hi player
thats a good insight
can you eloborate more on these INFILL sites
I noticed them a couple of Saturday's ago in the Ballarat Courier realestate section.
I am very new to this
If I understand this correctly ...
there are big sites close to cbd which will be opening for construction of new dwellings ??? - is that right
They are en globo (non subdivided) parcels, one from memory has buildings on it, however will be bulldozed I dare say. Once they are subdivided they will be sold as house (likely townhouse) and land packages possibly and maybe some mixed use, resi and commercial on main road frontage sites.
that would affect the rental yeild and CG - can you eloborate on this
Read my earlier post again. If you buy on the fringe or outskirts, I reckon you may come undone in the short to medium term. Adding new infill construction is good IMO. It should augur well for the remaining older stuff surrounding it. Personally I NEVER buy new fring residential houses for investing.
No idea on how it will affect yield. I envisage it will be absorbed in the demand side. It's not as if it's going to yield 10,000 new dwellings.
Sri, if you haven't already, go and spend some time in Ballarat. Searching on the internet is well and good for macro stuff, however if you hevn't done so, get a list of say 30 properties that tick you boxes and suit your pockets and inspect them from outside looing for amenity to transport, schools, shops, parks, etc, etc. Then narrow down your search to a few you can inspect inside. This is the micro research you can do at ground level.
Occasionally getting the Sat edition of the local paper will also give you different insights (Southern Cross Station newsagency gets it in Spencer Street in the city or if you're out west, I think you would get it in Melton.)
thanks
sri