WA Terry Ryder is talking Perth up

Discussion in 'Where to Buy' started by Colin Rice, 14th Mar, 2018.

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  1. Colin Rice

    Colin Rice Mortgage Broker Business Member

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  2. TMNT

    TMNT Well-Known Member

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    he must have gotten his dart board set out last night...


    [​IMG]
     
    Last edited: 14th Mar, 2018
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  3. Colin Rice

    Colin Rice Mortgage Broker Business Member

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    @TMNT dart should be lower down and to the left in order to be geographically accurate. That looks more like Broome to me.
     
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  4. Biz

    Biz Well-Known Member

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    Last night the dart board, next week the corn flakes box.
     
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  5. TMNT

    TMNT Well-Known Member

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    thats the beauty about round dart boards, you can rotate them :D:D:D:D
     
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  6. Ross Forrester

    Ross Forrester Well-Known Member

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    Thanks @Colin Rice - Hegney is now putting Perth on the investors radar, so is Christopher (apparantly) and now is Terry Rhyder.

    Maybe something is happening.
     
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  7. Orion

    Orion Well-Known Member

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    Performance Property Advisory has just started talking about it.

    Can't help but feel it's a little too early still... but I haven't been looking closely.
     
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  8. Rich2011

    Rich2011 Well-Known Member

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    Be careful what you listen to with him, 5 years ago he said Gold Coast was a 'complete basket case' and was never going to experience any CG yet it has been the best performing market in QLD...
     
  9. Colin Rice

    Colin Rice Mortgage Broker Business Member

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    As always :)
     
  10. dan2101

    dan2101 Well-Known Member

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    Terry Ryder was also plugging Geraldton about 5 years ago. Haven’t looked lately but that wasn’t exactly going well last time I looked.
     
  11. Orion

    Orion Well-Known Member

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    Oh yes. I bought 2 IPs in Gladstone based on information in his Hotspotting reports. To be fair, I bought almost a year after it was in the report (and take responsibility for my own actions), although it's basically destroyed my portfolio and has caused me to lose about 12 years of investing... it truly has been brutal.

    1st IP - Bought 2012 @ $600k ($1,090pw rent) -> now worth $370k ($350pw)
    2nd IP - Bought 2012 @ $530k ($900pw rent) -> now worth $270k ($300pw)

    The reports were recommending the area years earlier when prices were cheaper, although I wonder even buying with better timing it would have still been a roller coaster and still negative equity. You would have had to time it very well getting in and then getting out.

    I wish I just bought regular properties just about anywhere else.

    More details here - My investment journey – a reset and re-drawing of my plan at age 40
     
    Last edited: 15th Mar, 2018
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  12. dan2101

    dan2101 Well-Known Member

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    Purchased one in Muswellbrook myself. Worth what I paid for it 5 years ago so no tragedy but a good learning experience!
     
  13. sash

    sash Well-Known Member

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    Perth historically has had booms very similar to Sydney and Melbourne....
     
  14. Karina

    Karina Well-Known Member

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    Had you bought in Geraldton 5 years ago you would be in all sorts of pain. I bought 15 properties in geraldton in 2004- 2005 (before the mining boom) for between 60 - 110k, most doubled/ tripled in value, I sold 9 of them in the boom and kept 6 as rentals. They have fallen in value to close to what I originally paid for them and the rental market is much weaker now and rents have fallen. I have them all rented now but had significant vacancy over the last 24 months. Due to the mining boom they built too many houses which is why there is higher vacancy now then what their used to be. Rental market seems to be stabilising now from what I can see.
     
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  15. TMNT

    TMNT Well-Known Member

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    congratulations that you didnt get burnt big time by the mining props. and you sold some, taking profits
    many investors bought way after you and are still sitting on props that have halved in value,

    even though I only bought one semi mining property, its been a learning process
     
    Last edited: 17th Mar, 2018
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  16. Karina

    Karina Well-Known Member

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    I would be kicking myself if I had not sold out in the boom. Wish of course that I had sold them all in the boom but I honestly did not see the crash coming. I was too busy buying up in Atlanta USA to focus on what was happening with my Australian properties. Just bought my 47th property in the US so can't complain with how things have gone for me.

    I could have done better with geraldton but I did ok. I made some money and lost an opportunity to make more money.
     
  17. Jess Peletier

    Jess Peletier Mortgage Broker & Finance Strategy, Aus Wide! Business Member

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    The prognosis at a recent industry gig was that we’ve got green shoots. Mining employment is going up, and property prices seem to be stabilising. The word in the street is we’ve seen the bottom - how long we stay at this level though remains to be seen.
     
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  18. MTR

    MTR Well-Known Member

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    Probably best to do the opposite, thats what I did, it worked

    That reminds me I did start a thread on Gurus and their track record on predictions
     
  19. sash

    sash Well-Known Member

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    Have read of some of game changers......whilst it won't happen overnight...you might be surprise where Perth is in 2022....once Brissie is done....
     
  20. MTR

    MTR Well-Known Member

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    I hope so

    I think Perth has bottomed out

    Stock is selling but price sensitive, we still have some way to go

    My accountant said the only people making miney in the developing game are the builders

    Fingers crossed would love to start developing in Perth again
     

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