Perth Property Boom BEGINS! Where to Buy for Under $500,000 [ 2023 / 2024 ]

The Perth Property Boom Is Just Starting ⏰
In this episode we cover:
👉 How long left in the Perth Housing Boom?
👉 Why this time it is not mining dependent - DATA PROOF
👉 Best suburbs to buy in 2023 / 2024
👉 Is this boom investor driven & will come crashing down?
💰 This video could make you hundreds of thousands of dollars - no spruiking.
✌️ Let me know what you think!
0:00 - Introduction
1:02 - Perth Housing shortage
3:30 - Perth Capital Expenditure
5:29 - What type of property should you buy in Perth?
6:59 - How long will the boom last in Perth?
8:56 - Top 10 suburbs for house price growth?
12:13 - Top 10 fastest-selling suburbs
14:00 - Top 10 suburbs for rent price growth
16:32 - Top 10 fastest leasing suburbs
17:08 - Conclusion
LEARN MORE 👇
💡 I Help People Achieve PASSIVE INCOME Through Property Investing Using Our Unique Data-Driven System, So You Can Confidently Buy Top 5% Growth & Cashflow Property, WITHOUT Wasting Months Doing "Research", Spending Weekends At Inspections OR Dropping $15k On Buyers Agents Each Time 👉 consultingbypk.com.au
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DISCLAIMER: No Legal, Financial & Taxation Advice
The Listener, Reader or Viewer acknowledges and agrees that:
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#PropertyInvestment #PassiveIncome #Australia #RealEstate

[@AusPropertyMasteryWithPK]

❤ JOIN THE COMMUNITY & GET FREE SUBURB TIPS + STRATEGIES 💡 Private Facebook Group With Over 40,000 Clients & Investors 👉 facebook.com/groups/passiveincomethroughproperty 💡 Top Ranked No "BS" Podcast On Spotify/ iTunes/ Google 👉 consultingbypk.com.au/podcast/

[@stevepetreski]

Watching this video 24 months after I purchased 2 properties in perth. One is up %50 in 24 months , the other roughly %30 in 18 months. Amazing

[@AusPropertyMasteryWithPK]

Nice work man

[@albs6989]

I’ve purchased a property in Perth (Canning Vale) around April 2023. It was a 3/2/2 unit for $435,000. The value of the property increased to $500,000 . Last I checked, the cheapest 3/2/2 unit for sale in Canning Vale is $539,000. Almost a 100k increase within 7-8 months?!!

[@shelby6622]

You're telling us this because......?

[@albs6989]

@@shelby6622 sharing experience in regards to Perth property growth. Not bragging. Move on.

[@thatsamazing8773]

It's abt 600k now...crazy prices.

[@testicool013]

And next step is the Australian dollar collapsing and you are now living in a developing economy like Thailand or Malaysia

[@albs6989]

@@testicool013 Where is the fact? Supported by? Australian bank is conservative. The Government will not allow crash to happen even with the rise of interest rates. A rough total of 8tril in the housing market in Australia less than 15-20% is bank owned. I doubt there will be a crash or collapse. Stop spitting facts without prove sir. It is not very intellectual of you.

[@Jimbeamer6969]

Great video. What do you think of Lakelands WA? I've bought a dual occupancy house there.

[@123danle]

Great content!

[@ShanAF0061]

Another great video, PK! What are your thoughts on properties under $600K in the Baldivis area nowadays?

[@alizamun1]

What do you think about Forrestdale, its building into a nice industrial area. The new business park and couple of housing societies are fully sold out. plus western power and few other big companies are building offices there.

[@alexmarandi7669]

Thank you for your gold mine info. Wondering where we can get those data and graphs?

[@markmikhaeel]

Well done, PK👏 ✔️

[@AusPropertyMasteryWithPK]

Cheers

[@DisciplinedLion]

Great video. Interstate investor purchased a property in Perth 2 years ago and I’ve been contemplating if the usual Perth cycle will continue and should I sell it in a couple of years. This video is already giving me a different perspective. Much Appreciated

[@Forster45]

Great video thanks

[@AusPropertyMasteryWithPK]

Glad you enjoyed it

[@jaaphekker916]

awesome video!

