Armadale in WA

[Alex P Keaton]

I think Perth's Armadale with all the redevelopment and growth taking place will be a good prospect to buy in 2009

City of Armadale

Atm you can buy a 3 bedroom on a 700-800sqm block for between
$260-$300 K

I think there will be some decent capital growth in years to come.

 

[Ausprop]

it's a horrible place to develop in tho, site works are a killer and the buyers have no money

 

[Aaron Sice]

we had this discussion last week didn't we?

you need to select your areas down there VERY carefully.

anything overlooking champion lakes on Lake Road is good, as is the Kelmscott station catchment area, town centre and mt nasura.

anything else just walk away from.

siteworks - most of armadale is S4 or M2-M4 - basically think "S" for swamp and "M" for mud.

 

[Alex P Keaton]

hmmm ok

............

 

[Rixter]

siteworks - most of armadale is S4 or M2-M4 - basically think "S" for swamp and "M" for mud.

You forgot 'R' for riff raff.

 

[Aaron Sice]

it'll increase in value i'm sure - but of how much value that is i'm not so sure.

definitely doesn't have a "scarcity factor" about it.

 

[charttv]

Kelmscott station catchment area

What's a catchment area?

 

[Rixter]

What's a catchment area?

A slang phrase used by the Police for a great place to make an apprehension

 

[Butters]

You forgot 'R' for riff raff.

You are not wrong there Rixter. We were there in Armadale recently at Championship Lakes for the National Dragon Boat Championships - wallets, purses and other stuff got flogged from the competitors tents from the locals. Pretty poor effort. Security was beefed up after complaints.

 

[Aaron Sice]

What's a catchment area?

a "catchment area" is an area 400 -800m radially from a point.

so from the trainstation, draw a circle 800m in radius around it and there is your catchment area.