
  10. RoadRunnerPerth

    RoadRunnerPerth Member

    Joined:
    1st Jun, 2019
    Posts:
    5
    Location:
    Perth
    We've been dropping steadily, however seem to be bottoming out... at least in the areas I keep an eye on. However I think the thing to keep an eye on is the overall economy - and that does not seem to be turning around anytime soon.
     
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