[@AusPropertyMasteryWithPK]

Thanks!

[@bencanty8771]

Thanks PK. Great content, especially for people that are not your students. Some absolute gold for them to think about.

[@AusPropertyMasteryWithPK]

Thanks man..

[@varuninnz]

I just love and enjoy watching your videos. You've definintely motivated me to explore Perth, as somebody living in Sydney. I honestly don't mind buying a ~500K house that's within 20km CBD in contrast to a $1.5 mil house in Sydney. The rising intrest rate won't bother me as much on $500k property in comparison to a 1.5 mil property. Even if the property price falls 20-30%. I know I can pay off the loan much faster by offsetting with my regular work and renting income. Above all at the end of the day I've got a roof over my that's providing me with a rental income. Thanks for making these videos man. Really simple and easy to follow.

[@AusPropertyMasteryWithPK]

Don’t worry about it falling.. on my previous video I shared how Perth falls less than Sydney :)

[@febypaul4833]

Hi PK keep up your good work and thanks for helping people like me through ur video . Can I ask you a question if that’s ok . What is ur opinion about a 2x1x1 unit in Glendalough WA for 3K ??? My borrowing is compromised max 3.5K . Thanks 🙏

[@karthikgopal3584]

Hello PK, please advise on properties in Westminster. It is just 12 km cbd

[@stapledtogether]

things are crazy in perth right now, im trying to buy my first house. Double income, no kids, average wages and struggling to get into a place its VERY competitive. im in my early 30s and had to move back into the parents house due to not being able to land a rental.. have decided to buy now because we have plenty of savings but its really tough. The amount of immigration is very noticeably causing more competition in the housing market both renting and buying.. there is quite simply far more people than there is house and houses being built

[@leonie563]

Find the area/s you want to live in or invest in. Network Agents in those areas like speedating weekly and get preapproval ready. Some of those Agents may have "Coming Soon" stock, get on that list too. Keep reminding them you are ready to move and rough guide of budget. They know the Owner/Vendor motivations. It's literally matching you to the Vendor. Keep going.

[@kirk1canedo]

I bought property started back on 2020. Now I got 3 properties all in Perth. I made all up 250 k in 3 years

[@AusPropertyMasteryWithPK]

Well done!

[@MrRichardhood]

I brought in Wellard September 2022 for 369k current value 465k ($460 rent) first time property investor looks like watching your videos have paid off. Also just brought in Secret Harbour a month ago under market value house needed a paint didint present well but that can be changed when sell it. Thanks PK

[@AusPropertyMasteryWithPK]

Thanks for sharing!

[@mushy111]

Well done! WA seems to have a long way to go. Buying in the 3s, 4s, 5s, 6s even 7s seems insane on the east coast. Even in regional cities!! I'm lucky enough to be in regional NSW for 1.3m and 1 bedder apt in Bris for 350k.

[@ChrisJensen-qx4uf]

Bro got any advice - 200k deposit 50k salary per annum ? 450k purchase price

[@christian-jf7nu]

how do you feel about eglinton or the alkimos area? looking at buying a IP here

[@frankwhite3154]

Someone who bought in Alkimos recently told me that it's the only suburb with train, fwy, beach and shopping centre in Perth. I bought a block on Alkimos Beach recently and the almost identical block went up by 40k on the next release 10 days later. Almost impossible to pick up a block in Perth developments atm with investors snapping up everything pre-registration. I'm bigger on Yanchep than Eglington due to greater access to facilities etc. Yanchep is very developed now and has a premier family beach in Yanchep lagoon + gold course.

