WA Alkimos or Golden Bay (up to $450k)

Hi all,
This is my first post and been reading a while re Perth market. This will be our 2nd IP with a view of holding for CG as long as we can.
I’ve been warned that building in WA now can take up to 18months but we have limited option on established property due to our situation and risk profile (we live in Vic atm).

Question - if we are to build an IP and choose only between Alkimos and Golden Bay, what is our best bet?

Thank you!

 

Problem is if you lock in a contract price the builder can still pass on increases as product ie timber, steel is rising. Do you have a spare $60k if this happens?

Look at both areas, established homes

look at Rockingham thread
Waikiki
Cooloongup
Safety Bay
Warnbro

look at
Singleton
Secret Harbour
Port Kennedy


There may be some low entry options here, but window is closing

 

450K can get you a lot closer to Rockingham and it's existing/future infrastructure.

I am even hesitant go out to Port Kennedy when paying slightly more can get you a lot closer to rail etc. Plus it's all new builds there, with new land releases and more development happening soon. Will take time for it to come onto market, but it's supply nonetheless.

I'd go for a good 3/1 or 3/2 in Safety Bay, Waikiki or Warnbro. Left of Read St/WBS Ave still possible. Have to be quick though, market is very hot. I see many people coming in and not bidding their budget from the start, only for them to not be able to buy anything anymore within their budget couple months later

 

thank you.
I noticed you did not include Northern areas in some of the options. Is it because South is a better option? Yes start thinking twice of building if fixed price is really not ‘fixed’z

 

They are opposite ends of freeway. Not much at Alkimos except more vacate land.
It's a long long drive to get there.

I prefer North of river as a place to live then South.

 

So for an IP that is a bit far from the City, would you rather go South?
Thanks

 

Light, strong or cheap. Pick any two.

Property. Price, location or property type.
If price is fixed I would compromise on property type for better location.

Lot's of love on here for South ie Rockingham LGA. Just not for me. It's your money, your risk profile. Doesn't matter what I would do.

 

Thanks for your perspective though!

 

Like others have mentioned, Alkimos and Jindalee have no shortage of vacant land... If you want to go beachside in the north, those are your only options in the North for this price.

Quinns Rocks is good if you can get in. But at your pricepoint, you won't be able to, not even on the undesirable 'new quinn' area near the highway

Which leaves you only with options in the south if you want beachside... But honestly not for long

 

Merriwa or Clarkson are probably a price point for the OPs price point.

 

I’ve spoken to a few builder and apparently our $450k is now difficult to source in Alkimos if Oceanside and that Jindalee is nowhere near possible as it got expensive (the build has increased significantly and land prices steady albeit slow increase for now).