WA Post a Bargain - Perth

If you want closer to the city then yes block sizes are much smaller as land is valued between $1500-2000 psqm for under 3/4km from city*

* general rule of thumb. There will be stuff in that area not worth that

 

Still available too.

 

ouch , selling for exactly the same as it did in 2006. Seems about as successful as one of my investments.
reiwa.com - 10/91 Dampier Avenue, Mullaloo (not saying its a bargain but demonstrates how shot the Perth market is)

 

Thanks @Big Daddy for the data, would help me narrow down my search range a bit. Good to see some better yields there than what I have seen so far.

I probably didn't explain myself better. Point is Sydney market is at the opposite cycle to Perth at the moment but the yields are not significantly different. Perhaps it's only me, but I would like to see a better yield in the slower market to invest in. FYI, I can see a Sydney Inner West house being advertised with 4% yield just a couple of days ago.

Not sure if I'm paying too much now or too little 7 years ago, but definitely I wasn't paying anywhere near 2.5% interest more than now

 

Difference is Sydney yields have dropped due to booming housing market. In Perth yields have dropped significantly due to oversupply of rentals

 

Agree and I wonder how long before those oversupply gets to a better balance for Perth.

 

Sydney market not booming anymore! I have been working here for a year now with the intention of ripping money out of the state and investing it into Perth. The Chinese money has really dried up in the last 3 months, my colleagues are finding it ridiculously easy to rent new apartments for lower bids, no one at home opens, 20% more listings. About to see some decent falls coming up. Property in Sydney is at least 30% overpriced in my opinion.

 

A huge site:
123 south terrace Como WA 6152 - House for Sale #126803150 - realestate.com.au
bargain sites:
20 Abjornson Street Manning WA 6152 - House for Sale #126848694 - realestate.com.au
and
5 Wandarra Close Karawara WA 6152 - House for Sale #126860130 - realestate.com.au

I have found the property prices drop down day by day. Could not find such prices in last couple weeks but now quite couple properties with such price tags.

 

Keep monitoring Perth prices and plan a purchase in next 18-24 months

 

Melbourne has been getting the lions share of Chinese buyers, but nationally down

Category: | Herald Sun

As they say after Boom comes Bust, it was inevitable, at least a 4 year run

 

A bust is inevitable for Melbourne as well. just won't be as bad because apartments are cheap as chips and poorly built.

 

197 Hensman Shenton Park went for $1.32m

Totally over my estimate and about 5 genuine bidders

 

Wowsers!

Someone got a great price! (the seller).

Blacky

 

It is only zoned r20? That’s high.

 

Wow that seems very high for land value. What happened to the bidding expected to start at 800k ?

 

It started at 800k.

In about 3 minutes it was at 1.2m.

Bidding at 1.25m had 4 serious bidders.

 

14 Camberwarra Drive Craigie WA 6025 - Residential Land for Sale #201958438 - realestate.com.au
Restricted use but aged care is a booming industry...whitfords city only a 300m gopher ride away.

 

The site of my childhood kindy. Shame some nearby houses are in need of total demo.

 

101 Lowanna Way Armadale WA 6112 - Residential Land for Sale #201527610 - realestate.com.au

 

I've just gone under contract on a property in Perth. Very, very happy with the whole deal and the buyer's agent I've used has been incredible and is worth his weight in gold. Some of the other deals he's sourced recently have almost printed money for his clients.

Can't post details of the property yet but I'm happy to once it's unconditional. In the interim, if anyone is looking for a BA in Perth I have your guy! No affiliations or kickbacks for me, it's just that people would do very well to use him in the pending recovery!

Cheers