[@kavindagunasekara1384]

What do you think of Melbourne property market.. When do you think it will start to pick up.. Can you please do a similar analysis

[@AusPropertyMasteryWithPK]

Will do soon

[@tonynikolov4270]

Love your content mate. Do you think maddington still has future growth in the next 5 years?

[@AusPropertyMasteryWithPK]

Yes!

[@tonynikolov4270]

@@AusPropertyMasteryWithPK awesome thanks

[@gothops2632]

PK, would you say forget about units in the more affluent suburbs of Perth fairly close to the cbd?

[@rknadella03]

PK have similar question, could you post your view?

[@AusPropertyMasteryWithPK]

They make sub standard cap growth over medium term

[@Irfan-Awan]

I couldn't find Secret Harbour. Any comments on that.

[@fredsalfa]

Thanks for that PK. I have 2 properties in Perth and about to buy a 3rd all pretty much paying for themselves

[@AusPropertyMasteryWithPK]

Well done my friend

[@12345xfire]

Our property in Rockingham has gone from 420 to 485 already. Would you recommend another property in WA or try to diversify to another state? (We also have one in regional QLD)

[@AusPropertyMasteryWithPK]

Perhaps on the north side subject to your strategy

[@ricr.96]

Why so much?

[@12345xfire]

@@AusPropertyMasteryWithPK Cheers PK.

[@eramitsingh1985]

How about South Yunderup suburb ?

[@oddbunch6419]

Would Hammond park price rise in 5 years?

[@gogglygo]

Just clarify the 20,000 number for rental properties, is that currently listed properties or is that overall number of occupied rental properties?

[@AusPropertyMasteryWithPK]

200,000 total rental properties. Used to be 220,000. Number listed is sometimes less than 1-2000

[@OilBaron100]

Bought a house in Calista, South Perth, in July. Market is so hot around there. Every house for sale gets multiple offers.

[@AusPropertyMasteryWithPK]

Well done! That’s a good spot!

[@OilBaron100]

@@AusPropertyMasteryWithPK thanks :-) It’s a nice area too, I went there myself.

[@Edi_digity]

I also bought there in May for 400k Had a valuation the other day for 480k 🎉

[@OilBaron100]

@@Edi_digity wow, that’s fantastic. Congratulations. Three bedroom house?

[@d.j.z.j]

Been like this for 2 years . We biught in beeliqr in 2021 and gone up 150 k

[@hsvracer]

Perth is absolutely bolting away, haven't seen a place last more than a day or 2 on the market and I'm seeing prices 10-12% above local market prices, driven by us East siders. Where to after Perth, Morton Bay Qld or Adelaide & surrounding suburbs?

[@shelby6622]

Here's a thought. Can you stay on the East Coast?

[@hsvracer]

@shelby6622 already have a few over this way, a few in WA and SA but like the results we've seen west side... just not liking the WA FOMO right now.

[@Pelusacollective]

I bought a house in St James Perth in June as an investment the price growth has risen $40K AUD in 3 months, don't regret it.

[@AusPropertyMasteryWithPK]

Very nice!

[@spiritinmotion1327]

Growth = stampduty and associated transfer fees paid by the newbie who bought your neighbours property.

[@Pelusacollective]

@@spiritinmotion1327covered in 3 months

[@Patrick-rr6sl]

Is Perth = within 20ks of cbd?

[@ChrisJensen-qx4uf]

What would u advise for someone with 200k for depsit first home buyer or investment earns 50k a year

[@AusPropertyMasteryWithPK]

Get into a property around 300k

[@jungvary]

Sold in Two Rocks June 2021 ( subject to clause, allowed buyers to break agreement were paying $300!week rent) Back on market 2023 for $550k+ Looks like $200k increase in 2 years

[@AusPropertyMasteryWithPK]

Nice!

