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30-06-2017, 01:09 AM
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Fiat POWAAH!
Join Date: Nov 2005
Location: Western Australia
Posts: 2,309
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Some people got burned hard...but then prices were massively inflated anyway https://reiwa.com.au/wa/port-hedland/6721/ $1.25 million down to $355k in 4 years 😲
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Holden: If you cant beat them, buy them. |
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08-07-2017, 03:53 PM
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FF.Com.Au Hardcore
Join Date: Feb 2008
Location: WA
Posts: 3,705
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Paid $190k. A couple of years ago that very same house was on the market for $2.5 million.
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www.bseries.com.au/mercurybullet 2016 Falcon XR8. Powered by the legend that is - David Winter. XC Cobra #181. 1985 Mack Superliner, CAT 3408, 24 speed Allison. |
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20-09-2017, 08:33 PM
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Lyminge, Shepway, Kent
  
Join Date: Oct 2008
Location: Geelong - Go Cats
Posts: 3,197
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About 10 years ago I had clients working in Port Hedland earning $400k between them. They wanted to buy an ordinary house for $1.1m to stop paying $600 per week in the caravan park. I said, "Buy a nice mobile home for $100k, buy 4 $250k houses for rental in Gippsland where you come from. When you want to leave Pt Hedland it will be because you are sick of it and/or you will be earning less. Don't bank your future on a single location operating outside the norm". They're back, they're set for retirement. The only problem is that kids moved into the rental and aren't that diligent with rent payments. Wish the advice I gave myself was as good!
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Mel Brooks sums it up best; "Comedy is when you fall into an open sewer and die, tragedy is when I get a paper cut" |
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Re: Australia housing bubble
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