I bought a unit in Bayswater about 9 months ago for about 140k, since then a few others have sold in the same complex for around 160 - 170k (unrenovated). I'd say mine would be valued a bit more due to renovations and other additions. I have about 50k in equity and now looking the invest with my bf, but have to hold off for 3 months due to him starting a new job, which means prices increase even more by the time we can get a loan. Any suggestions on areas to buy in? I was considering Balga area.
Back on the subject of builders, I had a look at some display home in Ellenbrook the other week. Very pretty, but have a closer look and you can see alot of defects, you would think they would try getting things perfect for a display home. This was another option we were looking at to invest with. We decided against it for an established home. Buliding just looks like a big hassle and too stressful, plus you don't know how long they are going to take and you could have someone in there renting.
