Market has softened a little in general, still good turn over levels, but not rampant price growth, and as usual it is a two tiered economy in Perth.
Anything under $500k is struggling a bit, the higher end of the market being plus $600k and especially over the Million's is doing rather well.
Of course individual suburbs have there own micro economies of supply and demand, which suburb's are you selling into?
Kardinya.
My advantage/point of difference is that both the blocks will be 400 sqm, most that are selling in the area are around 375 sqm and narrow frontage.
Whoever buys my blocks can build decent 4x2 homes without having to go double storey, added bonus. I will also get the agent to contact a couple of spec builders for designs for the blocks.
I have noticed some of the blocks currently on the market are just sitting, but I also know they are overpriced.
There is lots happening in this southern corridor with the new hospital etc this helps. To be able to build a new home is an attractive option for some.
I also have the option of just flipping the house because I purchased at least $150K below its true value, however selling the land provides more profit.
MTR