Yanchep – WA

$600K..*sheesh*..i was talking to a builder the other day who told me that on a $450K house you could save up to $180K by “Owner Building” i believe some Builders are inserting in a 20% variance for price fluctuations and the fact its taking 18 months to build?

Ausprop does this sound right?

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As a follow up to the 20% price variation, i was told by a family member that a builder they were talking to had included that variation and would be looking at up to $18K extra..?

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
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I bought my very first property in Yanchep. 15 years ago. I paid $7000 for a 800sqm block just behind the primary school and sold it 3 months later for $17000 +. I came out with my first ever $10,000 I had ever owned!!
I currently have property in Karratha & Geraldton, all of which have doubled since I purchased them only a couple of years ago. I also have a commercial property in Karratha returning 9.2% on 3 + 3 yr leases, which I am looking to sell to fund my next venture if anyone is interested.
Go Gero!! I live there now and luv it!

Jodie

jodieleigh,

I have recently been up the end of marmion ave and it looks to me like they have developed the land as far as marmion stretches. I also think that it does not look like it will slow anytime soon, therefore, for them to develop any further they will need to extend the road soon.

Montee

Daniel

presumably hospitals and infrastructure will follow… I know it was the deciding factor for my parents chosing Rockingham over Yanchep. Can’t go wrong with the price tho.

John Carroll

ha ha – where do I sign up Wayne?

John Carroll

Hi everyone.. I’m in Bunbury, WA..
here’s my 2 bobs worth.
I am sure whilst looking through the council notes that the Marmion ave extension was a condition of subdivision at Capricorn village, so it HAS to go through.

Bunbury recorded some 30% growth last year and is still the cheapest place around. An agent friend of mine says people are still flocking into the town for work. we have the Worsley Alunima expansion,(they will some be the largest in the world soon) plus heaps of large mineral sands companies here.. and some of the builders have just shut their display homes because they cannot handle any more work (todays paper) We are still heaps cheaper than Mandurah on one side and Busselton/dunsborough on the other and we have all the large employers.. Plus the goverment has just launched a plan to turn the outer harbour into another fremantle. $750 mill, I believe..My advice.. buy an older style place and hang on for 5 years. You can hardly get rentals here now! The property prices have risen dramitically but the rents haven’t much…. yet!

I don’t know if Yancep is ready yet. but could be good later.. The new rail line going south to Mandurah has stolen a lot of the attention. Work is progressing ok.. Tokyo have owned the land since Alan Bond sold it after the launch of the Americas cup. Perth really goes down south for it’s holidays. Busselton Dunsborough.. not many go northwards..
My comments; If the Yancep agent is around, give me a buzz, I’m interested..

Perth still seems to be happening, if slower. The amount of work here is amazing. For the first time in history, we are pulling people from the East by the droves and a lot of companies are looking overseas to get the labour they need. The mining industry is booming. I mean BOOMING. China is chewing up our iron ore and gas faster than we can get it out of the ground..

we’re fedup subsidising the rest of Aus..

Well That’s my bit.. hope it helps. If you want anymore specifics.. let me know.

Apostle

Hi everyone
Yes I know the Yanchep and Two Rocks area very well, and this place is set to absolutly BOOM!!!! This place has been very quiet since the Alan Bond days of Club Atlantis, Dizzy Lamb Lion Park etc etc. Those in the know are quietly going about snapping up the ocean front blocks, and the older established houses in Yanchep and Two Rocks which is about 8 klms further north. Two Rocks has the marina servicing the cray boats and has a small shopping center, servicing the Two rocks community.
In my opinion with the new Saint Andrews project coming online, and Marmion Ave due to be completed by early next year, along with pristine beaches, and safe swimming for the kiddies in Yanchep lagoon, this is a place that is definitly worth looking at. Good luck and peace to you all
Tony

I’m interested in Yanchep as well. I like the idea of anything coastal, and Yanchep does have the lagoon.

The reason why I bought in Quinns rather than Yanchep was proximity to CBD, and its impact on furture sales value. Yes, Marmion Avenue does make it a shorter journey, but equally it opens up a large area of coastal land for further development. You can fit several new suburbs between Quinn’s Rocks and Yanchep.

I also don’t really understand the nature of the local Yanchep economy ie is there enough jobs to support all these new people who’ll be moving in, or is the plan for new Yanchepians to commute to Perth to work?

On a more positive note, as an ex Victorian I know that people will happily buy beachhouses 3+ hours from the CBD as weekend getaways, so if you can build something with ocean views in Yanchep it may may be of future interest from this point of view.

I’m interested in other people’s thoughts on ‘Why Yanchep?’. I’m moving into my IP in Quinns this afternoon (I’ll be a Perth resident for the first time ever as of about 7pm – yeah![biggrin]), so I think a quick dash up the coast to see what’s happening at the Capricorn development may be in order.