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I agree.. "off with their heads":)

You are buying a vacant block of land, I don't see a house??? so you are funding the loan @ $500,000 x 5% minimum $25,000 pa I admit I am now confused, zoning not in yet, will be R30, so 300 sqm each block allowing 3 villas, end values? what are they??? Site works will kill you, I can see...

Here's another, frontage is too narrow though http://www.realestate.com.au/property-house-wa-heathridge-117863443 I would have a problem buying land that needs to be rezoned only cos of holding costs. If zoning was already in place and you could work on plans and permits then fine but...

Dex I think there are some around, my selling agent is Chinese she mentioned that there are o/seas investors keen on Perth. MTR:)

Hang on WM we are not comparing apples with apples:) What you are buying is a totally different beast, you may be paying close to same price for land, however, end value for Mt Pleasant needs to be much higher to make it work, IMO harder to sell as there are not as many buyers and...

Dex As I said a numbers game, they are asking from $1.2M really.... so perhaps it will be closer to $1.3M including stamp duty. If I were looking at buying the property you posted I would want to be selling the blocks at at least $800K each. I personally would not buy to build on these...

I expect this one will be too expensive. Prices have jumped up and this does not need a reno, rear access, ??? not sure This is the sort of thing I would look at for a quick flip. http://www.realestate.com.au/property-house-wa-kardinya-118170667 R20/25, another option, try to find...

Here is a link on R codes that may be handy, Westminster is the expert when it comes to this. What DT said about end values:) This is what I like to see, multiple offers in first week, don't know what they got but there was competition, who would have thought these prices for houses in...

I cant believe I only paid $635,000 for my 3 villas, high spec including headworks/everything, my builder was trying to source more business, now he does not need it anymore, damn it and he prices have gone up. I expect to pay close to $700,000 for my next 3 villas. I guess builders are putting...

Willagee is or should I say was a State housing area, there are no comparable sales as mentioned for 3x2 villas (brand new builds). New builds will always be more attractive than old renovated home on small lot, unless we are talking about period homes, but we are not. My research has...

Clay?? is that what you mean? If the figures stack up go for it. The only thing that I would consider is what the market is doing in this area in terms of sales??? I have an issue if there is no demand for the area if you need to sell How did you get a bargain??? ;)

Singo The reason I purchased in Willagee as I mentioned previously, sandwiched between blue chip areas, no brainer. There are no comparable sales in terms of end values for Willagee 3x2 villas, new stock, only old stuff and that does not cut it IMO. Villas in Spearwood and Hammy selling...

Yep for sure, also areas such as Redcliffe, Cloverdale were brilliant if you got the timing right, too many developers in this market and most certainly will be an oversupply. Apartments popping up everywhere.

End values in Maddington too low, build costs stay the same, makes no sense to buy for development IMO. Also don't like the fact that there are lots of land and house packages, that's the competition and not an attractive market for selling, my thoughts. Also perhaps an issue with clay in this...

Coolby has also skyrocketed, and has lower end value, zoning is still got a way to go, could be a few more years off, but still worth looking at I think. Quinns, I like the fact that surrounding areas are higher, any development sites in this area or opportunities to add value? What about...

Am told house on this lot and rented out, I have not personally viewed this, does not make any sense whatsoever. I think median for Kardinya is around $700K, do a little research on what houses sell on smaller lots, in the main they will be older homes of course. New product recently sold...

Congratulations on your purchase. Depending on land component with R40 you can also build x number of apartments, another bonus. think the location, in particular Willagee is brilliant though it started rising 2 years ago, but I believe still lots of steam, because as I mentioned...

Something nice and simple/R25 Kardinya Another option as long as you secure the house for the right price is anything in Kardinya that is zoned R20/25 over 735 sqm block, with side access, cut up the rear block and sell. This one recently sold, small lot only 304 sqm, also had an easement...

My property will be rezoned R40/60, from my research/understanding when zoning is ratified it will go to R40, however if I want the R60 I need something like 1300 sqm of land? These 3 blocks, side by side recently sold for $710K each, only 711 sqm of land each block, purchased by developer...

Its a winner. If you can afford Willagee this is a goer, rezoning next year, sandwiched between areas with perhaps $150-200K higher medians. Thanks WM, she gave me the heads up, I would say my property has gone up by about $40,000-50,000 only settled 2 months ago, its hot hot hot, yes its hot...