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Good to see this thread back in action. I’m sure I’m not the only one around these forums thinking of building in Perth, and it’s great to hear some information about builders/prices/delays etc.
Some more questions:
1)Has anyone got a two storey builder they would recommend? Any experience developing two storey housing, and is there anything in particular I should be aware of?
2)Does building a two storey for rental make sense? Has anyone done this,or is it more normal to be building a two storey as your PPOR?
3)Is land in Perth getting too expensive to make building a new home in an estate a worthwhile investment/development? Buying an older establshed dwelling actually looks like better value to me at the present time.
4)Does anyone have any favourite equations for working out land value vs house value when developing? I was told by a friend that the old rule of thumb in Perth used to be spend twice as much building the house as on the block, but that now he goes closer to 1:1.
Thanks!
And it’s VERY close to the airport, too. Great for when you’re running late for the plane!
Seriously, is this an issue? I looked up what’s available after reading Ausprop’s comment, and the RE seems pretty cheap. Is this because you’re buying the Perth equivalent of the home from ‘The Castle’?
[cap]
Ausprop, I’m a ‘North of the River’ kind of guy I guess…
‘windswept beach’ etc – well there’s a marina in Mindarie of course, and I believe there’s plans for another marina development between Quinn’s and Yanchep isn’t there?
The Jindalee development is meant to have a cafe precinct which I think will start to give the area a bit more of a cosmopolitan feel. There’s some develoment around the surf club area also.
In terms of infrastructure, the freeway and rail line should be going up to Butler in the not too distant future. Why should the southern suburbs have an advantage in that respect?
I’m not sure of the availability of employment nth vs sth. There’s plenty of heavy industry around Rockingham, which may of course be an advantage if it provides jobs, rather than the disadvantage I’d always thought of it as (lots of three-eyed fish!).
Rockingham may be the same distance as Butler (and I know there’s a few Rockingham fans around here and I’ll certainly check it out when i’m down south) – but I think of Butler/Quinns/Yanchep more as the alternative to Mandurah/Secret Harbour – cheapish `beachside living, at the price of a LONG commute if you have to work in the CBD.
Having said that, Quinn’s is the same distance to the Perth CBD as Mt Eliza is to Melbourne CBD, and people seem to cope with that. And the Perth beaches are awesome compared to the crud Melbounians have available to them.
I don’t know much about Sydney beachside property other than it’s sort of expensive. How far are Sydneysiders willing to live away from town in order to get a glimse of the blue stuff?
I thought I’d add my two bits – this is a great thread and has given me some great ideas.
1)Balga and subdivide. Most of the properties I’ve looked at on line seem to be being sold with this in mind now! I’m no expert on subdivision, but a big block 11km from the city and not too far from the beach has got to be a good thing, right?
2)Buy more stuff in the Northern Beachside Suburbs (beachside isn’t going out of fashion any time soon). As I posted elsewhere, I’m a fan of Quinn’s Rocks and its surrounds. Maybe Yanchep is a go. I’ve even thought of Lancelin in the past, though haven’t checked that one out lately. Mindarie to the south is out of my price range, so it’s Quinn’s or somewhere even further from civilisation for me.
Keep the Perth suburb opinions coming!
Look, it’ll be two weeks until I’m down in Perth. Can you guys stop buying everything so there’s still some land left for me when I get there? Thanks!
It does seem pretty hot at the moment. South of perth seems to have had most of the attention. But the northern beachside suburbs are closer to the CBD by far than Mandurah et al. Theoretically I want rare earth as close to the beach as possible – but a house and land in Butler for $200,000 or thereabouts sounded pretty good!
?buy land ?buy house (they’re sort of looking cheap compared to land prices). Mmmmm, 23% CG. Must buy something! [biggrin]
Sounds like I’ve missed the boat too then with Capricorn’s first stage. I live in Karratha so the camping out thing isn’t really an option for me either!. I’m about to be stuck in Perth for a few weeks though, and a trip to Yanchep seems to be in order given the buzz up there. I last looked at land there was early 2003; dare say things may be a little more expensive this time!
Quinns is the area I know best. Stage 12 of Osprey Estate (Richard Noble) was released a month or two back, it’s selling, but fairly slowly (no camping out there). You can see the water from some of the blocks. I last looked at Jindalee a couple of months ago – I heard a comment around here that it’s selling quite well, but the blocks aren’t particularly cheap. They have a third beachside stage to be released in the future.
I’m interested that the focus seems to be more on Yanchep now rather than Quinn’s. At the end of the day Yanchep is still a fair bit further from civilisation, even once Marmion avenue does go through.
There’s another thread where Ned_Kelly was talking about his development in Butler/Brighton. I’ve never been keen on the idea of being on ‘the other side of Marmion Avenue’, but the block prices did seem to give
the potential to build a really cheap IP.23% percent is pretty damn impressive. I don’t believe it can continue at this rate, but I think there’s still some upside. The resource boom is certainly continuing, based on the activity up in NW where I am at the moment.
I’m interested in building a spec home up in the northern beachside suburbs as an IP – Yanchep, Quinn’s or Butler. I’ve read the threads in these forums on Capricorn estate (Yanchep) and the Satterley development in Butler with interest. The final stage of Osprey Estate in Quinn’s is still available also.
Think I might do some land shopping when I’m down in Perth in a couple of weeks!
Hi redwing, I haven’t seen those figures – are they new? REIWA still has an article re: the June quarter as its headline on the front page with a median of $297,000.
Any way you look at it, the Perth market is performing strongly. I hope it continues!
