Australia property bust looming, page-320

  1. 28,448 Posts.
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    I’m north of Perth, pick any of the towns up to and including Kalbarri.

    They are all down 30-50% from their peak.

    $420k will get you a 1012 sq mtr block with a old beach shack across the road from the ocean 200mtrs from the jetty, in my town.
    The house next to it is on market for $595k, same size block with double brick, suspended slab home.

    It would cost more to build the house than to buy it ( it was built around 1990).
    Both have big sheds at the back and the brick house even has 3 phase power.

    I would like to buy both but my money tree out the back is looking a bit withered at the moment.
    Last edited by zipperlip: 14/11/17
 
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