Dean001 Posted April 1, 2015 Share Posted April 1, 2015 Hi all, I am looking to move to WA within the next 18 months and would like to know if anyone on here has purchased a house before they moved over? My family live in Perth and could manage the house as a buy to let. They are renting right now whilst their new houses are being built and found good rentals are snapped up straight away. I have a visa already and only holding back on the move due to a recent promotion which will benefit my move in the near future. Thanks in advance Dean Quote Link to comment Share on other sites More sharing options...
newjez Posted April 1, 2015 Share Posted April 1, 2015 As long as you trust your family. Don't see why not. But from what I have heard it is a renters market. Lots of stock around. Times have changed pretty drastically from a year or two ago. Quote Link to comment Share on other sites More sharing options...
srg73 Posted April 1, 2015 Share Posted April 1, 2015 1, you will pay higher stamp duty tax for investment property. 2, the government are looking to impose tax on off shore purchasers which you would be. S Quote Link to comment Share on other sites More sharing options...
dxboz Posted April 1, 2015 Share Posted April 1, 2015 House prices are dropping in Perth and it is definitely a renters market now with an abundance of rental properties for let - rental prices are also dropping Quote Link to comment Share on other sites More sharing options...
Roberta2 Posted April 1, 2015 Share Posted April 1, 2015 House prices are dropping in Perth and it is definitely a renters market now with an abundance of rental properties for let - rental prices are also dropping Yes, the iron ore price is continuing to drop, so house prices in Perth will continue to fall. Quote Link to comment Share on other sites More sharing options...
JockinTas Posted April 1, 2015 Share Posted April 1, 2015 I saw a report about that on TV last night. Perth house prices dropping - Sydney and Melbourne house prices continue to rise. How long can that last? Quote Link to comment Share on other sites More sharing options...
Roberta2 Posted April 1, 2015 Share Posted April 1, 2015 Good question. About 90% of loans are going to investors, but rental yields are quite low and unemployment is rising. The Sydney property market is a big headache for the RBA. With the economy slowing, it wants to reduce interest rates to record lows, but knows this will further fuel the house price rises in Sydney. Because we haven't had a recession for more than twenty years, many people still think that property prices can only go up. Anyway, lack of housing affordability in Sydney is beginning to become a major political issue. It's linked of course to the great debate about tax. No one doubts that stamp duty is a highly inefficient tax. It was supposed to have been abolished more than a decade ago, when the General Services Tax came in. Quote Link to comment Share on other sites More sharing options...
newjez Posted April 2, 2015 Share Posted April 2, 2015 I saw a report about that on TV last night. Perth house prices dropping - Sydney and Melbourne house prices continue to rise. How long can that last? In Sydney? It'll go on at least until the US raise interest rates. Quote Link to comment Share on other sites More sharing options...
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