WA Rockingham WA - What’s the big deal?

Discussion in 'Where to Buy' started by Investor1234, 4th Oct, 2021.

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  1. MTR

    MTR Well-Known Member

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    MTR, 13th Jun, 2022
    #1181
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  2. Luca

    Luca Well-Known Member

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    As expected, advertised price $511k, offer as per Open Negotiation $501k, definitely someone who doesn`t know how it works thinking the $1k more will make a difference. By the way this is a premium price, it looks like the vendor is not moving overseas anymore thanks to the huge profits :)
     
    Luca, 15th Jun, 2022
    #1182
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  3. Calder&Scale

    Calder&Scale Well-Known Member

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    500k+ really isn't that premium anymore.
    People have paid high 400s for 600sqm blocks east of Read st
     
    Calder&Scale, 15th Jun, 2022
    #1183
  4. AndyPandy

    AndyPandy Well-Known Member

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    :D this agent is a master at playing games. Every listing is an urgent sale. I would avoid him at all costs but seems like poor interstate suckers keep falling for his gimmicks.
     
    AndyPandy, 16th Jun, 2022
    #1184
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  5. MTR

    MTR Well-Known Member

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    True
    But prices continue to rise and there are several agents in the area that are getting higher highs
    What is driving prices north is simple buyer demand is higher than stock available

    Summer is always better time to sell in beach side suburbs. Lets see where the prices are in December. I expect higher than today
     
    MTR, 16th Jun, 2022
    #1185
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  6. Justin_Z

    Justin_Z Mortgage Broker Business Member

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    Justin_Z, 16th Jun, 2022
    #1186
  7. MTR

    MTR Well-Known Member

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    MTR, 16th Jun, 2022
    #1187
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  8. Calder&Scale

    Calder&Scale Well-Known Member

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    We only settled 2 weeks ago and we've had more than 10 applicants at 5.57% yield, just in case people yields have disappeared.
     
    Calder&Scale, 17th Jun, 2022
    #1188
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  9. MTR

    MTR Well-Known Member

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    super tight market. I expect ongoing rises
    Its a land lord market
     
    MTR, 17th Jun, 2022
    #1189
  10. Trall

    Trall Member

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    Trall, 20th Jun, 2022
    #1190
  11. MTR

    MTR Well-Known Member

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    Speaking to one of the top selling agents today

    Still very hot market, 3x1 in Coolingup on main road sold 2 weeks ago for $390,000. Selling within days, multiple offers

    Many of the Investors can no longer afford to buy beach side :)…….so they are buying wherever they can. Pushing prices north
    House on decent size block is the winning criteria

    we are going to see higher highs as spring/summer approaches.
     
    MTR, 20th Jun, 2022
    #1191
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  12. MTR

    MTR Well-Known Member

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    MTR, 20th Jun, 2022
    #1192
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  13. RoadRunner

    RoadRunner Well-Known Member

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    RoadRunner, 20th Jun, 2022
    #1193
  14. Calder&Scale

    Calder&Scale Well-Known Member

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    Calder&Scale, 20th Jun, 2022
    #1194
  15. Trall

    Trall Member

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    Sorry just wondering what you mean by 'not an investor' and which criteria?
     
    Trall, 20th Jun, 2022
    #1195
  16. MTR

    MTR Well-Known Member

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    i am guessing at this price point it wont make too much for investors
     
    MTR, 20th Jun, 2022
    #1196
  17. lakhwinder1

    lakhwinder1 Member

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    lakhwinder1, 20th Jun, 2022
    #1197
  18. HonestShiba

    HonestShiba Well-Known Member

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    Have you been there? Is it really that busy? I've seen some big numbers posted on this road
     
    HonestShiba, 20th Jun, 2022
    #1198
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  19. lakhwinder1

    lakhwinder1 Member

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    My property manager told me , i was interested in this property and its next to school
     
    lakhwinder1, 20th Jun, 2022
    #1199
  20. Mavio

    Mavio Member

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    Im not sure if its been asked but what kind of employment diversification is usually in the area out Rockingham way?
     
    Mavio, 20th Jun, 2022
    #1200
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