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home truths : aussie property heading for apocalyptic fall, page-9

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Malaga

6,098 Posts.

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26/11/14

20:26

Post #: 14359550
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Originally posted by zipperlip ↑

Northern coastal suburbs of Perth seem to be dropping in the last year..

Another 10-15% next year is plausible but not a given.

Have been watching for a couple of years as I'm needing to buy a second house in next year or so..

Will be only borrowing half the money so a drop would be ok for me. Might be able to get a better house or closer to the beach..

Will be very surprised if it doesn't go up a bit by the time I sell it in 15-20yrs though...

Before anyone bags me for what ever reason just remember you don't really know my reasons for buying and what's good for your investment style might not work for me (you might be richer or poorer).

Timing is everything regardless of investment (property,business or shares)

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Zipper be careful what you buy in the Northern suburbs. Do not buy a big Mc Mansion as they are fast becoming the white elephants of the property sectors. Walking distance to a train station is the go.
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