Great.Funny you ask...I just received an email update from the developer last week.
States in 2014 he continues to work on bringing Southbank Estate in Southern River W.A to subdivision stage.
Time frame for when we (ATF our SMSF) became involved was a 3-5 year. This was coming up 2 years ago.
Since opting in, we have noticed some really nice capital gains (150% oo purchase price) for comparative land sales in adjacent estates building up to where the Southbank Estate parcel of land is located.
Development looks to be progressing on track.
I have not been watching this area, however I happened to come across it today in my many searches and I think blocks are over $300K, as I mentioned land has gone ballistic, good work
Could do a nice build on this, I also expect rent would be pretty good on new product