WA Perth market 2019

you mean the blip? Talking about the 13/14/15 dead cat bounce when it was "apartments are everything" and then they were banned from R30.

 

They should teach this at school along with your times tables but in a way i'm glad they don't!

 

And as of a month ago, banks can give people the borrowing power to be a bit greedy again. Plus Perth is very cheap, so when the market eventually picks up and some FOMO finally sets in, it has the potential to really move.

 

Agreed but at these bargain prices, borrowing capacities are not a big factor. It is by and large consumer confidence and negative sentiment. Exactly what I need when I am buying.

Forget investments, there hasn't been a better time to buy a place to live-in. Not that long ago, I helped a friend close a deal in Huntingdale. He is a FHB and wanted a home for his growing family. Ended up getting a good size and well kept 4x2 on big size block that was fetching $400pw in rent at the time. Lucky for him there wasn't much left on the lease term so he let go of the tenants and moved in. Negotiated for mid-$300's. He'll do well.

 

.^^. very cool.

 

what was the initial asking price?

 

It was 400 something.

 

For an IP,
do you like Huntingdale?
or would you consider something closer to city?

Spec: 4/2/2@500+sqm (price no bar, rental yield 4% at-least)

 

Depends on the type of investor and budget. If you are a low risk investor that wants a 4x2 family home on a good size block and great yields but don't have a lot to spend then I would deffo recommend Huntingdale. My pick used to be Thornlie over there but Huntingdale offers better value.

 

John "perth10k" propchat

 

Haha. True dat but not everyone can afford good quality stock in Perth10k.

 

If your budget allows then stick to #Perth3k. My pick for max CG potential would be Vic Park.

How about a duplex pair that you can convert to a 4x2 with a whopping 1000m2 triplex or more potential? Though you may have to sacrifice some yield for CG prospects.

52 (a & b) McMillan Street, Victoria Park, WA 6100

 

Haha John, introducing competition?

 

Haha. I thought you were looking elsewhere?

These are options as well:
56 Tuam Street, Victoria Park, WA 6100
Lot 1 & 2/67 Manchester, Victoria Park, WA 6100

I wonder what this went for:
77 McMaster Street, Victoria Park, WA 6100

 

I was. But my mortgage broker said I need to generate more equity at the moment. BTW, I don't have the ammunition to detonate 56 Tuam. I like the way they say it though

 

API

 

I'll stick to #Perth18k for now

 

#Perth8-12k for me

 

#Perth6k ish for me

 

#perthanywherethatmakesmoneybutpreferably7k