Jayzac – I cannot see how you could build in the Anchorage now for $220k. The blocks (in the unlikely event you could actually get one) are $120-$130k.

Extensive list of ‘Off The Plan’ property available for sale in Perth.

Some new blocks are becoming available in Anchorage around the 120 mark. Construction of 168m living area 4×2 $95000 siteworks $5000.
I have been to some home opens in anchorage recently and a siniliar house seems to have an asking price of about $350000 which is just incredible.

regards
Jayzac

Good to hear that you have done well.

Though I would be causious jumping into Land & House packages now as they are not at all attractive in current climate regardless of the area. Land is too expensive.

There is more value at present in purchasing established homes, unless land was obtained at bargin price.
Builders are taking way too long (12 months++),to complete homes, to put it in perspective homes were built in 3-6 months a fews years back. Can you afford the interest during this period?

Also the extras which I believe are a MUST in a rental property such as – aircon, retic etc could be additional costs with H&L.

Cheers, and good luck to all

I dont understand how you can say H+L packages arent attractive in the current climate. There is not a suburb in Perth where you cant build a house cheaper than an established property. eg. I can build a brand new 4×2 180m of living space double garage remote sectional door floor coverings, window treatments, monitored alarm, solar hws w/gas instantaneous booster, insulation, ducted evap aircon , fencing and landscaping in Canning vale for for $240,000. I challenge anyone to buy an established property in Canning vale for that price let alone something of that size and quality. I have taken that plan to Roy Weston in Canninvale and asked what i could reasonably expect for resale and they came back with approx $335,000 based on todays prices.
So this investment is based on todays prices. I am sure i can reasonably assume that during the construction period that property prices will increase. As an investor the time it takes to build is neither here or there as i have locked in the construction price and the land price so i therefore am achieving capital growth during that time.
As for interest during that time well interest repayments i have also borrowed from the lender so that affordability is not an issue.
I challenge anybody to find me an established property in any area that is worth $95000 more than the purchase price on a regular basis.
I wont enter into an investment unless i know that i have that sort of capital growth before i do the paperwork.

Regards to all
Jayzac