What to Avoid in 2017

Discussion in 'What to buy' started by MTR, 28th Dec, 2016.

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  1. highlighter

    highlighter Well-Known Member

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    I haven't seen it, I should. I've heard it's good.

    If Perth did happen to follow the same course as Ireland/USA, it would probably be in for its worst year in 2017, with a recovery starting in 2019/2020. Though of course it could just be a minor correction (in my opinion this is doubtful, given the general oversupply and Australia's economic weakness. If Australia dodges recession it might be ok).
     
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  2. sash

    sash Well-Known Member

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    haven't jumped in yet your honor....but guilty as charged......I know people are going to throw things at me...but I believe Perth will offer much better growth than Tassie/Adelaide when it grows....
     
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  3. aussieB

    aussieB Well-Known Member

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    ...and how do you reckon it will grow ?
     
  4. Cactus

    Cactus Well-Known Member

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    With water and sunshine, Perth has plenty of both. I believe it's called photosynthesis but I'm not much for science.
     
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  5. aussieB

    aussieB Well-Known Member

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    Gee, Perth not too different than Darwin then.
     
  6. sash

    sash Well-Known Member

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    It will take some time to grow but buying in now will be at a huge discount.

    Think longer term.....
     
  7. MTR

    MTR Well-Known Member

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    Read the threads on Perth, its a falling market oversupply and rents have also fallen back considerably

    I stopped playing in this market in 2014 when it starting falling. Not interested in buying/developing in Perth, most of the developers here will tell you nothing makes any sense
     
  8. MTR

    MTR Well-Known Member

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    I cant see 70% drop in property prices, I think we have had around 15% drops and blue chip, higher end has still not recovered since the crash of 2007
     
  9. euro73

    euro73 Well-Known Member Business Member

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    Im also buying in Perth, with NRAS allowing me to think very long term. I can sit on the properties for a decade without any imposition on my cash flow... in fact it will only be improved.
     
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  10. ashish1137

    ashish1137 Well-Known Member

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    Share the numbers once your purchase is over.

    Cheers
     
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  11. MTR

    MTR Well-Known Member

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    definitely interested in viewing the numbers and where you are buying in Perth if you care to share
     
  12. euro73

    euro73 Well-Known Member Business Member

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    I have made 2 purchases. 390K and 300K. Both will produce @9 -10K tax free CF+ per annum. My contribution is 12% + stamp duty + legals
     
  13. HUGH72

    HUGH72 Well-Known Member

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    White Bread, burnt meat, sugar, sunburn, sensational headlines and Facebook.

    But seriously, in terms of investing I will be avoiding OTP units, crossing loans, paying extra land tax, overheated fully/overvalued markets, cashflow drainers, doom and gloomers and too much negativity.
     
  14. Perthguy

    Perthguy Well-Known Member

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    No.

    Money.
     
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  15. TMNT

    TMNT Well-Known Member

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    Thank you for reminding me :)
     
  16. TMNT

    TMNT Well-Known Member

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    I don't know any good investors who advocate otp

    The ones who do well in otp are usually lucky or the same as the rest of the state
     
  17. 380

    380 Well-Known Member

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    Not if you are a developer Rolf recently posted some of his clients are down 25% in values
     
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  18. Perthguy

    Perthguy Well-Known Member

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    Perfect time to buy :)
     
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  19. MTR

    MTR Well-Known Member

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    Perth rents still down, apparently townhouses that were renting for around $500 pw now renting for $395, this is Subi/Shenton Park.

    Any updates on other areas?

    Oversupply
     
    Last edited: 13th Jan, 2017
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  20. Ted Varrick

    Ted Varrick Well-Known Member

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    Used European sports cars starting with P or F.
     
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