I did not even realise it was an old thread, I have been looking at too many areas, going to many home opens, I am starting to think I prefer a flat market:rolleyes:
I would look closely at Beechboro there are pockets that will be rezoned, within the next 12 months I am told. I know someone who has purchased many in this area, you may want to contact Council.
Hi INVSTOR
thanks for the link, after looking at this one I can see reno would not stack up even if this property sold at $495k, damn, gotta be some areas that work just got to find them.
Cheers, MTR
There are so many variables, as INVSTR mentioned, size of block, proximity to river. I think you could be right though it may be a tough call to make 20% in this market, you would need to purchase below market.
Cheers, MTR
Hi INVSTOR
as you live in the area Bassendean, do you think there is opportunity to do renos and onsell for reasonable profit, 20%. I have seen some low mid $400K weatherboard cottages at this price. RE agent stated that if you purchase at land value there is money to be made. I have no idea...