Mandurah buying blow

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Mandurah buying blow

Follow along with the video below to see how to install our site as a web app on your home screen. Note: This feature may not be available in some browsers. Forums Search forums. Media Search media. Members Current visitors. Log in. Search titles only. Search Advanced search…. Search forums. Install the app. For a better experience, please enable JavaScript in your browser before proceeding. You are using an out of date browser. It may not display this or other websites correctly. You should upgrade or use an alternative browser. Good buy or bad buy? In Mandurah WA. Thread starter mandimoo Start date 5th Nov, My husband and I looked at a high rise apartment a week ago in Mandurah WA, we really liked it but did not do anything yet as we wanted to check that we could use it as holiday accommodation. Anyway the apartment is sqm and a 3x2, it was built in the early 80's and although it has been painted and has new carpet the bathrooms and kitchen are original and we would need to renovate before we sold it. It has a large balcony with views of the estuary and the ocean, all rooms in the house except for the main bathroom have ocean views. It would be the cheapest price that one of these apartments has sold for in a long time due to the market being very bad and that the apartment was inherited and the new owners want to offload it because of the strata fees. My question is I suppose, given the information presented would you consider buying it based on hopeful capital gains or for a holiday home or do the negative cash flow and poor market make this apartment too much of a risk to be a bargain? Also what do you think of Mandurah in general Halls Head if you have properties there? You might notice that I ask a lot of questions, sorry! I am hesitant to ask family besides my mother who as a single mother on a teachers wage owned 3 properties outright! Kudos to her. I would not purchase the property in question. Peter Parker. Dropped into Mandurah last month - never seen so many FS signs in my life. Had a bite at a nice cafe and they've got a good second hand bookshop down one of the arcades back from the foreshore. I don't mind the place, though I still think of algae and mozzies. My husband and I looked at a high rise apartment a week ago in Mandurah WA, we really liked it. Click to expand Well to be honest we are mostly interested in it for our personal use, we would rent it out for the first year or so at the low rent our 3rd baby is due march 3rd so I do not want to be stuffing around with an apartment and after that we would renovate it and probably use it for a holiday home and put it on Stayz etc to get some income. I am good with my marketing so I have high enough hopes of low vacancy. Mandurah has really copped it lately with the prices, which I assume is because it is so far from Perth, during the boom some of the same apartments albeit modernised ones sold for k. We have a lot of baby boomers due to retire in the next years or so, I would hope that Mandurah may be attractive to this new generation of retirees, and even if the price never picked up I still think we would have found a cheap escape for ourselves that we could enjoy for a long time, I know it isn't as cheap as going overseas once a year but at least we don't have to pack or get a housesitter to feed all of our animals! By the way when I said my family were inexperienced with property investing I meant my father and my in-laws, my mum has never been afraid, she was lucky though, she made a heap from that crazy boom! I'm not sure why you would want to holiday in mandurah?? As a place to invest? I think mandurah has bottomed out and there are great deals to be had there. Ausprop said:. Not sounding too bad at all Ian WA. However, all I glean from those questions is that you are very, very unsure of many, many things related to real estate investing and to this end all I see is you getting burned and badly. The apartment as a 3 x 2 is only sqm If hubby is on good money, then go speak with a buyers agent or someone of that ilk who has half a clue so that you can put your money into a property where you don't have to ' The strata fees are obscene for a view over the mosquito flats Then they all realised that the place is an ants nest, over-rated and a bloody long way from Perth, so with that and the onset of the GFC, all the cane toads decided to, or had to, liquidate their spiffy apartments due to their war chests of shares and managed funds sinking faster than their fat backsides into the plush leather seats in their Audis. Mandurah pricing around was totally, totally insane Yes, you may well be buying in at the bottom, but all you're gonna do is keep going further down into the septic tank while blowing money hand over fist. I'm with the other responders in this thread Sorry, but you're only asking for trouble. Let me see if l can add my 2 bobs worth. The Mandurah market has been slashed at the throat to say the least. I am one who is bleeding. The apartment market is way over supplied plus so many paople have realised that its not necessary to live in an apartment here cos there is no shortage of land close to the action weather its beach, estuary,bush or cafes that you want to be by. You can buy any number of units new or near new at bargain prices at the moment. You want to use it for holidays, will that be at the same time every other family want to holiday as well? How many weeks holiday a year will you be taking in Mandurah? Look at a few of the big blocks up for sale. Dont put a noose around your neck by buying this unit for the reasons you have posted. There is so many properties for sale here. Look at little longer and think with a business mind not a holiday mind. It should be screaming at you. I live on the beach side of town now and love it. There is houses closer to the beach than me in really good nic, brick tile sq mtrs 2 streets to the beach and they want low ks. Re read Spidermans post. He,s a wise spider so take note of what he has said. Ok theres my bit good luck cheers yadreamin ps Spiderman hope you enjoyed your visit to our very pretty liitle village. Somersoft has been archived - you can continue the discussion at PropertyChat. Similar threads O. Bondi apartment as first IP Replies 18 Views 4K. Where to buy in Perth? Replies 44 Views 8K. Newbie question: strategy and preparing for Sydney's top. Replies 8 Views 3K. House or townhouse. Elke 7th Jun, Where to Buy. Replies 2 Views 2K. OTP Apartments Newcastle. Replies 12 Views 2K.

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Mandurah buying blow

I love the ocean, I love boats and I love being outdoors. Fourteen years ago my dad bought into the crab fishery and I first leased his license then luckily was able to buy my own. I love the challenge of commercial fishing. You never know what the day is going to throw at you from the weather to the behaviour of the fish themselves. Freshness is the best thing about the seafood you can get in Mandurah. One of the things that makes Mandurah seafood so good is the high level of quality control. The industry worked hard to gain sustainable fishing accreditation from the Marine Stewardship Council to ensure our stocks are protected now and into the future. I think the best thing about Mandurah is the estuary. I also love the hub of bars and restaurants at the base of the new bridge. Where we live in Falcon, the kids have kangaroos at the back door, the ocean over their right shoulder and the estuary over their left. Mandurah is the ultimate aquatic and nature playground. Trip planning and experience making is easy with our destination information guide. Sign up for our e-newsletter and get your FREE Guide with the top 20 things to do, including a map with free parking spots. Sign up for our e-newsletter and be the first to know about local secrets, exclusive offers, and exciting events. Skip to content instagram facebook youtube. How the locals like it. Damien Bell , Bellbuoy Seafoods. Discover how the locals like it. Download Your Guide to Mandurah! Find more inspiration. How the Locals Like it. How the Locals like it — Rhys Williams. How the Locals like it — Ivan Zoranic. How the Locals like it — Purri Gould. How the Locals like it — Jason Hutchen. How the Locals like it — Barb Thoms. How the Locals like it — Daniel Wilkins. How the Locals like it — Damien Bell. How the Locals like it — Krista Nicholson. How the Locals like it — Lyn Beazley. How the Locals like it — Jodie Pantaleo. How the Locals like it — Guy Jeffreys. How the Locals like it — Emma Blyth. How the Locals like it -George Walley. How the Locals like it — Felicity Evans. How the Locals like it — Justin Langer. How the Locals like it — Ben Dougherty. How the Locals like it — Jos Coufreur. How the Locals like it — Natalie Adams. How the Locals like it — Maitland Hill. How the Locals like it — Ian MacPherson.

Mandurah buying blow