I drove past this location last week in merriwa, and was surprised to find a complex for over 55's recently finished in the heart of the suburb (not really close to any amenities).
http://reiwa.com.au/property/for-sale/8/4-Allum-Green,-Merriwa-3443540/
I've had a soft spot for over 55's villages for quite sometime... I'm just wondering if anyone else has had experience or can comment on them?
Merriwa is mostly R20 zoning, It appears the developer here has purchased 2 or 3 properties in order to fit 20 villas on it and had the area rezoned or varied for the purpose of over 55's living.
Given they are selling for ~$300k each.. @ $6 mil gross sales, i'd say there has to be a fairly nice chunk of profit attached to this devy?
http://reiwa.com.au/property/for-sale/8/4-Allum-Green,-Merriwa-3443540/
I've had a soft spot for over 55's villages for quite sometime... I'm just wondering if anyone else has had experience or can comment on them?
Merriwa is mostly R20 zoning, It appears the developer here has purchased 2 or 3 properties in order to fit 20 villas on it and had the area rezoned or varied for the purpose of over 55's living.
Given they are selling for ~$300k each.. @ $6 mil gross sales, i'd say there has to be a fairly nice chunk of profit attached to this devy?