Nothing to do with fashionable, spearwood is a good up and coming area to invest in no doubt. my issue is that you can often buy in better areas for that money where the end sale price will be higher. this property sold for 816/sqm.
i just dont see value in it and good profit at 600k for a 735sqm r40 site in spearwood
I would like to know where because I would be jumping in. I do have a couple of areas in mind, but with the current market they may be wiped off if they continue to rise.
Too much competition and too expensive - Innaloo, Scarborough, Doubleview, Yokine, Dianella, Maylands, Karrinyup, Morley, Nollamara are very difficult to jump into at the right price to make it work, even if you were to secure a property.
Not keen on Midland due to clay soil, could wipe out your profit.
Don't like Balga cos there are too many developers selling stock.
Westminster - the area is so small, nothing comes up and if or when it does they want Nollamara prices.
MTR