First IP - looking at Forrestfield WA

ppnuwan said:
Thanks for the detailed answer.. This makes perfect sense now.. You already have got sub dividable block even without proposed zoning which is why you're not worried. LOL (You should have mentioned this in the first place.. Ha ha..)

Anyways, my block is only R20 and just over 700 m2 so not sub dividable until proposed zoning goes through..:(

Do you really think it's 18 months away? I thought people were talking it to be 18 months away about two years ago as well.. I would have expected it to take place within next year.. What do you reckon? Any inside information/leaks about this?

Thanks again guys...
Click to expand...

It was nearly ready to be gazetted (from memory) but the premiers call to green light the forrestfield airport link pushed it back since they had to start the process all over again....if i am correct
 
The original proposed Maida Vale & High Wycombe rezoning will get delayed due to the airport changes and New Train Station proposal ( https://www.dropbox.com/s/e3w3psvnn...Strategy - High Wycombe & Maida Vale.pdf?dl=0 )-

although the Kalamunda Shire has come out last few weeks with the below proposed rezoning of semi rural land around the proposed train station location

https://www.dropbox.com/s/95ufprli9e4f8o4/Forrestfield-North-District-Structure-Plan.pdf?dl=0

The Kalamunda and Forrestfield proposed rezonings are on a "supposive" 18 month time until being gazetted.

Forrestfield ( https://www.dropbox.com/s/k1x6fliny8mtzo5/06 4 draft local housing strategy -forrestfield.pdf?dl=0 )

Kalamunda ( https://www.dropbox.com/s/9ketn4j7i9jxno9/06 5 Draft Local Housing Strategy - Kalamunda.pdf?dl=0 )

Cheers

Paulie
 
paulie said:
The original proposed Maida Vale & High Wycombe rezoning will get delayed due to the airport changes and New Train Station proposal ( https://www.dropbox.com/s/e3w3psvnn...Strategy - High Wycombe & Maida Vale.pdf?dl=0 )-

although the Kalamunda Shire has come out last few weeks with the below proposed rezoning of semi rural land around the proposed train station location

https://www.dropbox.com/s/95ufprli9e4f8o4/Forrestfield-North-District-Structure-Plan.pdf?dl=0

The Kalamunda and Forrestfield proposed rezonings are on a "supposive" 18 month time until being gazetted.

Forrestfield ( https://www.dropbox.com/s/k1x6fliny8mtzo5/06 4 draft local housing strategy -forrestfield.pdf?dl=0 )

Kalamunda ( https://www.dropbox.com/s/9ketn4j7i9jxno9/06 5 Draft Local Housing Strategy - Kalamunda.pdf?dl=0 )

Cheers

Paulie
Click to expand...

Thanks a lot Paul.. That's great information.. (I think we've already met; haven't we?:) You were the one who advised me to buy from Forrestfield due to proposed re-zoning..)
 
Just posting some parts from the valuation as well as the pictures from it. There is direct mention of the rezoning as per below;

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f89d8eb627bbe840bdc0a9cbc4cd4819.png
 
Thanks for the update mate.. Remind me of my property when I bought it (It was similar, may be worse. LOL) I had to do a major renovation as it was my PROR.
 
It seems you've got it valuated independently.. Haven't you? (Or the bank was kind enough to give you a copy of their valuation?)

Either case, I'm curious whether you got to know exactly how much was their valuation? If so would you mind to share it with us? (I just needed to know how much would be the difference between Bank valuation and the purchase price as I'm looking for refinance my property these days..)

Thanks.
 
ppnuwan said:
It seems you've got it valuated independently.. Haven't you? (Or the bank was kind enough to give you a copy of their valuation?)

Either case, I'm curious whether you got to know exactly how much was their valuation? If so would you mind to share it with us? (I just needed to know how much would be the difference between Bank valuation and the purchase price as I'm looking for refinance my property these days..)

Thanks.
Click to expand...

I'm a finance broker mate.
 
Building and pest report

Have got my building and pest report back. Nothing major but seems there is a lot of recommendations of re-sealing in the bathroom and the kitchen which is something I definitely want to get done straight away as I don't want to deal with any future major plumbing issues.
Is there anything significant that stands out the report that I should be seriously concerned about? Or anything else anyone would recommend giving immediate or short term attention?
u5mPf7O.png

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Pretty much similar to what I experienced.. Mine was even worse..
I do advise you to look damaged walls around taps (especially laundry area); if you see any moisture buildups (paint peelings, small cracks, soaked rendering (worse case) are signs.. I had this issue and it turned out to be a leak in the pipe (the leak is so tiny but in long run it has done a great deal of damage to the wall) fixing it was one of the worst nightmares of my renovation work..
 
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