[@hackgolfer7352]

Great video. Looking to buy in Tapping but every house goes under offer within the first open along with a lot of other suburbs. Some good schools there and decent proximity to a lot of other shops etc. Would you recommend that for budget under $700k? Thank you

[@AusPropertyMasteryWithPK]

Tapping has amazing schools! I have some videos of clients buying there at $500k 2 years ago! Not sure I can recommend it above $700k

[@hackgolfer7352]

Thanks mate! We'll focus sub $700k within walking distance to schools and shops:) @@AusPropertyMasteryWithPK

[@paultheman3497]

Just signed up for phone call for your course but received no confirmation email….

[@AusPropertyMasteryWithPK]

Hey Paul I replied to your email - maybe the confirmation email went to junk

[@spiritinmotion1327]

It looks like the equity yield or supposed capital growth of most properties is primarily composed of the accumulated stamp duty and transfer-related fees from previous property sales in the area. A property originally priced at 1 million dollars, resold five times with transfer fees amounting to 4.6% of the property's value plus an additional $10,000 in each transaction. By the fifth sale, the property would be listed for a minimum of $1,295,000, and the same value is applied to all similar properties in the vicinity. This is the so-called capital growth.

[@AusPropertyMasteryWithPK]

What if it only transacted once with a 30k stamp duty yet rose in value by 200k in 2 years

[@ausairman]

Why would you buy a property and then list it for the purchase price plus stamp duty?

[@spiritinmotion1327]

@AusPropertyMasteryWithPK that can happen. I'm not trying to give a finite explanation for all growth. Again, if similar properties in the neighbourhood have been resold several times, that would influence the growth of my dormant property. This is because none of the resales would be done at a loss.

[@spiritinmotion1327]

@ausairman i could if i have 5 other similar properties in the same location that would benefit from artificially produced growth by one property being flipped around through different owners.

[@alecdavison1501]

I don’t get this.. if it was overpriced it most likely wouldn’t transact?

[@vaibhavi00]

How about queens park/east cannington 3-1-1(400 sq mt land) for 550k ? Should buy ir avoid… please reply asap if you can 🙏

[@therealcool1144]

Yes buy it, property always go up. Don't mind the investor insolvencies on the rise everywhere, except perth.

[@vaibhavi00]

Yes i bought it for 510k 😌✅

[@therealcool1144]

@@vaibhavi00 good luck, hopefully you don't become insolvent like melbourne landlords

[@vaibhavi00]

@@therealcool1144 loan is only 380k out of 510 k… we already got the tenant moving in soon 550 rent weekly.

[@paulinezheng2224]

It's hard to find the low price of house in Perth now, they all gone up

[@d.j.z.j]

Perth best place to live in Australia

[@emp731]

It was in the 80's

[@joeheavens]

Do anyone think safety bay would be a promising suburb. The surrounding suburbs are performing well.

[@matthewgibbons5563]

Anywhere Rockingham to Mandurah will do well.

[@shelby6622]

So after Mandurah won't do well is that what you're saying?@@matthewgibbons5563

[@JuneJuneyJunJune]

Curious why did you recommend anywhere between Rockingham and Mandurah?

[@jennyhill8530]

It is very difficult to buy housing in Perth due to investment from eastern states. Property buyer agents are snapping up properties within 3 days. I am trying to get one so that my kids have a home in the future, but I'm finding it is impossible. Just please be aware what eastern states are doing to our housing issues.

[@AusPropertyMasteryWithPK]

Actually investment activity is super low in Perth. 20k less rental properties than 2 years ago. It’s immigration. But you are right in that interstate investors are more active than local investors

[@shelby6622]

Plus, you're competing with Eastern Staters who can pay for the house with cash as well, it's absolute insanity atm.

[@tremithanairmenon7749]

Hi your programms are very good.can you please suggest me which suburbs are good to buy from the list Price range 450-485 Ellenbrook, Byford, mount nasura

[@AusPropertyMasteryWithPK]

Happy to as a client 😊 alternatively almost 1000 free videos right here

[@frankwhite3154]

Sta away from Ellenbrook. That's if you haven't bought already :)

[@brettharman3909]

Falcon 6210

[@hemavenkat5427]

Can we invest in Geraldton area??

