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I got this email yesterday from Landcorp, new land division (Girrawheen), house and land packages from $379,000...

Yes of course forgot about the basement, noice:)

Sanj I think with new builds a different kettle of fish and something that buyers expect. When you look at older suburbs like Maylands/Inglewood probably most wont have double lock up garage because in many cases probably not enough land, however the location/proximity to city makes it...

Hehe... something you will want in your primary residence I would think

Its amazing what we Perthians must have, in Melb you can get away with god forbid single carports, and even car spaces, we are incredibly picky here in Perth. Perhaps we just have not caught up to the rest of Australia. In saying this I can tell you there is no way in this world that I would...

I know you are guessing.... but good luck anyone trying for $420K??? just had a quick look, I think it would be under $400K depending on location I guess, but also this market has over supply which means a good chance of falling back, same as Balga etc.

$200K larger villas, that would be basic finish, no fruit??

I think that is pretty important % /profit. I would also think timing is up there as well, is anyone looking carefully at this???? Its much easier to make money when the market is moving, don't try it when its not

Am pretty sure there is a thread on this, just search "clay", you will find cost etc in this thread

:eek:I met up with a relatively new property investor 2 weeks ago, building in Greenmount, 2 villas behind the original house, site works quoted $180,000 (Ventura), how much money is he making...... -$50,000 in the red. He purchased 2 years ago, I asked him why Greenmount?? his answer was...

Except Midland site works could blow out due to clay soil?? I know something who I think spent around $120K which was a nasty surprise

I am not with you do you mean Midland or Girrawheen??

that's right, just too much stock, pushing sh.t up hill from the beginning is not something I would want to be doing.

More importantly check out all the listings in Midland - villas, units, apartments.. there is an oversupply of everything, why would anyone consider a development site when sellers are struggling to sell what is currently on the market. Also this area is on the Australian list for taking...

Kiara is not State housing, more like a Morley I think?? Lockridge, to be honest I cant really comment on this area other than to state the obvious and that is it also boomed due to rezoning and cheap entry level, also on the nose, as bad as Balga, possibly?? not sure. For those who purchased...

:eek:500K, the last time I looked at Balga deve site they were selling for around $375K, rents will not cover holding costs, unless they purchased these at least 18 months ago. I think this is what Jaylo did in Balga and therefore holding is covering the mortgage. For those buying at $500K+...

but Sanj That's the thing.... Girrawheen/Koon/Marangaroo for some reason do fetch a higher end value, there have been a few new villas in Girrawheen that hit the market and sold for higher prices than Balga. This is what I think, Balga has had way too much infill and it just cant shake that...

Yes, looks like better buying. I know that the rezoning for Girro/Koon has been delayed on a number of occasions, same happened last year, just when it is 18 months away, they tack on another 3 years. I think it is inevitable that it will happen, but its a waiting game. Comes down to those...

I think a tad expensive, but the house is dated but looks in very good condition, will rent well? Perhaps Marangaroo is perceived as better area than Girrawheen?? does not have the State housing stigma?? but that's shifting very quickly anyway Is this market still moving, I have not been...

Brilliant:)