WA What areas - Perth

Discussion in 'Where to Buy' started by MTR, 27th Nov, 2015.

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  1. mrdobalina

    mrdobalina Well-Known Member

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    there's more to life than working
    Anyone read the paper today about the $1m 1 bedroom apartments at Elizabeth Quays? Crazy.
     
    mrdobalina, 30th Nov, 2015
    #61
  2. Aaron Sice

    Aaron Sice Well-Known Member

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    it still stands, that apartments with a point of difference will do well, and cookie cutter bullsh t doesn't - no matter what the spec.

    it also proves that smaller developments continue to do well.
     
    Aaron Sice, 30th Nov, 2015
    #62
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  3. JohnPropChat

    JohnPropChat Well-Known Member

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    Ain't that the magic ingredient. Product differentiation other than just price.
     
    JohnPropChat, 30th Nov, 2015
    #63
  4. Aaron Sice

    Aaron Sice Well-Known Member

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    but don't tell the agents that - they're all about their "comparative sales data" RPData/Pricefinder stapled screenshot print.
     
    Aaron Sice, 30th Nov, 2015
    #64
  5. Blacky

    Blacky Well-Known Member

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    One-bed units at Elizabeth Quay top $1 million

    Wowsers.

    It will be interesting to see what happens on completion. I wonder if there are many speculating on these? or mostly home buyers?

    Could create a bit (more) of an appartment glut in the city.

    Blacky
     
    Blacky, 30th Nov, 2015
    #65
  6. sanj

    sanj Well-Known Member Premium Member

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    Dont agree with the apartment glut comment, this truly stands alone, there are no comparables atm.I don't have high hopes for buyers making money on this though
     
    sanj, 30th Nov, 2015
    #66
  7. Blacky

    Blacky Well-Known Member

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    What bit dont you agree with? Are you saying there isnt a glut?
    Or that these appartments are a 'step above' everything else available in Perth City and therefore not going to compete/add to the current market?

    Blacky
     
    Blacky, 30th Nov, 2015
    #67
  8. sanj

    sanj Well-Known Member Premium Member

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    the 2nd bit.

    i dont think this will have an effect on the cbd apartment market as a whole due to its unique nature.
     
    sanj, 30th Nov, 2015
    #68
  9. MTR

    MTR Well-Known Member

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    when you say not dropping, anything above $750k will be much harder to sell and this is where you may see prices fall, if not already
     
    MTR, 30th Nov, 2015
    #69
  10. MTR

    MTR Well-Known Member

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    They are very nice project, my g/friends project, Lots of interest at the moment
     
    MTR, 30th Nov, 2015
    #70
  11. MTR

    MTR Well-Known Member

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    what more expensive than luxury apartments Overlooking Kings Park
     
    MTR, 30th Nov, 2015
    #71
  12. Spanna

    Spanna Well-Known Member

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    apparently Scarbrough units have had a 6.1% YOY growth (artical on domain)
     
    Spanna, 30th Nov, 2015
    #72
  13. rhinsor

    rhinsor Well-Known Member

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    I've never looked above 750K, I'm not that rich :oops:

    I mainly look under $500,000.
    Probably why they haven't dropped that much since many people can afford these prices.
     
    rhinsor, 30th Nov, 2015
    #73
    MTR likes this.
  14. MTR

    MTR Well-Known Member

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    Yokine ticks lots of boxes:)
     
    MTR, 30th Nov, 2015
    #74
  15. Ambit

    Ambit Well-Known Member

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    P
    Probably the new stock having an influence. I have an older unit in the redevelopment zone and the value goes up and down like a yo yo. Not so hot at the moment.
     
    Ambit, 30th Nov, 2015
    #75
  16. moridog

    moridog Well-Known Member

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    I caught the tail end of an auction in Morley yesterday, not certain if it was passed in but two separate people told me last bid was 725 K, in the Morley Development Area or similar, off Wellington Rd opposite the park, rec centre etc. one guy told either was zoned R 60, or likely to be.
     
    moridog, 30th Nov, 2015
    #76
  17. Jamie_

    Jamie_ Well-Known Member

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    Seeing more and more auctions recently around the $1m mark... all the ones that i've seen bar one (probably 8 in the last fortnight that I personally went too) sold on the day.
     
    Jamie_, 1st Dec, 2015
    #77
  18. Jamie_

    Jamie_ Well-Known Member

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    I assume it was this one?
    3 MANGINI STREET Morley WA 6062 - House for Sale #121160662 - realestate.com.au
     
    Jamie_, 1st Dec, 2015
    #78
  19. Mogwai

    Mogwai Member

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    Mogwai, 1st Dec, 2015
    #79
  20. MTR

    MTR Well-Known Member

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    I am not familiar with end values for this product in this area, do you have an idea?

    Decent size villas. I did sums on around 1300 per sqm ?



    MTR
     
    MTR, 1st Dec, 2015
    #80
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