WA Post a Bargain - Perth

Discussion in 'Property Analysis' started by MTR, 17th Jan, 2017.

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  1. Scaphella

    Scaphella Well-Known Member

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    Thank you much appreciated !! Mine is 3.7m from brick wall to fence...need to measure the distance of the eaves... never heard of a reg14 h that's handy to know.
     
    Scaphella, 3rd Jul, 2017
    #461
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  2. Robotica

    Robotica Member

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    reiwa.com - 1 Bourke St, Kensington

    Quite a wide price range but seems cheap for a large block with a renovated home this close to the CBD? A lot of old unlivable housing authority homes in this area are going for land value at around 650 to 700. Why is Kensington cheaper than similar suburbs? General reputation, poor public transport, or the R15 zoning?
     
    Robotica, 9th Jul, 2017
    #462
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  3. Aaron Sice

    Aaron Sice Well-Known Member

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    Zoning for sure. Makes suburbs like this undervalued because the pressure will be on in 10 years time to rezone so might be a good buy now.
     
    Aaron Sice, 9th Jul, 2017
    #463
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  4. JL1

    JL1 Well-Known Member

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    So crazy cheap for what it is. Sandwiched between south perth, the vic park cafe strips, curtin uni and the river. Half the price of land to its left or right and a prime candidate for significant council rezoning at some point. This is text book bargain in Perth that so many people will look back in on a decade and say "I could have bought that, and if i did I'd be a millionaire now". Probably suit a low LVR buyer as it will have pretty low returns while you wait for the land to move.
     
    JL1, 9th Jul, 2017
    #464
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  5. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Yes long way to go but got the recovery has to start somewhere and I think it has. There will always be bargains to be had even in a hot market
     
    Westminster, 10th Jul, 2017
    #465
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  6. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Westminster, 10th Jul, 2017
    #466
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  7. Hwangers

    Hwangers Well-Known Member

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    Hwangers, 10th Jul, 2017
    #467
  8. Propin

    Propin Well-Known Member

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    Propin, 10th Jul, 2017
    #468
  9. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Westminster, 10th Jul, 2017
    #469
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  10. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Depends what is built, for how much and what comparables are going for. I've done no due diligence on it - just thought it potential for such a low point.
     
    Westminster, 10th Jul, 2017
    #470
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  11. Thiaga

    Thiaga Member

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    Thiaga, 10th Jul, 2017
    #471
  12. mrdobalina

    mrdobalina Well-Known Member

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    Blocks on Charles St greater than 1000sqm has a zoning of R100. The Airbnb logos are a bit weird.
     
    mrdobalina, 10th Jul, 2017
    #472
  13. Danyool

    Danyool Well-Known Member

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    The Airbnb logos are VERY weird!
     
    Danyool, 11th Jul, 2017
    #473
  14. Perthguy

    Perthguy Well-Known Member

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    Looks good to me. That's a nice part of Kensington. Just a few blocks closer to the river and the house prices jump considerably.
     
    Perthguy, 13th Jul, 2017
    #474
  15. Perthguy

    Perthguy Well-Known Member

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    Perthguy, 13th Jul, 2017
    #475
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  16. Aaron Sice

    Aaron Sice Well-Known Member

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    :eek:
     
    Aaron Sice, 13th Jul, 2017
    #476
  17. MTR

    MTR Well-Known Member

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    Both bargains, in particular, 42 Fifth Ave, as you could potentially develop this property.

    I see it was an out of area agent and went to auction, someone stole it, this would have been in high demand. Marketing must have been very poor, I don't get it. I am currently not in Perth, when I get back I will check it out.

    Second Ave not the most desirable location, but at this price who cares.
     
    MTR, 13th Jul, 2017
    #477
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  18. RetireRich101

    RetireRich101 Well-Known Member

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    3.5KM is like Redfern/Surry Hills to Sydney CBD. The suburb house median is 1.68M.
    There isn't any detached houses, only Terrace type houses

    That price would buy you 2 bed apartment with same KM from CBD
    25/758 Bourke Street, Redfern, NSW 2016 - Property Details
     
    RetireRich101, 13th Jul, 2017
    #478
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  19. MTR

    MTR Well-Known Member

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    I am not at all surprised.

    Blue chip has not recovered since the Perth crash of 2007. There are signs though,

    I even heard there was a Sydney buyer who offered $2.4M on a property in Coolbinia, but got pipped by someone in Perth. Some higher stuff is starting to move.

    Though in saying this, the properties posted are absolute bottom basement bargains, quite shocked. Lucky buyers, perhaps they got a real dud agent at these prices.
     
    MTR, 13th Jul, 2017
    #479
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  20. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    The second one is a great bargain. I always get put off by auctions but in this case it would have been worth going.
     
    Westminster, 13th Jul, 2017
    #480
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