Perth Future Development Under $500k?

[mumbai]

Regarding the property with 726sqm, the agent mentioned it needs a lot of reno and not being in the area (I am based in Sydney) does not make it any easier.

I could not find anything under 400K, and most of the 600+sqm are between 450-500K.
like these:
http://www.realestate.com.au/property-house-wa-girrawheen-117212551
http://www.realestate.com.au/property-house-wa-girrawheen-117147695
http://www.realestate.com.au/property-house-wa-girrawheen-116873327


Westminster:
Can you please let me know how does the suburbs you mentioned compare to Girrawheen, and which one is more preferred over others?

 

[boeman]

I thought under $500k was the goal? Don't all of the above match this criteria?

Most in Girrawheen are already renovated, from my understanding the Government had a deal with Satterley on this for a large chunk of Girrawheen?

Try hunt down an un-renovated one that can still be rented. They do come up.

I still think it is your best bet in relation to potential. The suburbs surround that pocket of Perth are far more expensive, and it is a large piece of land within 15km of the CBD.

 

[LesleyAnne]

Thanks for all the feedback and responses everyone. Also any comments on Midvale, large blocks, rezoning occurring now and in the future, some sub $500k?