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My vote is an emotional buyer who ain't purchasing it for profit.

I wouldn't want to be the first... Someone must have been reading this post: http://www.realestate.com.au/property-residential+land-wa-ashfield-200581599 $380-$400 for larger street front blocks on river (Hardy Road). Puts my smaller blocks spot on.

At times its like banging your head against the wall, but you just have to move fast, pay a reasonable price and be smarter than the average buyer.

But try getting Multis through Stirling at R30... Nevergonnahappen - Until the WAPC makes an example of a 'council' as discussed at last weeks Property Council Function...

Yes there is:

If you think you can get more, put your money were your mouth is and buy the block ;) Personally I am a little more conservative. It is Ashfield! The whole, "come back to my river front block in ... Ashfield?" doesn't ring so well on the dinner party circuit so people aren't generally paying as...

HD Ace - I won't be at the Auction, we aren't too interested in the site. Here is something that I did like: http://www.realestate.com.au/property-house-wa-dianella-113761051 In fact we went for this one, but were beaten to the post by a cash offer at the $950k mark. Still not profitable to...

Correct, the untrained eye would think R20. However the scheme text has an amendment for corner sites and density bonuses. LOTS OF MONEY TO BE MADE WHERE OTHER PEOPLE OVERLOOK OPPORTUNITY!

I have actually looked at this site for a few of my clients. The zoning is R25 as it is a corner site in the Town of Bassendean TPS. Most people would look at this site and assume four units at R25 (1654/350 = 4.72), however I'm fairly confident of squeezing an extra block on this site. The...