[@AusPropertyMasteryWithPK]

Don’t be tempted by mining towns

[@ian7033-qj9wg]

Huge socio economic issues, I would steer clear. And no, Geraldton is not a mining town.

[@camsecu5237]

I'm going to buy a property in Perth which is under 600k and then flip it by 2025. Do you think this is a wise decision? Considering all the expenses such as, CGT and stamp duty, etc.

[@AusPropertyMasteryWithPK]

Why not keep it and enjoy passive income?

[@camsecu5237]

@@AusPropertyMasteryWithPK Things don't look good 2025 onwards.

[@AusPropertyMasteryWithPK]

@@camsecu5237 that’s not what I’m seeing. All markets go up down sideways. Point is not to sell your golden goose

[@lalachor1]

I just bought a double brick house for $480k (3×1) on 740sqm in Maddington. Do you think it will have a good run in the next 2 to 3 years?

[@AusPropertyMasteryWithPK]

Love that suburb! Can’t get much decent under $500k now

[@lalachor1]

@AusPropertyMasteryWithPK thank 😊 Is it a wishful thinking to see this suburb median price growing past 600k in the next 2 to 3 years?

[@zentriffid]

Whats the zoning? R20 or R40? Makes huge difference.

[@lalachor1]

@@zentriffid r17.5

[@masohel9992]

Baught in Maddington 5 months ago 4 bed and studio attached 751 sqm for $430k & rental return $640. Thanks pk

[@southern-sunshine]

Investorkit biggest proponent of data based research are not buying in Perth. It appears they are biased against Perth as a whole no matter how much data is pointing towards it. Investing 101 says don't be emotional in your investment decision. What's the point of data if you have missed 30-50% gain in last 18 months

[@AusPropertyMasteryWithPK]

Not to mention next 10 years these properties will more than double. Lots of “data-driven” buyers agents doing their clients a disservice. Meanwhile they are buy them 600k properties with under 5% yields on the east coast

[@southern-sunshine]

@@AusPropertyMasteryWithPK they have good track record in the past. We should give credit where it is due. But regarding Perth they have completely got it wrong,

[@AusPropertyMasteryWithPK]

@@southern-sunshine when you have long waits list of clients, buyers agents choose easy places to buy rather than hot markets, cause you get paid per deal, not the ROI made for the client

[@lee.j7077]

So I under there’s no mining boom in Perth right now but there also isn’t a bust,what happens if that mining bust does happen,i imagine there would be a lot of job loses as it’s not just miners that lose there jobs it’s a flow on effect,it’s happened before hopefully it doesn’t happen again

[@AusPropertyMasteryWithPK]

Your sentence doesn’t add up. There’s no influx of mining jobs like last time..

[@lee.j7077]

@@AusPropertyMasteryWithPK yeah I understand there’s no influx but that doesn’t mean mining can’t get drop right off

[@AusPropertyMasteryWithPK]

@@lee.j7077sure, but that’s like saying jobs could drop off in the IT sector or any other sector. A diversified economy is what prevails

[@emp731]

​​@@AusPropertyMasteryWithPKthat's what he is saying...Iron ore price drops..The who economy goes DOWN big time.. Australia is only propped up by the iron ore...So the I.T sector scenario you made makes no sense..

[@AusPropertyMasteryWithPK]

@@emp731 already established in the video Perth is diversified from simple iron ore. We have to base discussions in a premise established. Otherwise debate the original premise. See video

[@bassmovementhq3742]

purchased in seville grove august last year 4x2 for $380k on 600sqm. Should probably get a new valuation done soon on it lol

[@AusPropertyMasteryWithPK]

Well done!

[@MegaShakoor]

Watching this now when everything goes through the roof i am too late in the game

[@AusPropertyMasteryWithPK]

Depends on suburb

[@d.j.z.j]

Good luck in the 500 to 600 k. Armadale areas and oreiloa etc that pk talks aboit is pretty inflated atm so you needd to be quick to get a bargain. Buy an older stable house and do it up with 20 k cash to reno it to increase value .

