HI All
just thought I would throw this out there.
This property, development opportunity is very cheap for Westminster, because it faces Reid Highway. Many would know that development properties this close to the city are selling like hot cakes at the moment.
Would you buy this? I estimate you would be looking at paying around $450K in a decent location for something similar.
I am curious whether anyone would buy this considering the location. Obviously I am not jumping in. Like some feedback on what formites think when it comes to secondary locations.
I am sure someone like Steve McK in his days of buying resi IPs in regional Vic would not have given a damn about location as long as the figures stacked up. So perhaps with this property, carve the block and build, instant equity and cashflow property and would not have a problem renting it out.
http://www.realestate.com.au/property-house-wa-westminster-112698319
Cheers, MTR
just thought I would throw this out there.
This property, development opportunity is very cheap for Westminster, because it faces Reid Highway. Many would know that development properties this close to the city are selling like hot cakes at the moment.
Would you buy this? I estimate you would be looking at paying around $450K in a decent location for something similar.
I am curious whether anyone would buy this considering the location. Obviously I am not jumping in. Like some feedback on what formites think when it comes to secondary locations.
I am sure someone like Steve McK in his days of buying resi IPs in regional Vic would not have given a damn about location as long as the figures stacked up. So perhaps with this property, carve the block and build, instant equity and cashflow property and would not have a problem renting it out.
http://www.realestate.com.au/property-house-wa-westminster-112698319
Cheers, MTR