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Perth Property markets heats up; Sales surge at start of spring
Topic Started: 19 Sep 2013, 09:05 AM (4,712 Views)
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Girrawheen...Koondoola...
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newjez
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Todster
21 Sep 2013, 03:18 PM
Girrawheen...Koondoola...
Do you think that would be fhb's Mike??
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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MMM
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newjez
21 Sep 2013, 07:14 PM
Todster
21 Sep 2013, 03:18 PM
Girrawheen...Koondoola...
Do you think that would be fhb's Mike??
I looked at girrawheen and sounding areas mentioned by todster and would have to agree Mike ,these areas have big numnbers searching for property ,some areas more pricey that the average first home buyer could usually afford . But without dirt low interest rates and a booming economy this is unsustainable. considering interest rates are near the bottom and the economy is slowing rapidly there, there is sure to be big drops after further winding down of buisiness. But admit right now ,it does look hot at the few areas I looked at.
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Blondie girl
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MMM
21 Sep 2013, 10:57 AM
I own real estate too and probably have for a lot longer than you blondie.

I just don't have all my eggs tied up in the one basket like yourself, a basket that seems like it has now.broken going off job losses and business closers and rental vacancies alone, surely you have noticed this Blondie or would you rather just ignore the facts?
Oooohhh
Why do you think I've got all my eggs in 1 basket...over the last 20 yrs since I was 20yrs old :to:
Psst I've had mainly an interest in real estate but I've got 1 brother who dabbles in shares some fails some joy..nothing to really write home about...but hey I've never been confident to try on my own.

However, I've managed to undertake success in the last 20 yrs with a substantial property portfolio... So I'm doing ok .

Ummm 1999 was a particularly interesting year, some real fun :lol boom boom $$$$$$$$
Taking advantage over those consecutive yrs with fantastic capital gains.

Yeah, it's important to review the situation of things & understand what's going on in the market conditions..as a landlord ive not wanted to increase any rental rates( it would be suicide ) however I've been ok that I'm not in position to decrease my rental rates.

As my Father always said.." look , listen & shut up"

Property investing does have its ups & downs it's afriggin roller coaster ride. It essentially involves long term returns,. I am constantly reviewing with 1 eye in the back of my head.

Yeah ..low interest rate, buzzings of FHB all mean something honey buns...people are taking advantage of the situation.
Yeah there's unemployment yeh retail has not done well, yeah manufacturing has suffered in oz.
Yeah
If you don't know what your doing then you shouldn't. be in investing simple as that.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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Olmule
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foxbat101
21 Sep 2013, 09:51 AM
newjez
21 Sep 2013, 02:51 AM
That's not the one next to Perthite is it?

Is the tourist industry booming too Peter? Not that I have a problem with bottom feeding, just as long as you realise things are cheap for a reason, and you have a lot of cash in your pocket.
Tourism in Western Australia hmmmmmm.
Not sure about that.
Turn arounds can take a while.
Would need the dollar to stay under parity for a while.
Housing in Perth is selling like crazy.
Everything we looked at had several offers on it.
The boom is back.
Peter
:pop:
lol - straight through to the keeper newjez...who would have thought?

Peter are you regretting selling your place in Mt Lawley? By your own reports of the market it seems like you sold out too early.
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MMM
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Blondie girl
22 Sep 2013, 12:08 AM
MMM
21 Sep 2013, 10:57 AM
I own real estate too and probably have for a lot longer than you blondie.

I just don't have all my eggs tied up in the one basket like yourself, a basket that seems like it has now.broken going off job losses and business closers and rental vacancies alone, surely you have noticed this Blondie or would you rather just ignore the facts?
Oooohhh
Why do you think I've got all my eggs in 1 basket...over the last 20 yrs since I was 20yrs old :to:
Psst I've had mainly an interest in real estate but I've got 1 brother who dabbles in shares some fails some joy..nothing to really write home about...but hey I've never been confident to try on my own.

However, I've managed to undertake success in the last 20 yrs with a substantial property portfolio... So I'm doing ok .

Ummm 1999 was a particularly interesting year, some real fun :lol boom boom $$$$$$$$
Taking advantage over those consecutive yrs with fantastic capital gains.

