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that was sarcasm Sanj Looks like Midland is doing a Belmont with prices of dev blocks http://www.realestate.com.au/property-residential+land-wa-midland-200775663

Kent, you're getting 9 units on 20 Mt Prospect Tce? Wow - what is it zoned? I assume you're destroying the lovely character home on the block? #14 is on the market, $875K marketed to retain and build 2 - way too expensive.

Yes, aware of them for sure, been sitting in the streets listening to planes go by, terrible down by Leach Highway!

Ick, on tiny blocks, and those new things are all so much the same. I used to like painting, done a lot of it in my time, but no more, have a really good well priced painter who just did the outside of our place for $8K when everyone else quoted $12-$20K. This is the one i may look at...

I'm going to see one this afternoon, it's 2 bedroom and sunroom on 850sqm - needs a reno, new kitchen bathroom, paint job. Could rent as is for around $350 week. It's on for $539K which is a bit steep as the one next door which is 3 bed and has a new kitchen recently sold for $525.

What do you think about an established hour and land in Belmont or Cloverdale or a non-flight path area of Redcliffe, on a large block but not development potential - simply for having a large block for people in 20 years who may still want a back yard and possibly a pool under 10 k from the...

Hence my thought there would be a market for houses on larger blocks close to the city. I stopped looking at East Perth, way too much going on there, way too many boxes of people and too many developments planned. Saw this happen in South Brisbane, crazy developments.

HD Ace, thanks for bringing me back down to earth. I am completely off the idea now, and need to get back to basics, and the original plan which is retain and build behind (potentially, but not necessary and a long way into the future if zoning changed, which would be a bonus but not an...

True, but there are good CG in Belmont, and a reason I don't want to go any further out. the house has cosmetic reno potential for higher rental returns. I need to go work out some more numbers, and read through those documents ... at least I've settled on not only a city but an area now. If...

I have that document open right now Perthguy, also Local Planning Scheme 15 A cosmetic reno on the house would hike up the rent a bit, am also checking out retain and build 2 behind if allowed. I'm not really keen on knocking down perfectly good houses, though Perthguy, that one in Lynwood...

Jerry, yes, we have $3-4Kmonth disposable income, plus my earnings. Lynwood, well it's not Belmont so CG? Also that house is unrentable, and I am not ready to develop immediately, so aware of holding costs, Westminster it's zoned R20/50/100 - rents go up, mortgages stay the same.

The losing per month part is called negative gearing. Der. Exit strategy is eventually develop,, and hold if possible, this is a blue chip area these days and this same property wont' be selling for $720k in 3 years time, more like a mill. given how hot Belmont is.

I want a development block to develop in the future - 2-3 years. The agent says this one will go around high 6 early 7s. Everything I have seen in the area that is current zoned for development is over $700K - so I am assuming $720K - though will probably go for more. I feel if I don't take the...