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Foxbat calls Perth a buy September 2016
Topic Started: 22 Sep 2016, 10:35 PM (9,157 Views)
Foxy
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Zero is coming...

The dam wall is bursting,


http://www.news.com.au/national/western-australia/corelogics-latest-pain-and-gain-report-reveals-which-suburbs-are-most-likely-to-turn-a-property-profit/news-story/e5f9ada71a1b65682afdebe34dc55fc1


Make sure any offers are brutal.

It's our turn now.

Peter
Edited by Foxy, 28 Sep 2016, 01:06 AM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Massive
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To be honest though .. With the drops I've witnessed on my watch list this quarter Im seeing quite a few opportunities that are pretty good value .. I probably will get something soonish . If prices fall further, even better but for now the seems to be quite a few good options about
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Bardon
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Massive
28 Sep 2016, 09:52 AM
To be honest though .. With the drops I've witnessed on my watch list this quarter Im seeing quite a few opportunities that are pretty good value .. I probably will get something soonish . If prices fall further, even better but for now the seems to be quite a few good options about
My advice would be to go now and go hard.
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newjez
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Massive
28 Sep 2016, 09:52 AM
To be honest though .. With the drops I've witnessed on my watch list this quarter Im seeing quite a few opportunities that are pretty good value .. I probably will get something soonish . If prices fall further, even better but for now the seems to be quite a few good options about
I don't think you will lose much by getting a good deal now. I would be seriously looking if I could. Sadly it's the wrong time for me.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Matthew
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Bardon
28 Sep 2016, 10:04 AM
My advice would be to go now and go hard.
I would offer $620k for this http://reiwa.com.au/23-warner-court-manning-3830770/ and be confident of getting it. 452m2 is a good sized block in this location. Once you belt down the mortgage a bit over 3 - 5 years you can level it and build a quality 2 storey house in prime location plenty of room for a pool. You could create a $1.3m - $1.5m property in 5 years in todays money for less than $1m.
My only hope for my three boys is that they turn out nothing at all like Chris.
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newjez
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Still lots of pain out there


http://www.perthnow.com.au/news/western-australia/corelogics-latest-pain-and-gain-report-reveals-which-suburbs-are-most-likely-to-turn-a-property-profit/news-story/e5f9ada71a1b65682afdebe34dc55fc1


“I think there is probably some more pain to come over the next few quarters at least.”

“Although commodity prices have picked up a little of late, housing markets linked to the resources sector continue to show a weak performance,’’ Mr Kusher said.

Mr Kusher said there was unlikely to be any substantial reversal of fortunes in the short term.
There are houses I would buy out there. This one is not bad.


http://reiwa.com.au/4-jarrah-place-woodvale-3826652/


But there is still a lot of overpriced crap out there, and I doubt there is any upside till that clears.
Edited by newjez, 28 Sep 2016, 01:13 PM.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Foxy
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Zero is coming...

Make sure the offers make their eyes water, all pain,no gain for the landlords.
It's our turn now.
Peter

They dropped the price of the unit by $50,000, I dropped my offer by $100,000.

Now I am at $1m
https://au.news.yahoo.com/thewest/a/32743062/prices-are-down-so-where-are-perths-property-bargains/

Mathew, drive down to Ozzie Park and do a supersonic shout at the editor of the West.

He must be a drunken old fool.

To call Perth property down like that,

Mathew one question, do you wake up every morning, look into the mirror and say, I must finish the day more stupid than I started it🤓

Because you are special stupid
I am so happy I got out when I did,and I thought Let everyone that would listen know.

Now I can buy a plumb over the next 6 months.
Because I took the top dollar out.

Now to foxbat a great big fat thank you, Sauna well my old friend.
Edited by Foxy, 28 Sep 2016, 10:21 PM.
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Bardon
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Matthew
28 Sep 2016, 12:36 PM
I would offer $620k for this http://reiwa.com.au/23-warner-court-manning-3830770/ and be confident of getting it. 452m2 is a good sized block in this location. Once you belt down the mortgage a bit over 3 - 5 years you can level it and build a quality 2 storey house in prime location plenty of room for a pool. You could create a $1.3m - $1.5m property in 5 years in todays money for less than $1m.
Say you wanted to develop it later and were just going to hold it "as-is" for now, what yield would it fetch?
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Foxy
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Zero is coming...

http://www.zerohedge.com/news/2016-09-27/viral-surveillance-video-revels-shocking-scene-chinas-housing-bubble


Baaa baaaa baaaa

So predictable

And some humans say sheep are dumb, ok Mathew is dumb.

http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Matthew
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Bardon
28 Sep 2016, 08:46 PM
Say you wanted to develop it later and were just going to hold it "as-is" for now, what yield would it fetch?
You would get something like $450 - $475 per week so gross yield of 3.8% - 4% without trying, $500 and change if you were willing to hold out. The house isn't much chop but it is a desirable suburb and the land would be worth $575k minimum cleared and level today. It is as near to a free house as you would ever get in Manning.
My only hope for my three boys is that they turn out nothing at all like Chris.
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