[@AusPropertyMasteryWithPK]

Early bird catches the worm

[@marialydia2548]

I think you missed it, it was just around $300k. The price just went craaaazy.

[@emp731]

​@@AusPropertyMasteryWithPKSecond mouse gets the cheese 🧀🪤

[@AusPropertyMasteryWithPK]

@@emp731 I like that’

[@jamesmarron6499]

Tried to sell my house in perth in 2022 before i moved to brisbane. I was asking $470k and it didnt sell so i decided to keep it and rent it out. It goes on the market next week for $630k. Sell before i have to pay capital gains. Im buying another house in Brisbane. All perth has above other states is migration. Not the best place to live thats for sure.

[@d.j.z.j]

❤❤❤❤

[@williamcrossan9333]

Perth property boom begins? 6 months ago, cheapies were getting 30 plus offers! Open homes started getting busy in November, December 2020! The Perth boom began 3 years ago.

[@AusPropertyMasteryWithPK]

Watch the video. City wide Prices weren’t rising 10% plus in 2020 or 2021 or 2022 I know because we started buying there jan 2021 ☺️ Just cause it’s rising doesn’t mean it booming

[@malikshabazz9588]

@@AusPropertyMasteryWithPKgood answer PK, yes things have risen from a very low base in 2020, but we are still cheap, and as you point out 2nd cheapest median in oz.

[@casperlow2642]

What would you advice first home buyers? Or folks who are wanting to buy their PPOR? Wait or buy now?

[@williamcrossan9333]

Now that's an interesting one. If we go back a long way, say to 2007, Perth is really only up around 60% in that 15 to 16 year period. Contrast that with Brisbane or Adelaide! The big issue right now in Perth, is a first home buyer trying to buy in Rockingham, Kingsley, Beldon etc. or something like that, will have 20 plus offers to deal with! RE agents will eat them for breakfast! The best thing to do in my view, is rise above, and try and buy in Mt Lawley, or Burns Beach, or Scarborough, City Beach, (pick your suburb) and go ABOVE 1.5 million. That's a much better value segment in my view. Or if you have a low price point, think about going against the grain, and buy an apartment in Leederville or something. Even a Villa in Doubleview. The reason why these are cheaper, is that "The Property Couch", with Ben Kingsley, and Bryce Holdway, have now infiltrated the mindset of everyone! So no one buys off the plan, new house and land, or apartments. So now those are better value!@@casperlow2642

[@user-Rocket-Fest]

Imagine the folk that purchased in the 70's dive called Craigie in the 80's for $55,000 on 800 sqM blocks now selling Norff of $800,000 🤣🤣🤣🤣

[@dazrox6084]

Rent growth is irrelevant when you can't increase it for 12 months now under new state government laws. Cash flow is a challenge for many investors.

[@AusPropertyMasteryWithPK]

Many states you can still increase more often

[@ian7033-qj9wg]

As a long term landlord I have never increased rent more than every 12 months. If cash flow is a challenge for you within such a short period of time I suggest you look at other investment alternatives besides housing.

[@mohitraghavnz]

2011 to 2014, perth had massive rise! 2014 to 2020: most suburbs were shit. except a few good suburbs. I bought property at 2008 price in 2020. in short, u can loose lots of money!

[@AusPropertyMasteryWithPK]

That’s like anywhere. In fact Perth doesn’t drop as much as Sydney (graph shared 2 videos ago 😊

[@mohitraghavnz]

@AusPropertyMasteryWithPK it didn't because there weren't as many speculators in Perth. However, look at mining towns where prices have not recovered yet. Perth houses have recovered to 2014 level in some suburbs now. that's almost lost decade!

[@AusPropertyMasteryWithPK]

@@mohitraghavnzyes stay clear of mining towns. A lost decade indeed, just like 2004-2014 in Sydney.

