Hi All,
How does a house and land package investment in Alkimos WA stack up in terms capital growth and rental prospects ?
Land : $200K (375 Sqm)
Construction: S180K
Total cost: $400K
Property will be built by October next year.
Would it be a good investment option ? Any comment will be appreciated.
Information about Alkimos as told by the H&L selling agents :
Alkimos- 42km away from Perth CBD. 20mins from Joondalup. Planned train line & freeway extension to Alkimos over the next few years. Perth's north-west corridor is expected to grow substantially over the next 25-30 years generating an estimated 40% of new land for the entire Perth Metro area. Alkimos is one of the largest and most significant coastal developments within this corridor. LandCorp and the Department of Transport have identified Alkimos as a possible location for a major Hillarys'-sized marina.
How does a house and land package investment in Alkimos WA stack up in terms capital growth and rental prospects ?
Land : $200K (375 Sqm)
Construction: S180K
Total cost: $400K
Property will be built by October next year.
Would it be a good investment option ? Any comment will be appreciated.
Information about Alkimos as told by the H&L selling agents :
Alkimos- 42km away from Perth CBD. 20mins from Joondalup. Planned train line & freeway extension to Alkimos over the next few years. Perth's north-west corridor is expected to grow substantially over the next 25-30 years generating an estimated 40% of new land for the entire Perth Metro area. Alkimos is one of the largest and most significant coastal developments within this corridor. LandCorp and the Department of Transport have identified Alkimos as a possible location for a major Hillarys'-sized marina.