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Coolbellup WA

Discussion in 'Development' started by LifesGood, 12th Jun, 2016.

  1. LifesGood

    LifesGood Home Building & Development Consultant Business Member

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    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!
     
  2. sanj

    sanj Well-Known Member

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    I think @MTR did one there, pretty sure there's a thread on SS
     
  3. MTR

    MTR Well-Known Member Premium Member

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    Kardinya:)
     
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  4. LifesGood

    LifesGood Home Building & Development Consultant Business Member

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    I was going to ask @Westminster but cooby isn't hipster enough for her!
     
  5. sanj

    sanj Well-Known Member

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    Oops. Where was the 3 pack that you did? It wasnt around there wasnt it? Hammy hill?
     
    Last edited: 12th Jun, 2016
  6. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

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    Willagee?
     
  7. thatbum

    thatbum Well-Known Member

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    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.
     
  8. MTR

    MTR Well-Known Member Premium Member

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    Spearwood
     
  9. MTR

    MTR Well-Known Member Premium Member

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    I like Cooby, bu I think end values may kill the deals here?
     
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  10. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    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
     
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  11. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    :p mmmm cos Clarkson is sooo hipster :p
     
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  12. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

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    Worth looking at if cashflow is positive and it's a long term hold?
     
  13. Aaron Sice

    Aaron Sice Well-Known Member

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    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.
     
  14. Big Daddy

    Big Daddy Well-Known Member

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    Me no understand
    School = good
    Everywhere else =bad ?

    What about park views ?
     
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  15. Aaron Sice

    Aaron Sice Well-Known Member

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    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.