WA Perth market 2019

Discussion in 'Where to Buy' started by Rex, 2nd Jan, 2019.

Join Australia's most dynamic and respected property investment community
  1. marmot

    marmot Well-Known Member

    Joined:
    23rd Jan, 2018
    Posts:
    580
    Location:
    N.S.W , W.A
    Happens quite regularly around new subdivisions, especially when older housing was already there but in a run down state and may have been built 30-50 years ago in bigger blocks but surrounded by plenty of vacant land.
    The real estate industry love using these growth rates to spruik up things
    Madora Bay is also going through a lot of development with lots of new houses going up , then you have the older areas/houses of Madora Bay, and to confuse things a little more there is the "new" old Madora Bay.
    Think there is also a new road connecting straight into Secret Harbour and developments happening slightly inland around Lakelands
    The older small coastal townships between Mandurah and Rockingham are slowly all getting developed,and there is also plenty of vacant land.
    Some of the old Mandurah families that own lots of land around there are making a fortune
     
    Last edited: 10th Jan, 2019
  2. Rex

    Rex Well-Known Member

    Joined:
    12th Feb, 2018
    Posts:
    277
    Location:
    Perth
    @Aaron Sice how do you go about BCA compliance these days transporting an old house to a new site? Are you grandfathered on energy efficiency or do you have to retrofit insulation etc to meet current star ratings?
     
  3. Aaron Sice

    Aaron Sice Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,402
    Location:
    Ocean Reef, WA
    Cladding - all asbestos to be removed (incl bathrooms).
    When cladding is off, we insulate. We do the ceiling as batts at the same time.
    Wiring has to be brought up to code.

    Recommend leaving as a tiled roof because zinc/colorbond sheeting has pretty onerous tie-down details now.
     
  4. Rex

    Rex Well-Known Member

    Joined:
    12th Feb, 2018
    Posts:
    277
    Location:
    Perth
    Interesting. Your doing pretty well to transport and do all that for $45K.

    Good option for somebody looking to put a weekender on a rural block or similar.
     
  5. Aaron Sice

    Aaron Sice Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,402
    Location:
    Ocean Reef, WA
    Cladding removal is the asbestos removal - DIY - cost is the disposal.
    Cladding the house - DIY - cost is product only.
    Insulation - DIY - cost is product only.
    Wiring - ain't touching that. Done when the cladding is off. Much cheaper.

    While the cladding is off, the house is braced and cut in half. DIY all the dog work.

    Takes about 3-4 weeks total depending on sparky availability.

    Dont forget that once it's installed, I still have to hook everything up to mains, power, phone, sewer etc.
     
    Last edited: 10th Jan, 2019
  6. JohnPropChat

    JohnPropChat Well-Known Member

    Joined:
    10th Sep, 2015
    Posts:
    1,155
    Location:
    Perth
    What differentiates a sea container to live in vs a container home?

    [​IMG]
     
    Redwing likes this.
  7. Aaron Sice

    Aaron Sice Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,402
    Location:
    Ocean Reef, WA
    I don't know....!

    [​IMG]
     
  8. Aaron Sice

    Aaron Sice Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,402
    Location:
    Ocean Reef, WA
    Maybe trying to stop stuff like this
    [​IMG]
    [​IMG]
    [​IMG]
     
    Shogun and JohnPropChat like this.
  9. Shogun

    Shogun Well-Known Member

    Joined:
    26th May, 2018
    Posts:
    313
    Location:
    Perth
    ^^^^^ "It's noice, it's different, it's unusual."
     
    LisaSimpson and Aaron Sice like this.
  10. thatbum

    thatbum Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    2,252
    Location:
    Perth, WA
    I would have thought it was just because the median property changed from being a vacant lot to something with a house on it?
     
    property world and Aaron Sice like this.
  11. Aaron Sice

    Aaron Sice Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,402
    Location:
    Ocean Reef, WA
    There's the catch. Is it median suburb price or median house price?
     
  12. DAZ79

    DAZ79 Well-Known Member

    Joined:
    29th May, 2018
    Posts:
    188
    Location:
    perth
    property world likes this.
  13. Aaron Sice

    Aaron Sice Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,402
    Location:
    Ocean Reef, WA
    I was specifically referring to the massive jump - are we talking suburb median price (ie land being 250k, now average price 400k with houses on them) or are we median house prices only (being houses have gone from 250k to 400k).

    I believe it's the former.
     
  14. Westminster

    Westminster Tigress at Tiger Developments Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,747
    Location:
    Perth
    I believe it's houses vs houses. I've done a corelogic report on the suburb of Brabham and it does appear to show similar data

    upload_2019-1-11_19-50-33.png

    However there still can be other factors besides organic growth such as:
    - different land release stages being completed built and sold compared to what was being sold at the beginning of the year.
    - simply more expensive house instead of basic houses being sold would skew it upwards
    - houses outside of the new land estate which were cheaper being sold prior to January vs houses inside the new land estates afterwards being sold.
    -in 2017 there were a lot of shared equity houses sold in Brabham. I can't be sure how that data is recorded for the statistics but this is what I see in rpdata
    115 Partridge Street, Brabham, WA 6055
    In the listing it's listed at it's 80% price, small print shows it's a shared equity 80% private, 20% govt owned
    In RPdata it is shown as a $248k sale instead of a $355k sale
    upload_2019-1-11_20-5-8.png
     
  15. Rex

    Rex Well-Known Member

    Joined:
    12th Feb, 2018
    Posts:
    277
    Location:
    Perth
    Huh, Perth has a suburb called 'Brabham'. You learn something new every day. Seems to look like every other new outer suburbs land release; I probably wasn't missing much (except those sweet albeit statistically anomalous capital gains!).
     
  16. radioactive

    radioactive Well-Known Member

    Joined:
    3rd Mar, 2018
    Posts:
    128
    Location:
    Perth
    I believe there is also a new train station coming there.I saw in news the other day that brabham recorded max capital growth in Perth area.
     
  17. JohnPropChat

    JohnPropChat Well-Known Member

    Joined:
    10th Sep, 2015
    Posts:
    1,155
    Location:
    Perth
    Byford will also get a new station, doesn't make it any less of a suicide estate.
     
  18. Shogun

    Shogun Well-Known Member

    Joined:
    26th May, 2018
    Posts:
    313
    Location:
    Perth
    A Perth Facebook page was discussing crap suburbs to live in. Popular choices were Armadale, Mandurah, Thornlie, Midland and Butler Clarkson. Interesting all at the end of train lines. I am surprised so many in Ellenbrook have pushed for a train station.
     
  19. marmot

    marmot Well-Known Member

    Joined:
    23rd Jan, 2018
    Posts:
    580
    Location:
    N.S.W , W.A
    There is also lots of crap surburbs that are not at the end of the line so it can be rather subjective.probably more to with living in the outer sububs
    Its a bit like telling people not to play golf because statistically your chances of having a heart attack dramatically increase. .
    Or go to hospital, because your chances of dying there are a lot higher.
     
    Last edited: 12th Jan, 2019
  20. Shogun

    Shogun Well-Known Member

    Joined:
    26th May, 2018
    Posts:
    313
    Location:
    Perth
    True but Ellenbrook is a cheap place to buy and rent. It will open the suburb up to people who depend on public transport and make it easier to access for others. Not everything about having a train station is positive but ymmv.

    A train station might be a good thing for Ellenbrook or it may not. Time will tell. My current vote is not.