Hey guys,
I have been browsing the SS forums for a few months now and thought it would be the right time to ask a few questions. I am currently looking to purchase my first property (hopefully not my last!) and this seems like the place to bounce ideas around. At this stage I'm looking at the areas of Girrawheen and Koondoola as good entry points. Both areas are with 15km of the city and much like Balga they are changing from majority state housing to villas etc. Block sizes are generally around 700m2 with areas flagged for re-zoning R40 & R60. These factors indicate a good long term investment in my opinion with Perth still set to expand and land within 15km of the city a finite resource.
My two main questions are;
1. Are these areas now over-priced due to investor interest? Both areas have had marked increases in price over the past two years. Is it too late?
2. Through looking I have seen many properties highlighting "potential triplex site" on 690-700m2 blocks , my understanding of the R codes (still somewhat limited) is that for R40 the minimum size per dwelling is 200m2 with an average of 220m2. Given that, having 3 dwellings on these sites is theoretically possible but would it be too small and cramped?
Any help on these would be greatly appreciated
Thanks guys!
I have been browsing the SS forums for a few months now and thought it would be the right time to ask a few questions. I am currently looking to purchase my first property (hopefully not my last!) and this seems like the place to bounce ideas around. At this stage I'm looking at the areas of Girrawheen and Koondoola as good entry points. Both areas are with 15km of the city and much like Balga they are changing from majority state housing to villas etc. Block sizes are generally around 700m2 with areas flagged for re-zoning R40 & R60. These factors indicate a good long term investment in my opinion with Perth still set to expand and land within 15km of the city a finite resource.
My two main questions are;
1. Are these areas now over-priced due to investor interest? Both areas have had marked increases in price over the past two years. Is it too late?
2. Through looking I have seen many properties highlighting "potential triplex site" on 690-700m2 blocks , my understanding of the R codes (still somewhat limited) is that for R40 the minimum size per dwelling is 200m2 with an average of 220m2. Given that, having 3 dwellings on these sites is theoretically possible but would it be too small and cramped?
Any help on these would be greatly appreciated
Thanks guys!