Hi all, What are your thoughts on infill developments? To me it seems like a no-brainer as even greenfield developments are flying off the shelf so to speak. I understand that infills have a much higher entry cost and I’m ok with that. What are the risks here? The usual stuff like settlement risk / delays / work quality? Particularly interested in the yarra bend development in Alphington as a future PPOR. Yarra Bend Alphington, YarraBend, Alphington, Vic 3078 - realestate.com.au
I don't know much about them. First big one I really saw was The Haig in Heidelberg Heights. Welcome to The Haig Something I noticed about those townhouses is that they sold for much higher prices than other new townhouses in the locality. It made me wonder if they would hold their value or if there would be a lower return at sale. Then I guess it would depend how long you hold for. Alphington is a good location!
Looking as a PPOR, so hold for a while as we’re planning to start a family also. The location is amazing for a young family.
Is it too early to tell if there is any kind of ongoing fee for holding a property like this? In WA it would be a strata levy. In the USA it would be HOA fee. I don't know if they have an equivalent in VIC but it would cover maintenance of facilities etc. Or are these stand alone?
Haha just the price isn’t so perfect. Speaking of price is there negotiation room on infills? Or is like a take it or leave it type thing as the product is in short supply.
Don't know about negotiating, you would have to call the developer. Looks expensive sure... just don't look next door in Kew!
If the market is dead then yes, if its hot then likely you will have 10+ other people bidding for the same site and we know what that means.
