Yanchep
- Thread starter sparky23
- Start date
anyone looking at going for one in the Zamia release? titles next June, $2000 discount for cash and a $5000 harvey norman voucher.
also did someone from this forum buy the gemill display home? I hope so... talking to the rep it has done pretty well. in fact this whole estate has shaped up very well, much better than some of the southern corridor ones.
also did someone from this forum buy the gemill display home? I hope so... talking to the rep it has done pretty well. in fact this whole estate has shaped up very well, much better than some of the southern corridor ones.
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Hi Ausprop
Well I am looking at it but there are a few things going on at the moment and I don't think I can, might have to look at the next release. The last one sold out very quickly. The house I built agents valued at $550,000 but the bloody valuer upset my applecart a bit by suggesting $485,000. I fear he was one of those 12 year olds bank are using these days. My agent a few weeks ago sold a 3 bed at $470,000, fair bit smaller too I believe.Mind you as the house and land came in at $350,000 even $485,000 isn't a bad result in 12 months!
However there was some disappointment at the weekend when the telethon home only went for $620,000 so there doesn't seem much consistency at the moment.
Sparky
Well I am looking at it but there are a few things going on at the moment and I don't think I can, might have to look at the next release. The last one sold out very quickly. The house I built agents valued at $550,000 but the bloody valuer upset my applecart a bit by suggesting $485,000. I fear he was one of those 12 year olds bank are using these days. My agent a few weeks ago sold a 3 bed at $470,000, fair bit smaller too I believe.Mind you as the house and land came in at $350,000 even $485,000 isn't a bad result in 12 months!
However there was some disappointment at the weekend when the telethon home only went for $620,000 so there doesn't seem much consistency at the moment.
Sparky
Sparky where is the one you have that was appraised at $550k? Lyndsay Beach or east of Two Rocks Rd? I think I will sell mine but am not sure of pricing... as you say it seems to be all over the place. Hegney tips Yanchep as a strong growth area FWIW if you are looking at long term holders.
Hi Ausprop
Its at Lot 595 Lindsay Beach Boulevard on Capricorn Hartford Grove side and is a Celebration home.
I would say if you don't have to sell hold on to it, my gut feeling is that this time next year it could be worth another $50,000 - 100,000. My agent said yesterday that Yanchep seems to have come out of the correction and they have sold 4 houses in the last fortnight. I really wish I could pick up some more of that land, I think I would go for at least 2 blocks this time.
Also I had an expression of interest in on the Gemmill home but in the end we had to let it go as I couldn't get the finance together. I always try to do too much at once as I can't stand seeing a good opportunity pass me by, which is why I started the other controversial thread on caveat empor!
Sparky
Its at Lot 595 Lindsay Beach Boulevard on Capricorn Hartford Grove side and is a Celebration home.
I would say if you don't have to sell hold on to it, my gut feeling is that this time next year it could be worth another $50,000 - 100,000. My agent said yesterday that Yanchep seems to have come out of the correction and they have sold 4 houses in the last fortnight. I really wish I could pick up some more of that land, I think I would go for at least 2 blocks this time.
Also I had an expression of interest in on the Gemmill home but in the end we had to let it go as I couldn't get the finance together. I always try to do too much at once as I can't stand seeing a good opportunity pass me by, which is why I started the other controversial thread on caveat empor!
Sparky
Guys,
Do you think there's much money in it based on the price of the land now? I bought in Hartford Grove stage 2, tried to buy again in Lindsay Beach stage 4. But since then I lost interest due to the prices.
I thought demand had really slowed but was quite surprised when I revisted the website, after reading this thread, that the land still seems to be selling well.
Perhaps I'm too conservative (this is the first time I used a new build for investment so I don't really know the ins and outs of it..)
Bruce
Do you think there's much money in it based on the price of the land now? I bought in Hartford Grove stage 2, tried to buy again in Lindsay Beach stage 4. But since then I lost interest due to the prices.
I thought demand had really slowed but was quite surprised when I revisted the website, after reading this thread, that the land still seems to be selling well.
Perhaps I'm too conservative (this is the first time I used a new build for investment so I don't really know the ins and outs of it..)
Bruce
Hi Brucew
The new release blocks for a non cottage block size are around $250,000, if you can still put a house to turnkey on it for $200,000 then I would say yes, especially with the low deposit, low holding costs with no land titles until around June next year.
I love the estate and the lagoon is beautiful.
Did you sell your property on Hartford Grove or have a valuation on it?
Sparky
The new release blocks for a non cottage block size are around $250,000, if you can still put a house to turnkey on it for $200,000 then I would say yes, especially with the low deposit, low holding costs with no land titles until around June next year.
I love the estate and the lagoon is beautiful.
Did you sell your property on Hartford Grove or have a valuation on it?
Sparky
thanks Sparky but I have made a promise to myself to stop accumulating resi IPs. it's all too easy to build these things and just rent them. unfortunately tho I seem to have been at the front of the pack re construction so whether someone wants to pay that much dosh to live in sandy construction site remains to be seen. Was up there today and the house is looking awesome tho. may be another keeper after all... will see.
driving around today I was very impressed by the quality going in. A huge range of builders doing a lot of double storey that dont seem to be holding back.
Hi Sparky,
Still under construction. Roof frame is up expecting roof cover shortly. Went for a full size block last time. Its a corner block and this caused me a few dramas with the biulding restrictions (ie 2 frontages that have to meet their design requirements.
Block worked out at about $126k with the cash disc. As you say, proably about 200k on the house so am definitely quids in with this one.
true but I think $620k was very low for that house... or was it? I didn't realise that (a) the furniture wasn't included (don't telethon homes usually include everything?) and (b) you can't live in the house as it was leased back as a display home. This last point was the craziest thing I have heard of - they are selling a dream home but dream homers wouldn't be interested as you couldn't live in it. I think if it had been occupiable the price may of been much higher.
