Same. I'm just trying to get a feel for the market so I know a good deal when I see it. I am probably about 12 months out from my next purchase.I'm still holding off, good bargains are starting to appear but better ones will be here soon
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Same. I'm just trying to get a feel for the market so I know a good deal when I see it. I am probably about 12 months out from my next purchase.I'm still holding off, good bargains are starting to appear but better ones will be here soon
Could maybe be a triplex if you do it in 2 stages, get 5%variation for first lot, them end up with 706sqm r 25 lot.
If you get it in the 700s it's worth considering.
I'm still holding off, good bargains are starting to appear but better ones will be here soon
Thanks Tano. That's good to know. I would really like to take on a good reno project. Those old weatherboards can come up looking really nice but you would have to get it for the right price. Of course there is a lot of work and a lot of dollars to get the Bayswater house looking anything like this:Ive been watching this one, triplex straight of the bat is possible with WAPC 5%. Block slopes down to rear. Worth 780k max.
3 Grosvenor sold for 840k was 5m more elevated (city views) closer to train and sloped upwards but prices have dropped in last 6 months.
2 Grosvenor i think sold low 700;s (710k?) due to huge slope and large easement running through 1/3 of it. My dad bought 5A grosvenor for 450k for 450sqm
Both R25 1010sqm
I think we are still a bit early judging by the price of this one:Fair enough. I haven't berm really keeping up to date with the market as the numbers have been rubbish so have invested outside of property. Starting to look at it again but a bit out of touch. Will take a few weeks once I dedicate some time to it
I think we are still a bit early judging by the price of this one:
http://www.realestate.com.au/property-house-wa-bassendean-117151031
With current tightening of finance its going to get a whole lot harder funding these projects
Something else to consider
$1260/sqm? Tell him he's dreaming!$1260/sqm
Perfect, the market has been ruined by wannabe developers paying over the odds and then not being able to develop, this might help
There are not many places within 12km of CBD where land is in the 5xx$/sqm
Perfect, the market has been ruined by wannabe developers paying over the odds and then not being able to develop, this might help
But won't it make it harder for you and me..?. Don't know yet
assuming it's single resi, the average rate is being distorted by the large size of the block. That's just my view of the world... stuffed if I am paying $1000-2000/m for land on lots bigger than 500sqm just so I can weed and mow it, particularly if the market is dictating that I need to go 2 storey anyway
how does the tightening finance effect you... thought it was more high LVR investment loans?
Government following New Zealand, where they adopted tightening of finance 2014 to help cool their over heated property market, and it did work, to what degree, not sure??. Assuming this may end in same result for Syd/Melb??
MTR
NZ finance tightening did nothing to stop the market they were most worried about (Auckland) powering ahead. Now they are bringing in loan restrictions just targeting property investors in Auckland as per the link below. Auckland median is now NZ$828,000.00 .
http://www.stuff.co.nz/business/ind...-restrictions-for-Auckland-property-investors
Love this comparison between Auckland and France property at the link below!!!!
http://www.stuff.co.nz/life-style/home-property/68073553/What-Auckland-prices-can-get-you-in-France