WA Leda and wellard WA

Discussion in 'Where to Buy' started by Seby643, 25th Oct, 2019.

Join Australia's most dynamic and respected property investment community
Tags:
  1. Seby643

    Seby643 Well-Known Member

    Joined:
    28th Jan, 2017
    Posts:
    77
    Location:
    Melbourne
    Hey guys

    Im here in WA for 2 weeks for work and drove past leda and wellard and saw tiny blocks for sale from $122k and h&l packages under 300k.

    Ive got 2 IP in melbourne. Im single on a single income, and will probably only be able to borrow 200k at max.

    Ill have roughly 100k in savings next year.

    Just curious to see from other opinions if its worth investing here with what left to borrow with for me?
     
  2. Shogun

    Shogun Well-Known Member

    Joined:
    26th May, 2018
    Posts:
    2,125
    Location:
    Perth
    I think Wellard and Leda also meet that requirement

    Is it time to buy for cashflow - Perth/regional centres [WA]

    Lots of ways to make dodgy/bad investments sub $300k in Perth

    eg Real Estate & Property for Sale in Gosnells, WA 6110 - realestate.com.au

    or Houses for Sale in Clarkson, WA 6030 - realestate.com.au

    less than 15km to CBD
    55 Wintersweet Ramble, Mirrabooka, WA 6061
     
    Last edited: 25th Oct, 2019
    JohnPropChat likes this.
  3. Jess Peletier

    Jess Peletier Mortgages, Finance & Property Strategy Aust Wide Business Member

    Joined:
    18th Jun, 2015
    Posts:
    6,372
    Location:
    Perth WA
    Definitely not.

    In WA right now, those sorts of deals are like cars - they're worth less than you paid the minute you get the keys.

    If you've got $300k to spend, I certainly wouldn't be looking at that - buy something established.
     
  4. Seby643

    Seby643 Well-Known Member

    Joined:
    28th Jan, 2017
    Posts:
    77
    Location:
    Melbourne
    Thanks for the advice.
    Where are people buying for 300k im Australia at the moment?
     
  5. Damo93

    Damo93 Well-Known Member

    Joined:
    26th Dec, 2017
    Posts:
    570
    Location:
    Perth
    Shocking areas to consider for any sort of growth, perhaps cashflow if that’s your strategy.
    Highly recommend you keep building your deposit and increasing your income so you can invest in the 450-550k range.
    Might I suggest an option may be to divest from your 2 IP’s in Melbourne and buy better stock with your deposit and new borrowing capacity.
     
    spoon likes this.
  6. hammer

    hammer Well-Known Member

    Joined:
    28th Aug, 2015
    Posts:
    2,604
    Location:
    Darwin
    There are lots of places to invest with 300k but you'll need to do a tad more research!

    Work out if you're free cashflow or capital growth...will a unit work? Townhouse? Can you go regional? If so how regional? Do any of the cheap spots in Adelaide or Brisbane work for you?


    There's tonnes of options! Hang around here, hit the books and you'll be in a far better position to make a good decision.
     
  7. Seby643

    Seby643 Well-Known Member

    Joined:
    28th Jan, 2017
    Posts:
    77
    Location:
    Melbourne
    Im after capital growth mainly in my budget. But struggling to pick a state.
     
  8. Shogun

    Shogun Well-Known Member

    Joined:
    26th May, 2018
    Posts:
    2,125
    Location:
    Perth
    Some interesting comments here
    Strategy for a Young Adult

    Perth as not done much for 10 years. Any guesses for what it will be doing in ten years time?
    $300k as a huge number of options

    Comments in Perth threads mention Maylands as a maybe
    Real Estate & Property for Sale in Maylands, WA 6051 - realestate.com.au
    a short bike ride to CBD

    Another Perth thread mentions "cheap" apartments in small complexes in South Perth
    68/6 Manning Terrace, South Perth, WA 6151
    again a short bike ride to CBD or a reasonable swim