Forum Replies Created
Hi pfp
Do a search – as formites have discussed Mandurah many times, there may be some useful information to assist.Back to your question – “What area to avoid”?
None at present as all areas are performing very well.For future growth I would look at properties which are as close to water as possible.
What’s your budget?
Regards, M
I have similar thoughts to Ausprop.
I believe Northbridge will improve in time. Completion of railway project will have a great impact on area. Also plans to close off James Street will make an enormous difference to the atmosphere.
There have been major improvements to Newcastle Street, garden beds, land recently sold off, commercial blocks/apartments going up, houses being renovated. Surrounding streets are also changing, with cafes, and specialty shops opening up amongst residential props – terraces, semi detached houses.
In fact CG over last 12 months was 32.7% this obviously covers all types of properties.
The major problem as I see it at present on a micro level is the inconvenience caused by works currently underway. Some restaurants have closed down, limited parking etc.
I personally like Northbridge and would be happy to invest in this area.
Good luck
MHi Mei
if you can still get a block in Singleton for $169,000 I would go for it.I believe this still represents good value for beachside land, considering the size of the blocks and only a 10 minute walk to the beach.
If you can access today’s West electronically, great news for this area. Government involved in development of new satellite city upto 60,000 people. Location 3 kms inland from coastal suburbs – Secret Harbour, Golden Bay and Singleton.
Good luck
I spoke to Wayne this morning, again people have been camping out since Wednesday.
Traditional lots have already been taken by campers, that is as long as they are there for daily head count.
I am going to do some hard talking and try to get my husband to camp out, its going to be a tough call though.
Let you know if I get a block.
Hi KP,
what a great suggestion, happy to provide the venue, just dont forget the BIG TIP $$$$$$$I think it may be the same property that sold at auction 3 years ago for $410,000 our friends missed out on this property.
Got me curious now, I am going to check it out on my morning walk tomorrow
What a great location, you must have had some great times.
Our house is on Parmelia Way.
Marisa[biggrin]
Hi all
Thanks for your comments.I am having a break at Madora Bay at present and just found out that there will be 3 beachfront blocks in Madora Bay sold in January 2006, only 1 will be auctioned. Each block will be 400 sqm2.
Also, I was told some months ago that Gail, Draco RE is the selling agent for this new release in Singleton (Bayshore Estate).
I was looking at this area 12 months ago. Recently paid $149,500 for 601 sqm2 block (settlement – 2 months).
I am still scratching my head trying to work out why the land is so cheap, compared to other areas along this strip.
Cant really see how anyone could go wrong with this area.
Singleton has averaged 13% pa over 15 year period.
I keep hard copy of everything.
Maintain a separate file for each property.I use MYOB for all property transactions, this is what our accountant uses, and reconcile transactions each month.
Hard copy and disk goes to accountant at end of each financial year.
Hi Julie
I appreciate any tips/help you can provide on Daly.
Do you have any idea on what I may be up for rear landscaping in Daly, the block is 701 sqm2.
I am at least 11 months off landscaping that’s if building remains on schedule.
Cheers, Marisa[biggrin]
Rob
get your hands on yesterday’s West where it provides full summary of the impact of St Andrews.By 2012 – 2 shopping centres, extension of Marmion Ave, Mitchell and railway line. Approx. 20000 new homes to be built.
by 2030 City centre to be complete, 50,000 plus jobs to be in place, 2 marinas.
Existing town centres of Yanchep and Two Rocks to be given facelift, enhancing values.
Have not included all items, but worth a read for those interested.
Rob W
Sounds like you are on a roll.I would go Balga as it represents better value at present (median price $200,000) as opposed to Westminster ($230,000), lots of developers buying up in Balga and prices will catch up to Westminster eventually.
If budget permits, I would also look at block that is around 800sqm2.
Also, there is a huge demand for rental properties in this area, especially 4 bedroom homes.
Marisa
Hi Wayne
I see Capricorn have new release coming up in October. Do you have any information on this ie whether titles would be available etc..Did you happen to read today’s paper, it gave a brief overview on developments/projects in this area. Its got me interested now.
Thanks
Cheers, M
Hi Meilin08
not sure about any other canal developments in Perth Area.
However a block on the canals in Mandurah recently sold for a record $2 million, hard to believe.
If it is your dream to purchase a canal block and you are in a position to purchase now for $400,000 I would say this will be bargain in years to come.
Good luck
Regards, M
HI John
so what would you build on a 395 sqm2 block if double storey not feasible?? I was looking at cheaper cottage blocks currently being sold at Madora Bay.Sales rep mentioned a standard 4×2 would be fine on this size block, hard to believe this one, even if possible – imagine it would effect resale?
Any thoughts?Cheers, Marisa
fernfurn,
no need to get too stressed about the Dunsborough market, this is where the rich and not too famous hang out. Values only go up in this area.In fact if simond11 sells, I would say there is a good chance he wont get back into this market.
Hi KP, check your messages.
Rob W,
Try APG for double storey homesCheers, M
Hi there
Why would you take the money and run when you can have the cake and eat it too?Just look at the BIG picture – how much will Dunsborough be worth in 12 months? $100,000 (-CG tax) is really peanuts considering future potential growth in this area. Conservatively you could be making around 20% pa over the next 2-3 years.
By building on this block you can use the equity to keep purchasing additional properties. Also I believe there is great demand for long term rentals in this area.
I would only consider selling if you need to rationalise debt, that is if you are struggling, or you have purchased a complete lemon.
Regards, M
PS
If you decide to sell, I would be interested in details, pm me.thanksHi LizardKing
you will find that there is consistent evidence that all these inner city areas do well over the long term – regardless of doom, boom cyclesI have noticed recently that Mt Lawley prices are soaring you would need at least $650,000 to purchase a house which needs a reno unless purchasing a unit or on main road or on subdivided block.
I would also look at areas that are located near these inner city areas that may still be undervalued.
Regards, M
Hi Simon G
Got some interesting stats in the mail today, profile/info on Rockingham
Median House price 2000 – $110,200
Median House price 2005 – $273,000This is % Growth rate of 148.0%
Good luck.
Regards, M
PS
do a search, there’s lots of info on various areas in Perth including Rockingham
