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That was what I thought too. I was suprised when the drafty suggested 2x2 apartments in Balga, as I haven't seen any in the market to date. Saying that though, a differentiated product to the rest of the competition may work. The yield on apartments would be quite high if it was for build...

What are people's thoughts on building 2x2 apartments in this market? On that size block, I could fit 8 2x2 apartments. Anyone done the numbers on something similar? Build and sell might be a bit challenging; but build and hold to rent may make a pretty attractive yield.

5% contingency on 880m2 enables a 837m2 corner site to be a 4 unit site. Units will be small though...

Is there are market in Balga for 3x2 with single garages? I have a corner block 837m2. What would you recommend be built? (a) Three 3x2x2; (b) Four 3x2 with single garage (c) Three 3x2x2 townhouses. Could get city views from second story.

Yep. Agree 100%.

A family member had offers around $420k a couple of months ago in Balga for newly completed 3x2x2 villas. He decided to hold onto them since there was no need to sell. So margins still look ok. As a rough guide, I tend to view Balga prices as 1-2 years trailing Westminster, which trails 1-2...

As mentioned by a few others, it's crazy how much the prices in Girrawheen have risen in anticipation of the zoning changes. I reckon it's a sellers market in this little microcosm.

Agree. Thanks to this forum, I will try to get in contact with Aaron Sice asap.