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Knowing real estate markets, I seriously doubt that this development is going to devalue anyone's property. If past experience is anything to go by, it is more likely that property values in the area will increase as a result of this development. I have seen that before... the ripple out effect...

The doubling in price was due to a number of factors... the City released a new planning scheme that upcoded a lot of land from R20 to R20/40 or R40/60/100. Around the same time, the WAPC released the muti-unit code, which allowed apartments to be built in those new R40 sites. This was at the...

A bubble is City of Belmont development sites last year. Prices seem to have peaked at over $1,000 per sqm for development sites. This year they have fallen back to just over $700 per sqm.

As far as I know, it is a mix. I know one developer who keeps a couple of apartments in each development to rent out. I also know a couple of owner occupiers in the area who love their apartments. As far as I know, different buyers. There are some people who just do not want any yard at all to...

Don't panic... you are spot on... :D $390k for for a 2x1 http://www.realestate.com.au/property-unitblock-wa-rivervale-117696511 2 bedroom x 1 bathroom apartment From $395k http://www.realestate.com.au/property-apartment-wa-rivervale-119234219 I don't much like Rivervale either, but it...

$1260/sqm? Tell him he's dreaming! :D You can get blocks for $1085/sqm in Bedford. I know where I would rather live. http://www.realestate.com.au/property-residential+land-wa-bedford-201159347

I think we are still a bit early judging by the price of this one: http://www.realestate.com.au/property-house-wa-bassendean-117151031

Thanks Tano. That's good to know. I would really like to take on a good reno project. Those old weatherboards can come up looking really nice but you would have to get it for the right price. Of course there is a lot of work and a lot of dollars to get the Bayswater house looking anything like...

Same. I'm just trying to get a feel for the market so I know a good deal when I see it. I am probably about 12 months out from my next purchase.

Closer to Perth is a subdividable block in Bayswater, walking distance from the train station. It has a current approval already in place for two green title blocks, but is a lot more per square metre than the Basso block of course. I dunno, the house looks like a major reno job to me. Not sure...

Markets within markets within markets. It's like the '2 speed' economy. Some markets might be going up while others are going down and at the same time some are stagnant. It just reinforces your earlier argument that some markets have not recovered since GFC. Maybe it is start of the recovery...

I know people who live in Mandurah. Some work there and some work in the Perth CBD. I think there is a real mix of retirees, unemployed, people who work in Mandurah or Pinjarra and people who work in the Perth CBD.

I would rather have something in Rivervale than Cloverdale right now. ;)

Looking good for you in Gwelup. :) That's a good idea about a week free rent. I have had that up for a week. I think it's time to drop the price.

Yes. Oversupply could be it too. I just ran a search on re.com.au for 3 beds in Cloverdale and surrounding suburbs. 226 total results. Not good :(

Not in Cloverdale. I have not had much interest in mine in 5 weeks. Overpriced?

According to you. Considering you know nothing about me or how I renovate, your argument is invalid. :D I just got the work done for half your estimate because I know how. I just got my fat back :p

Lucky your not my project manager or I would fire you! :p

My reno would not have cost $300,000. I would have spent $150k to $200k max. There is some fat. :)

Check this one out. The view from the outdoor living area back into the family room kitchen is exactly how I imagined my reno of the $705k house would have looked ;) http://www.realestate.com.au/property-house-wa-mount+hawthorn-116309339 Sale price $1,365,000. Block size 489 m?. I wasn't...