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Is the age of some of the dwellings in Rivervale going to make this hard to achieve seeing we really don't want a knock down job but rather a good value 4x2 or above?
Wow guys, too heavy for me. Looks like I'm done in WA this cycle...
See in todays West that it is reported that residential blocks in Perth metro have topped $300,000, up 40 percent from June quarter.
Amazing! 40% rise from one quarter to the next. And on a rising sales volume?
The higher prices for residential blocks simply convinces me even more that the affordabilty answer lies in smaller parcels of land and good insulation in the homes being built. Makes my 350 and 400 sqm blocks easy to sell. Roll on higher density!!
Massive water guzzling lawns are over rated anyway. Considering how much land now costs here per square metre it certainly makes it less attractive to invest so much in big gardens.
*****************************Amazing! 40% rise from one quarter to the next. And on a rising sales volume?
The Analyst,I believe current statistics on WA market are substantially flawed ---- I mean it has not been carefully analysed the data.
I do not believe the medium price in Perth anywhere reaches $492k, or the Sep quarter up 10%, the land price up %40.
As common sense, when you come cross these kind of figures, the reporters should validate the data ----- to check why? whether any data problems? why block up %40? could be the land relased focused on certain areas? If that perticular medium block happens to be on the beach, it could up 100%.
I do not see 50% of the suburbs their medium prices reach $492k.
It was on page 8 of Saturday's paper, Rixter. Article mentioned that the June quarter's average land price for Perth was ~218k and for the September quarter ~305k. Didn't seem like any typos. Maybe the market (I'm thinking type of block - size/location) has changed somehow?
1. I do not recall reading any land sale figures given in the same report. What are your land sale figures that you have or are referring to?