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I have not yet had the final valuation done on my recent Anchorage property as the landscaping etc is not finished for another 2 weeks due to the land developer using a very tardy landscaping company who seem in no rush to get things done. I did however finally get my fences up last week and...

Just had my bare bones 4x2 valued at $348,000 This is before carpets, paving, painting, aircon, patio, timber floors - etc. The valuer said it would easily exceed 400k upon completion....YAY :) I will have it finished with all landscaping done in about 3-4 weeks - will put photos up...

I know of a nice 3x1 quadrplex seling I could nab for 215k - still thinking about it. Locked in rocky park. Only thing stopping me was that even though its basically its own house it has the label on it. But in general I agree with all you just said Keen. (I have lived in Rockingham...

I have not confirmed it yet but I have now been told by 2 people that the 3x2 townhouses being developed and sold on the last stage of the Anchorage lake area are actually selling for $490k!! The last person I spoke to told me that he knows 2 have sold so far. My hand over is just before Xmas...

You misunderstand me Kenneth - I am not trying to ram my property value opinions down everyones throat. My main point is that developers usually go for top gains and profits and that if the land is worth 180k (2 for sale in Realestate.com for 199k) they wont make near as much as they could...

Well then they obviously got the land at a VERY good price and at a guess are probably asking for a reasonable deposit to secure the deal? Would also be intersting to see who they sold to and exactly how much. The Severns are sly operators and probably had them sold to their family ;)...

@ASDF - Yes and No mate. Lots of land...YES. Lots of GOOD land currently available...NO. There may be a lot of land out here but not a lot of it is developed and available for sale, especially anywhere near built up areas. 2 Years ago Rockingham had a lot fo land available, now there is 1 or...

@Kenneth - It depends on how long it took to build any houses in Stage 17, I very much doubt that with the continued growth in the market that they would sell any 200m2 quality built houses on land worth 180k+ for only 400k. If they pull out all stops and have the area built up in less than 6...

Yeah - I think PB is overpriced myself. I too like North of Mandurah - just depends on how much I can get some land for and put a house on it. Dont suppose you know and good land vendors etc? <KS>

@Ausprop - yer pig of a block for sure!! In fact I was very unimpressed with that whole section of the street. I like the Shoalwater side of the Anchorage much better myself - I am just a snob at heart....j/k IMHO rents are already well up on the last 2 years. I tell family I will get...

Funny you should mention Golden Bay - I myself have it on my short-list of suburbs to examine in the next 2 months. I was also looking at doing a couple of properties in Wellard till I heard of a large Homeswest proposal moving into that area - kinda like the plague for investors really. <KS>

@Pete - Thanks for the encouragement. I fully intend to repeat the process and I am in the process on scouting out the next venture location. I may even deal with Dale Alcock again, but not 100% sure as the off-the-plan house I just built has increased in price by $26,000 in 10 months! I would...

I wonder what my current project would be worth? It is a 4x2 209m2 (living) opposite the park and diagonal from the lake on Rhapsody Close. I have to say Dale Alcock have overall done a brilliant job. The construction was not actually started till May and I have handover on the 15th of...

Having already invested in the Anchorage myself I would not do so again for 2 reasons. Firstly the cost of land is a little high for my liking and secondly because I want the live-in factor to take precedence over any further investing. What I mean by that is simply that with the much...