Hi all, has anyone done a development or purchased a development block in Coolbellup? Not being familiar with the area myself, I've noticed there are some R30, R60 and R80 opportunities around the suburb. Since the zoning changes, has the area experienced considerable growth or is it yet to take off? Seems like a decent long term prospect at a quick glance. Cheers!
Spearwood I think. I don't think I've heard of anything taking advantage of the new zonings in Coobie yet. End values are probably not clear. I think it has potential though, especially in the nicer parts closer to the uni.
It had quite a bit of growth with the proposed zonings. Things sold super quick about 2yrs ago when we had that mini boom. Prices have pulled back in the area and it will be interesting to see if the zoning changing stimulates any growth but I suspect not - same as Girrawheen, Koondoola probably won't move much. We will however start to see new stock from people that might not be so fussy with end values which will be interesting to see how the market reacts to that. So out of your a or b, I'll lock in C Eddy. C= had growth, no growth now, area to watch
Yeah get near the school/uni. Otherwise.....the old 'yeah....nah'. Coobie still has a wince from locals when you mention it , not the head tilt, dropped mouth with eyebrows raised. That alone spells the market for you.
Don't know, Tano. I just can't see the appeal of mass-suburbia in a small house on a small lot. Coobie has very nice pockets and some very serious shortcomings within a 250m radius of each other. Being opposite a park might be the saving grace - depends on the park, I guess. Sit in your car on a Friday night and observe...? What 'pocket' is on the other side of the park? I don't see any shortfall in demand for appropriate homes near education, ever. Never have.
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