You would have to bring up to this sort of standard
http://www.realestate.com.au/property-house-wa-bassendean-106606321
http://www.realestate.com.au/property-house-wa-bassendean-106606321
Beechboro V Marangaroo
- Thread starter kidd1
- Start date
By block, I should have specified about 500sqm, riverside, close to town centre.
According to RE, property above is being sold at block value.
This property sold for $20,000 less than boom times, for block value
http://www.realestate.com.au/property-house-wa-bassendean-106620655
Hi INVSTOR
thanks for the link, after looking at this one I can see reno would not stack up even if this property sold at $495k, damn, gotta be some areas that work just got to find them.
Cheers, MTR
kIDD1 The property price has dropped now - it may be in your price range.
MTR - I have a lot of materials I could use for reno's, so my main expenses would be labour for tiler and possibly some cabinetmaking. It would be OK if you were confident prices would go up during that period, or if you could hold for a while if prices went south. Overall it's a bit too risky and a lot of effort for me.
16 yrs ago my neighbour paid $40k for land and $40k to build house. Now it's worth about $500k. Is there still money to be made in property???
MTR - I have a lot of materials I could use for reno's, so my main expenses would be labour for tiler and possibly some cabinetmaking. It would be OK if you were confident prices would go up during that period, or if you could hold for a while if prices went south. Overall it's a bit too risky and a lot of effort for me.
16 yrs ago my neighbour paid $40k for land and $40k to build house. Now it's worth about $500k. Is there still money to be made in property???
This property was reno'd and resold. It would be interesting to know the numbers, I don't think there would have been much profit.
http://www.realestate.com.au/property-house-wa-bassendean-112151643
I would look closely at Beechboro there are pockets that will be rezoned, within the next 12 months I am told. I know someone who has purchased many in this area, you may want to contact Council.
don't have to call the council, you can use their maps to see proposed re-zoning
http://www.swan.wa.gov.au/Our_City/Have_Your_Say/Urban_Housing_Strategy
http://www.swan.wa.gov.au/Our_City/Have_Your_Say/Urban_Housing_Strategy
Sorry MTR, dug up an old thread from years ago!
I did not even realise it was an old thread, I have been looking at too many areas, going to many home opens, I am starting to think I prefer a flat market
probably more like 24 months, but still definitely going ahead.. According to contacts at WAPC, they refused to adopt Swan's Urban Housing Strategy unless it was part of an overall Local Planning Strategy. Swan are now preparing the planning strategy but it will be about 9-12 months for this to be adopted. Then Swan needs to amend their town planning scheme to give the rezoning statutory effect.
Beechboro could still represent some good opportunities though for those willing to wait it out as there are a few (getting less) 4 bedroom houses on future development sites for mid $300's, although they are becoming rarer.
Alexander heights thoughts
Hi Perth peeps,
Any more recent thoughts on alexander heights? I am looking to purchase my first IP around that area and was just after any ones opinions as to where they think it is at the moment, where its going, do you think it is a good time to buy, would you buy now etc.
Hi Perth peeps,
Any more recent thoughts on alexander heights? I am looking to purchase my first IP around that area and was just after any ones opinions as to where they think it is at the moment, where its going, do you think it is a good time to buy, would you buy now etc.
