Dear All,
1. From my own personal observations at the Anchorage Estate from 2003 to 2007, it seems that during the last Perth property boom time in 2006, a lakefront property with full water views is able to command a A$20,000-$50,000 premium over another comparable non-lakefront property.
2. However, the A$20,000-$50,000 premium for lakefront properties with full waterfront views, does not seems to hold up well during the present slow "stagnant"/"declining" property market condition;- in that both lakefront and non-lakefront properties seems to be commanding the same market price though it is taken that the lake-front property can sell quicker as compared to a non-lakefront property, all other things being equal.
3. I wonder if this is indeed the case too for other similar lakefront properties in other suburbs in WA or/and in other Australian States.
4. If so, what happens to the existing price premium presently being enjoyed for lakefront vacant land lots with full water views and non-lakefront vacant land lots? Are the lakefront vacant land lots likely to lose their water views premium in the same slow "stagnant"/"declining" perth market conditions too?
5. What have been your personal observations and experiences with respect to
a. lakefront vs non-lakefront properties,
b. riverfront vs non-riverfront properties
c. ocean-front vs non-ocean front properties.
6. Looking forward to be further educated abd learning more about regarding the waterfront vis non waterfront properties property investing outcomes, please.
7. Thank you.
regards,
Kenneth KOH
1. From my own personal observations at the Anchorage Estate from 2003 to 2007, it seems that during the last Perth property boom time in 2006, a lakefront property with full water views is able to command a A$20,000-$50,000 premium over another comparable non-lakefront property.
2. However, the A$20,000-$50,000 premium for lakefront properties with full waterfront views, does not seems to hold up well during the present slow "stagnant"/"declining" property market condition;- in that both lakefront and non-lakefront properties seems to be commanding the same market price though it is taken that the lake-front property can sell quicker as compared to a non-lakefront property, all other things being equal.
3. I wonder if this is indeed the case too for other similar lakefront properties in other suburbs in WA or/and in other Australian States.
4. If so, what happens to the existing price premium presently being enjoyed for lakefront vacant land lots with full water views and non-lakefront vacant land lots? Are the lakefront vacant land lots likely to lose their water views premium in the same slow "stagnant"/"declining" perth market conditions too?
5. What have been your personal observations and experiences with respect to
a. lakefront vs non-lakefront properties,
b. riverfront vs non-riverfront properties
c. ocean-front vs non-ocean front properties.
6. Looking forward to be further educated abd learning more about regarding the waterfront vis non waterfront properties property investing outcomes, please.
7. Thank you.
regards,
Kenneth KOH