Yeah, it's important to review the situation of things & understand what's going on in the market conditions..as a landlord ive not wanted to increase any rental rates( it would be suicide ) however I've been ok that I'm not in position to decrease my rental rates.

As my Father always said.." look , listen & shut up"

Property investing does have its ups & downs it's afriggin roller coaster ride. It essentially involves long term returns,. I am constantly reviewing with 1 eye in the back of my head.

Yeah ..low interest rate, buzzings of FHB all mean something honey buns...people are taking advantage of the situation.
Yeah there's unemployment yeh retail has not done well, yeah manufacturing has suffered in oz.
Yeah
If you don't know what your doing then you shouldn't. be in investing simple as that.
Maybe you should listen to your father more often blondie :D

You are the same age as me blondie ,yet you want to call me old the other day, guess that makes you old too.

I have got the impression that all yor eggs are in the wa property market , thats what I mean about all your eggs are in the one basket. you only ever go on about perth or wa.

Even if all you had was property but maybe spread some to another state like nsw ,which has always been the strongest performer, mainly sydney of course although yes its expensive.

As for shares ,its not for everybody and is getting so riskky these days, you really cant go long on anything anymore, same goes for silver and gold , you need to look for short term plays which takes big balls and big brains most of the time, but I have shown you guys that there is good money to be had if your on the ball. And its only only a matter of time before it has another big crash or collapses altogether just look how confused the whole thing is, they pump 85 billion in a month just to stop it from collapsing, they bullshit about tapering the stimulus lately, pretending that there economy is actually improving ,just to confuse the sheep even more,then what happens, they dont taper , which proves there economy is still screwed and that they will be going further into debt, what happens then , the market rallies on proof their economy is screwed, yet if they were to taper in a meaningfull way , which would have shown there economy is improving the markets would of dropped , thats shows just how screwed up the whole thing is.

anyway good luck blondie, I dont wish ill of anybody ,just trying to help people see what is really going on.

It looks like the cheaper areas of wa have a little bit more climb left in them thanks to record low interest rates,but not much ,and then what.

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Foxy
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Zero is coming...

Olmule
22 Sep 2013, 03:17 AM
lol - straight through to the keeper newjez...who would have thought?

Peter are you regretting selling your place in Mt Lawley? By your own reports of the market it seems like you sold out too early.
No regrets.
Sold 3 units in Mount Lawley to buy a larger property.

surfpoint.com.au

I look at what i can buy before i sell.
I have always wanted to get a property in Margaret River, just could never afford it.

So Perth is red hot, Margaret River was as cold as a dead fish.

I did the trade, now only time will tell if it's ok.

I hope the people that bought from me do well and i am happy for them.
I hope the property in Marge's does ok to.

The system to me is holistic.

Win win's are always good.

So again no regrets.

I always look at the other side of the coin, what if the units in Mount Lawley had gone down and the resort was up.

Time will tell.

Peter
:tu:
http://www.afr.com/content/dam/images/g/n/2/1/u/8/image.imgtype.afrArticleInline.620x0.png/1456285515560.png
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Kulganis
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foxbat101
22 Sep 2013, 06:37 PM
Sold 3 units in Mount Lawley to buy a larger property.

I have always wanted to get a property in Margaret River, just could never afford it.

I did the trade, now only time will tell if it's ok.


So, based on reports I can find, your son, Ben and his partner Ali own surfpoint.

I find that someone named Alexandre also has a share in the property. (though I suspect he's just the IT guy)

So, really, it's a business that you either have a part share in or you guaranteed the loan for, there are other partners, I wonder if there are more, silent partners too.

Or I could be completely mistaken.

And yes, it is scary what people can find out using the internet.

Edited by Kulganis, 22 Sep 2013, 08:34 PM.
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry

"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
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mango66
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doubleview
19 Sep 2013, 09:18 AM
the listed for rent stat is extremely worrying especially if your levered to the eye balls.

What you gunna do when they come for you!
You mean

What you gonna do when the Big 4 come for you.
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doubleview
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mango66
22 Sep 2013, 08:44 PM
You mean

What you gonna do when the Big 4 come for you.
Yep the big 4's cucumber will be coming for a lot of levered property bulls like a sand paper sex toy!
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