Alkimos WA

[FormerLurker]

Folks update on Alkimos development in metro area of Perth:

http://www.perthnow.com.au/business...nity-development/story-e6frg2qc-1225894607955

What are your thoughts on buying into it?

IMO It's not worth the effort for awhile until services get built up that way but if timed correctly (freeway extension/rail) has some promise.

 

[Ausprop]

these things can run hot and cold...you need to know how to play these ones

 

[Aaron Sice]

go to nearmap.com and have a looksie how very isolated the estate is.

i live in Burns and i have to drive everywhere (well, i don't but if i want to get there fast i do).

the shorehaven estate is - to me - the las vegas of WA - a whole lottla nuthin' 'smack-bang' in the middle of nowhere.

 

[jaycee]

Will it work surprsingly like Vegas though would be the million dollar question I guess

 

[FormerLurker]

timing

That's why I think this ones all about timing if you get in before works start on rail and freeway extensions up there (10 years? maybe - hope your looking longterm ) then theirs money to be made but in the main I stand by my previous comment to much effort for to little return.....easier money elsewhere.

 

[Rixter]

If you are investing for CG then you need to target areas that are land locked....anything with vacant land around it is over supplied.

IT all comes back to supply & demand.

The out lying areas are cheap for a reason.

Last to attain any benifits of the ripple effect and first to contract in rising interest rates because ppl are mortgage stressed and have to sell up. This creates oversupply even more so asking prices and values reduce to entice a sale.

Hope this helps.

 

[Aaron Sice]

Will it work surprsingly like Vegas though would be the million dollar question I guess

boom-chish!!!

 

[allblack]

Shorehaven Estate (already being developed by Peet), which is north alkimos is way overpriced IMHO. However they have people camping out over night to buy.....so I must be wrong!. A much better buy is Trinity Estate (already being developed by LWP). This is south alkimos just north of Butler. I thought of buying some land in Trinity as an investment but the thought of camping out for two nights in freezing conditions soon got rid of that urge.
With Shorehaven I think Peet Estates have done a great job of selling the Estate with artists impressions and visualisations of what the Estate may look like when it's finished.The prices are very high and block sizes relatively small. I reckon the best buying in the far northern coastal area is Jindalee. Large block sizes, great sea views (due to land gradient), good swimming beach and surrounding infrastructue already in place.

 

[Ausprop]

how about singleton and madora as an alternative?