pegg Posted November 10, 2018 Report Share Posted November 10, 2018 So, im sat here in the UK after leaving Perths mega expensive house prices ..... but things where changing ..... prices where falling . I am a builder/developer and have just bought a cottage to rent out whilst returning to OZ - then with the idea to sell and release funds once settled. Anyhow , so im wondering i like kallaroo area - Then across the highway , beldon , padbury etc ....... hows prices going ? i would love to find somewhere at $399k ??? - $499k . also the banks have tightend up so much overe here - depositwise , you need a massive wedge of casheroo ! But what about overthere - can i get 5% deposit ? 10% or 15%..... I ask as i would like to explore re-training in other work methods ? So, yep hows the house prices ????? And how much deposit ??? Cheers Guys Quote Link to comment Share on other sites More sharing options...
FOL Posted November 10, 2018 Report Share Posted November 10, 2018 Imho don't run before you can walk Take your time figuring out what's wise in regards to relocating (or not). Anyway to get on topic; We've sold our 4x2 with heates pool, max premium solar panels and huge patio in Beldon for 535k a few weeka ago. It was one of the more expensive houses in Beldon while it was for sale. Depending on what you want/need 500k - 535k would be plenty. If you want a 3x1 you may go towards 399k. I don't know, as we were in a different market. Lending is tighter I heard. Frienda boughts their first home last year with an LMI because they didn't make the 20%. No personal experience there either. Ideally it's 20%, so around 100k. 1 Quote Link to comment Share on other sites More sharing options...
pegg Posted November 11, 2018 Author Report Share Posted November 11, 2018 good stuff - as always @FOL, cheers Quote Link to comment Share on other sites More sharing options...
Wa7 Posted November 12, 2018 Report Share Posted November 12, 2018 $500k kallaroo = no chance or a dump that you will then have to spend big on. More chance of something in beldon or padbury although could be small and/or dated also. Maybe look at craigie as well ? Buyers market at the moment but imo that will change in next 12 months. More deposit the better, banks have also tightened up here. 1 Quote Link to comment Share on other sites More sharing options...
verystormy Posted November 13, 2018 Report Share Posted November 13, 2018 You need a deposit of 20% or the bank will require mortgage protection insurance, which is expensive. 1 Quote Link to comment Share on other sites More sharing options...
FOL Posted November 14, 2018 Report Share Posted November 14, 2018 LMI ain't that bad. 5k - 10k if I recall correctly. Craigie mainly older houses often 3x1 or 4x1. Beldon for 500k a decent 4x2 that isn't too modern/updated on decent block of land. I thought padbury was a bit more expensive than Beldon. Plenty of 4x2s there as well. When we bought in Beldon 2 years ago we sidn't think the price difference of houses in padbury were justified. 1 Quote Link to comment Share on other sites More sharing options...
pegg Posted November 14, 2018 Author Report Share Posted November 14, 2018 cheers guys .... well i dont see properties rising over there or here in the Uk for a while , so yep thanks for info guys Quote Link to comment Share on other sites More sharing options...
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