WA Your thoughts (Perth)

Thanks for your response. It's for my residence and I may lease in future.Work distance is not an issue as i am willing to commute

 

If you're planning living there are you over 55?

 

Nopes.33 and single at moment.I can live here and when i have family then i can lease and move sonewhere.Or demolish and make a house for myself

 

Since there is a good land component wouldnt it be a great investment from value perspective?

 

Its a complex for people over 55 years. Its 1 villa of over 80 in the complex / community. The chance of getting permission from the other 80 residents to do a demo and rebuild I would assume would be nil.

 

I'm going to assume that you are younger than 55 so you can't live in it and in a complex like that everything is controlled by the body corporation so you can't just demolish and rebuild. Over 55s dwellings can only be 100sqm to meet the requirements on their title

Over 55s have restrictive regulations and generally poor capital growth due to limited people willing to buy.

 

Hey @radioactive. You've mentioned a good land component and so now I'm wondering if the link you put in is not what you are talking about? You linked 56/1 Jackson Road Como WA 6152 - Retirement Living for Sale #125992858 - realestate.com.au which would have very little land component.

 

Sub $400k with some long term potential - Suburbs surrounding Cannington.

 

Thanks alot.Whats your view on piara waters, success,Hammond park,spearwood?

 

Thanks for detailed response.My bad- I didnt knew the concept of retirement villa.