I think perth apartments aren't in a bubble like syd and melb...

I think perth apartments aren't in a bubble like syd and melb per se... I'd call it more of a lull in demand and projects that will not come to fruition due to a lack of demand with the mining boom ending.

STILL - i think the landscape is still primed towards high density living. THe short term isn't great but I think, and have been thinking hard, that for a longer term play, eventually things will come back (the mining sector will pickup) and population growth needs somewhere to stay. If finbar keeps plugging along as a well known brand in the suburban and CBD and surrounding area it appears to still be profitable. Bar any sudden change in defaults they seem to be settling ok still and making a profit - most importantly.

It seems given the land is provided by the landowner in return for a 50% JV, the outlay isn't too bad from a capital POV in purchasing sites. I think FRI are doing well accumulating a little cash pile.

I have noticed perth undergoing more of a gentrification in general. Pubs/bars actualyl open on weeknights with people sitting outside. Not to a melbourne level. But my excitement is if they can push harder on density and bringing more restaurants and bars to the CBD, that it will eventually expand to surrounding inner - ring: maylands, subiaco, leederville (one day i hope west perth gets amakeover, as it's purely corporate and dead after work hours for a place so close to the CBD). Also excited as things get more expensive and apartment/townhouse living in more outter suburbs (i.e. your bluechip mum and dad suburbs) becomes more accepted.They've bought a few sites i.e. the Belmont, which I feel are heading more that way than being stuck in the CBD/east perth with a dozen other apartments always coming up.

They won't have the money for big capital projects but I think they are still pushing for increased rail/light rail options. I twon't happen now but at least it means SOME day, it's a possibility. THe question is - is FRI at a low?Judging by the charts, without even pulling out software it's still basing and looking like a downtrend. For that reason I'm keeping my pitiful holdings as is, but hope to magnify it many times when it finally bottoms. As we get clsoer to this 50c-80c band of SP I can't help but think that bar needing the money back soon, anyone buying stock and holding is going to be alot richer in the future. Whether it be 2, 3, 5, or 10 years I am not sure. But bar a catastrophe this will be a cash cow if it goes back to its old project numbers and ways.