[@mohitraghavnz]

@AusPropertyMasteryWithPK Perth is mining town too. Perth will fall and when it does, recovery will be much longer than Sydney. however, it will not be painful for people like me who bought at bottom but it will be painful for those who buy now. So, good buyer agent like u is important. I would stay away from the suburbs listed as those are the ones that stay empty for months as you will not find good tenant. I have seen houses destroyed by tenants in these suburbs over the years.

[@AusPropertyMasteryWithPK]

@@mohitraghavnzyou clearly didn’t watch the video. Or any of my Perth videos. If you’re humble, watch them. 2 years ago I did one showing the diversification of modern Perth. Also I’m not a BA, cmon bro

[@marknikoloski1268]

Will Armadale grow like another 70k or more by January or February 2024

[@AusPropertyMasteryWithPK]

Likely!

[@Sam-qr1zh]

Redfern is NOT one of the best suburbs in Sydney.

[@AusPropertyMasteryWithPK]

It’s certainly one of the most expensive. Which is my point. Crime is still high

[@TMY_GUY]

FYI - The mining industry doesn't use or like the word "boom" anymore.

[@AusPropertyMasteryWithPK]

I’m sure

[@coasteyscoasteys4150]

TMY Gender neutral?

[@Drakesy]

How to ruin a housing market 101

[@AusPropertyMasteryWithPK]

Step 1: Australian govt

[@TiaKeith]

As a first time home buyer here in Perth Australia. with 100k deposit. in a market where 1x1s start at 180k. 2x1 start at 250k. Apartment 3x2 are 400+. House 3x2 are 500+. What do yall reckon I should buy? Obviously with the huge interest rate at the moment taken into consideration. I'm constantly at war in my head between buying 3 options. A. 3x2 / 2x2 in the city. Apartment in a big building. For 400-450k. (nicer quality) B. 2x1 Apartment in the city. 280-350k. (Low-med quality) C. 3x2 House with super tiny land size razor close to neighbors 10 minutes out of the city. 500-575k. (Med quality) What do you guys reckon?

[@jeremyshirazee]

Depends on your lifestyle, comfort around repayments and how long you will think you will be there. Option C is going to give you more flexibility and a larger buyer pool in the long term. Likewise, if you have a family or plan to, you can make the 3x2 work for longer and not be forced into selling because you are outgrowing it. My two cents as a Perth agent. Good luck.

[@shelby6622]

You think you're buying a 3x2 10 minutes from the city for 500k - 575k?

[@TiaKeith]

@@shelby6622???

[@yabbadabbadoo8225]

Bezos, buy in gloom sell in Boom, never fails, Perth will tank again, it's too remote not too. Wages no longer keep pace with the property markets, have not since 2003 Only buy what you can afford on 1 income, use the 2nd income to blitz the mortgage down After about 10 years you'll be in Ezy street. Done the Boom Bust cycle 3 times I'm tipping the next Perth peak will be around the ave value of $750,000 mark Wages in Perth cannot support much more than this, happy hunting.

[@AusPropertyMasteryWithPK]

Wages in Perth are higher than Sydney

[@yabbadabbadoo8225]

@@AusPropertyMasteryWithPK don't confuse Mine wages with city pays I can assure you that wages in Sydney are much higher.

[@AusPropertyMasteryWithPK]

@@yabbadabbadoo8225 actually wage information in Perth is available by industry. You can check it for yourself on ABS

[@yabbadabbadoo8225]

@@AusPropertyMasteryWithPK all my contacts in Syd earn way more in their professions than here in Perth, like $30 to $50k more per ann. Which fields or trades are you discussing?

[@AusPropertyMasteryWithPK]

@@yabbadabbadoo8225 you can do the analysis yourself from ABS rather than using a small sample size

[@jimmybrad156]

Buy Bitcoin instead, or borrow against your place and buy Bitcoin. Will continue to outperform.