Perth or the sunshine coast???
Jan 21st 2007, 10:58 pm
#16
Just Joined
Joined: Jan 2007
Location: Derby, UK not WA!
Posts: 7
Re: Perth or the sunshine coast???
The only downside is that house prices seem to be rocketing.....
Jan 22nd 2007, 12:01 am
#17
Living in Perthection
Joined: Mar 2003
Location: Wickedy WA WA...
Posts: 1,868
Re: Perth or the sunshine coast???
No Ocean views in Mountain Creek, you'd need Mooloolaba, Maroochydore, Cotton Tree or Alexander Headland to be next to the ocean. There's also lots of smaller places between here and Noosa and here and Caloundra that are really nice.
Can't help on the investment front, I know rentals are few and far between and the owners choose the tenants.
I've just seen a house for sale at $435,000 - it's rented out at $360 per week
Can't help on the investment front, I know rentals are few and far between and the owners choose the tenants.
I've just seen a house for sale at $435,000 - it's rented out at $360 per week
For a house around 400k you cab expect to rent for around $360 pw. This is nowhere near your covering your costs and you will have a shortfall each month of around $700 after agents fees.
The last 12mths have been pretty stable on the Sunny Coast there was a huge boom 3 yrs back since then it has been static.
The Sunshine Coast is a great place to live - but be aware that jobs for certain professions are few and far between. If you are a tradie then you will be fine as there is still lots of building going on. Anything office based etc is harder to find. We have just moved away as my hubby could not find any decent jobs without commuting 1 1/2 hrs to Brissie.
The last 12mths have been pretty stable on the Sunny Coast there was a huge boom 3 yrs back since then it has been static.
The Sunshine Coast is a great place to live - but be aware that jobs for certain professions are few and far between. If you are a tradie then you will be fine as there is still lots of building going on. Anything office based etc is harder to find. We have just moved away as my hubby could not find any decent jobs without commuting 1 1/2 hrs to Brissie.
If I moved to the SC it would'nt involve work, I was thinking more along the lines of trying to buy something now on a decent sized block with an ocean view, with the aim of renting it out over say 10-15years, in the hope that it wouldnt be too long before it became self funding, then moving over and knocking it down or renovating it to live in when the time was right...
Jan 22nd 2007, 12:10 am
#18
BE Forum Addict
Joined: Jun 2002
Location: Gold Coast- the best place in the world
Posts: 3,196
Jan 22nd 2007, 1:09 am
#19
Proudly Deplorable
Joined: May 2003
Location: Alloha snack bar
Posts: 24,246
Re: Perth or the sunshine coast???
I also find rents low here & am amused by how the Aussies think they are so expensive!
Jan 22nd 2007, 3:44 am
#20
Living in Perthection
Joined: Mar 2003
Location: Wickedy WA WA...
Posts: 1,868
Re: Perth or the sunshine coast???
I worked with a guy who owns 5 investment properties in Kwinana but rents a canal front home in Mandurah. He reckons it's not worth buying one of these as they are way overpriced & it is more economical to rent.
I also find rents low here & am amused by how the Aussies think they are so expensive!
I also find rents low here & am amused by how the Aussies think they are so expensive!
Most rents should be about 50% higher than they are, it tends to be the people that think of them as being too low tend to be those that complain everything is too expensive, everything's going to crash, want something for nothing etc etc...
The trouble is there's so much crap rental property out there owned by people that bought 10 years ago for sod all money that they dont care about the state of them, there quite happy renting them out for about 60% of what they would get if they were in a renovated condition, even at those rates there still probably positively geared. They can happily sit on them till retirement knowing the prices are only ever going to increase.
Jan 22nd 2007, 3:52 am
#21
(It's not my real name)
Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
Re: Perth or the sunshine coast???
As long as you don't sell it to my landlord. The next day he'll turn up unnanounced to lord it over you.
Jan 22nd 2007, 4:01 am
#23
(It's not my real name)
Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
Re: Perth or the sunshine coast???
Thanks for asking. We are about to put an offer is on one, maybe two propeties in Iluka we like.
I can't bear to rent anymore after the last 12 months of trauma suffered under my dickhead landlord.
I can't bear to rent anymore after the last 12 months of trauma suffered under my dickhead landlord.
Jan 22nd 2007, 4:02 am
#24
Gutter Gob!!
Joined: Feb 2005
Location: Perth
Posts: 13,098
Re: Perth or the sunshine coast???
super news, really pleased to hear that.
Jan 22nd 2007, 4:05 am
#25
Living in Perthection
Joined: Mar 2003
Location: Wickedy WA WA...
Posts: 1,868
Re: Perth or the sunshine coast???
Have I got the wrong end of the stick? from what your saying it sounds like your buying ? and in WA ??
Jan 22nd 2007, 4:11 am
#26
(It's not my real name)
Joined: Sep 2002
Location: Ilukapool. WA
Posts: 12,467
Re: Perth or the sunshine coast???
With hindsight 4 years ago, when I first came to Oz I would have gone to QLD but now, WA is home.
Jan 22nd 2007, 6:10 am
#27
Living in Perthection
Joined: Mar 2003
Location: Wickedy WA WA...
Posts: 1,868
Re: Perth or the sunshine coast???
All about looking forward and enjoying it now I guess.
Good luck with it, I think you've made the right decision.
If your ready to start looking for a new job now, let me know.
