Hi Suzie,

That’s great to hear! I think alot of people are starting to see the potential up there… if you have a look at the prices of blocks at Jindalee (the next suburb below) you will be quite suprised!!

Wayne Leech

http://www.WaynesGuide.com – Accommodation in Western Australia.
List your holiday home for FREE!

no probs:) another idea would be to look for a run down 4×2 in the old part of merriwa & clarkson. This way you can get something alittle cheaper – then add value to it when you have some spare time and money.

I did this with my second IP in merriwa… it cost me $20k to do it up… though it’s now worth $120k more than i paid for it…

if you could get in the old part of ridgewood aswell, i reckon you would do good.

The other thing to look out for is marmion ave going through to yanchep late this year…. this will open up a few opportunities!

Wayne Leech

http://www.WaynesGuide.com – Accommodation in Western Australia.
List your holiday home for FREE!

Hi Guys,

I’m from Perth, Northern Suburbs. Like all booms there must be an ending, though I believe that we are looking at least 12-18 months before things slow down.

I see people camping out at all the new land estates every weekend. Last weekend at somerley 24 blocks of land sold out within 2 hours!

In the northern suburbs the factor that seems to be driving up the established prices is the replacement value.

For example, you have a few older suburbs, eg, clarkson, merriwa, ridgewood – which all have brand new estate developments next to them.

The costs of H&L packages in the new estates, such as clarkson are $300k+ therefore agents are bringing the cost of the older houses up to match this – based purely on replacement value.

I’m currently building at the moment, and the costs of building are continually going up! I had a contract with WA housing Centre by where they tried to put a price increase of $20k on my contract within 2 months!! I left them, and am now with Home Buyers – though all builders seem to be averaging 1-2% increase each month!

Baed on the demand, with the land releases going up each month, and the building costs also going up… I’m not sure what will slow it down?? Maybe once all the land is sold off??

Another factor that should be considered is affordability. If you compare the % of wages that people in eastern states put towards their mortages – compared to people in WA – then you will see that we can still afford to contribute more. I read a report that said the average wage in WA is only $70 per week less than eastern states… though I’m not sure how accurate this is!

Anyway, back to work:)

Cheers

wayne

Wayne Leech

http://www.WaynesGuide.com – Accommodation in Western Australia.
List your holiday home for FREE!

Hi Marisa,

Good to hear it’s going well!!

I’ve just signed up with WA Housing Centre for a H&L in Sommerly.

They’ve said it will take 12 months – though I’ll believe it when I see it:)

– Wayne

Wayne Leech

*Below are links to my websites – any feedback, comments would be appreciated:)
http://www.holidayhomeswa.com.au – Holiday Homes in Western Australia
http://www.wheretostaywa.com.au – Accommodation in Western Australia
http://www.homesearcher.com.au – List your property for FREE

g’day all,

Rob – in regards to the rotting seaweed – I too looked into this – though this only affects the Two Rocks area… Eg, there’s a lot of weed that gathers around the “Two Rocks” beach area…

Ausprop, I wouldn’t mind seeing some of those pics ya have:) btw, have you looked at the blocks being re-sold in Ocean Lagoon Estate? There’s some there for $265k with awesome views – that won’t get built out!

grossrealisation – we’re building a standard 4×2 project home…the costs at the moment are between $110-$120 for a 4×2 – customised to fit a 14.5m block. Most builders are building up in Somerley…

I had another meeting with WA Housing Centre on Friday – they seem to have some nice plans at reasonable prices – so we’ll probably go with them:)

Btw, for anyone interested in that release at Ridgewood (brighton) – I heard people camped out from Wednesday night – with the first 5 buyers, taking 2 blocks each!!! Apparently there was quite a bit of arguing going on as the next release isn’t until February so the stock in that area is getting quite limited!

– Wayne

Wayne Leech

*Below are links to my websites – any feedback, comments would be appreciated:)
http://www.holidayhomeswa.com.au – Holiday Homes in Western Australia
http://www.wheretostaywa.com.au – Accommodation in Western Australia
http://www.homesearcher.com.au – List your property for FREE

Hi Guys,

A bit off topic, though it’s 10pm and have just finished a meeting with skyline homes…

We’ve basically narrowed it down to using HomeBuyers or Skyline Homes – though can’t decide which one to use?

Skyline seem to give you more for your money, though they lack on “glossy brochures and fancy display homes”, whilst Homebuyers seem alittle more professional – but more expensive.

Also, Homebuyers are saying 11 months for completion – whilst skyline are 14 months.

Has anyone had experience with either of these builders?

Any feeback would be much appreciated!

cheers

Wayne

Wayne Leech

*Below are links to my websites – any feedback, comments would be appreciated:)
http://www.holidayhomeswa.com.au – Holiday Homes in Western Australia
http://www.wheretostaywa.com.au – Accommodation in Western Australia
http://www.homesearcher.com.au – List your property for FREE

ilearner,

Sorry mate, but I would have to disagree. Are you sure you’ve done your research??

Yes, my opinion may be biased as I already have a block up there – though what your saying doesn’t make sense.

Take a look at the figures – 22.9% in the last 12 months – similar in the years before – this is without any development or infrastructure happening.

From an investment point of view – no infrastructure is a bonus, as when this goes in is when you make the money. $10M has just been committed for development on Marmion ave – which is due to start next year. Shouldn’t that be seen as a positive?

Have you also researched into the planned developments at Alkimos – above Jindalee? Another postive..

Compare Yanchep to the suburbs below, ocean view blocks are still much much lower than other developments such as Jindalee and Quinns Rock.

Btw, are you aware that purchasers can’t flip blocks in Capricorn? A majority of people buying up there will be living there.

I would encourage people to drive up there too – it’s a beautiful place that has a lot to offer!

– Wayne

Wayne Leech

*Below are links to my websites – any feedback, comments would be appreciated:)
http://www.holidayhomeswa.com.au – Holiday Homes in Western Australia
http://www.wheretostaywa.com.au – Accommodation in Western Australia
http://www.homesearcher.com.au – List your property for FREE

Hi Kp,

I’m in the middle of purchasing a H&L as a PPOR – so unfortunately my cashflow and finance is stretched to the max…

The other half, is sick of renting and renovating – so I’ve had to focus on a house of our own as my next purchase;)

Saying that though, if I could afford it – I would go for it!

Marmion ave is planned to start early next year, and take 9 months to complete. If this happens, and the market indicators keep going as they are – I would comfortably say 15-20%+

Yanchep was 22.9% for the last 12 months.

– Wayne

Wayne Leech

*Below are links to my websites – any feedback, comments would be appreciated:)
http://www.holidayhomeswa.com.au – Holiday Homes in Western Australia
http://www.wheretostaywa.com.au – Accommodation in Western Australia
http://www.homesearcher.com.au – List your property for FREE