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Holy crap! This block is just up the street from my triplex http://www.realestate.com.au/property-house-wa-westminster-112913343 $500k!!!! for 746sqm. You used to be able to pick up sites like that for $420 last year The area really is moving.

+1 for what Sanj said. Whilst your sell price might be more than you estimated AND if prices keep rising it will be BUT I'm not seeing those areas as good deals at the moment. The building costs for Balga are pretty much the same as Westminster and Nollamara - the only difference is the land...

I would estimate more along the lines of $600k to include demolition, DA fees, building fees, building, turnkey solution. That block in particular I would be wary of having a sewer line very close to one boundary and on the rear boundary. It might require a lot of piling which can be...

Yes but you had to put in tandem parking/ single garages which is not ideal so that is why I prefer slightly larger. I had a friggin massive corner block at 805sqm for r40 which created a development bigger than norm. Over capitalisation? No because I got above market rents and valuations...

BTW these sizes were for single storey villas. I could do R40 townhouse on 200-220 Less than 700sqm for an R40 block wouldn't be ideal in my opinion for 3 single storey villas but 728sqm (a common size) is doable if it's a regular shape.

The minimum as per zoning requirements is pretty squishy and you usually have to give up something - ie a bedroom or use a single garage. For me I like R30 300sqm R40 250sqm Your other alternative if you have a block that you think is too small and is R30+ is to go with a multi dwelling as...