WA Post a Bargain - Perth 2018

Not without a *lot* more information!

It possibly might not make any difference at all.

Maybe have a chat to some local real estate agents as a starting point?

 

Pretty much nix because you can't do anything without the other owners' consent.

 

*sigh* - @sanj

 

You don't buy this property to be positively geared...
Yea rental return is low and there are probably out of pocket 200 AUD per week. The real value is in the land and CG....

Ashfield is for med/long term thinking (5 years+). It is not suitable for short term gain.

 

rents in Ashfield were really hammered in the downturn. Never seen anything like it in past 14yrs. My rent went from $420 to $300. In same time Bassendean went from $460 to $410. I’ve noticed Beechboro got hammered recently too. Same sort of figures as Ashfield. I guess because there has been so many properties available to choose from.

 

My IP in Cloverdale too. $440 -> $280. It's a big drop but I knew that $440 would never last.

 

My IP in Balcatta dropped from $450 to $320

 

Come to think of it I was getting $440 for Ashfield. I found a few potential Ashfield tenants were also looking around your area too, wanting to be close to the airport and lots of properties to choose from.

 

Must be a little hard to take that drop...

 

Hey guys
What over rides? Council or State policy?
@Westminster @Aaron Sice

 

It's not a council decision. All comes from r codes which is a state publication. If I'm not mistaken local councils cannot override those area requirements.

 

State/WAPC is the highest power - though you can appeal to SAT if they refuse.
State/WAPC is the only people with power to approve things outside the Rcodes.
Council can only approve what is in the rcodes and only built strata - survey strata and green title is approved by WAPC

@Anthony Brew remember that battleaxe in that instance is a green title style battle axe where there is no common property component and the leg of the axe belongs to the rear block. You can reduce it back to normal min/avg for the zoning by using the rear access leg as common property to more than one lot.

 

I should ** my notes and say State is higher power when it comes to subdivision sizes. Councils can have policies which override the rcodes, for example they can say that blocks need a 10m frontage even though the rcodes say less. It will be clearly defined in the Council Town Planning Scheme

 

Ahh ok, so with green title, after accounting for the rear access leg, it would end up pretty much the same amount anyway. Thanks Westminster.

 

I did a bit more reading on the ToB TPS, and apparently you only need 2 street front homes when subdividing. ~1500 m2 would give you 6-7 villa sites if you also used the rear laneway for access to reduce the common property area.

6-8 Scaddan Street Bassendean WA 6054 - House for Sale #128216626 - realestate.com.au

 

Anyone have any updates on this? Cant find it anywhere on google.

 

3A&B Cobar St Armadale WA 6112 - House for Sale #128652942 - realestate.com.au

Cashflow positive day 1?

Enjoy. Department of housing sale btw.

This is the sort of thing that launched my portfolio - cashflow plus manufactured equity gain possibilities.

 

Maybe a duplex granny flat out the back to increase your $$$$

 

Like most suburbs Armadale has good and bad areas. That one is in a particularly bad area. Having said that, as long as one can find tenants It'll do well in the long term.

 

Perth population races past two million mark | PerthNow

I'm taking this with a grain of salt but according to this Perth's population has grown quite well in the past 12mths. The race to leave the state has slowed.