Blocks of Land in Perth
May 1st 2006 | 6:24 pm
#16
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From: Ilukapool. WA
Re: Blocks of Land in Perth
Originally Posted by Vash the Stampede
Simply ridiculous. What an absolute waste of money.
Might as well live in the UK for that price.
Might as well live in the UK for that price.
May 1st 2006 | 6:26 pm
#17
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Re: Blocks of Land in Perth
Originally Posted by renth
Whats more, the beachside lots at this particular estate are only 50 metres from the beach. Sounds great doesn't it? until you learn the beach in this particular spot erodes back on average 1 metre per year. So in 50 years or sooner these houses will be falling in to the sea. :scared:
So in 50 yrs you will have a free indoor water feature! Sure to add loads to the value!!
May 1st 2006 | 6:34 pm
#18
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Re: Blocks of Land in Perth
Originally Posted by renth
Whats more, the beachside lots at this particular estate are only 50 metres from the beach. Sounds great doesn't it? until you learn the beach in this particular spot erodes back on average 1 metre per year. So in 50 years or sooner these houses will be falling in to the sea. :scared:
It's really tough on the youngsters wanting to get a home of their own 
May 1st 2006 | 6:36 pm
#19
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From: Ilukapool. WA
Re: Blocks of Land in Perth
Originally Posted by moneypen20
Must do a search and see what sort of house you can fit on that space
May 1st 2006 | 6:40 pm
#20
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Re: Blocks of Land in Perth
Originally Posted by renth
A long thin one.
Sounds dreamy!
May 1st 2006 | 6:42 pm
#21
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From: Ilukapool. WA
Re: Blocks of Land in Perth
Originally Posted by moneypen20
And presumably no side windows Sounds dreamy!
Sounds dreamy!
May 1st 2006 | 6:49 pm
#22
Fighting my corner
Joined: Aug 2005
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From: Adelaide, South Australia
Re: Blocks of Land in Perth
This is just insane.
Let's think about it for a moment.
You can buy a fully renovated 3x1 (surrounded by gorgeous bushland) on a quarter- to half-acre block in the Adelaide hills for $240,000-$285,000. All this and only 25 minutes' drive to the city.
Or you can buy a wildly overpriced snippet of land in a new WA suburb, with no privacy and a little boxy UK-size doghouse.
Gee, I wonder which one I'd prefer...
Let's think about it for a moment.
You can buy a fully renovated 3x1 (surrounded by gorgeous bushland) on a quarter- to half-acre block in the Adelaide hills for $240,000-$285,000. All this and only 25 minutes' drive to the city.
Or you can buy a wildly overpriced snippet of land in a new WA suburb, with no privacy and a little boxy UK-size doghouse.
Gee, I wonder which one I'd prefer...
May 1st 2006 | 6:54 pm
#23
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Joined: Apr 2004
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Re: Blocks of Land in Perth
Originally Posted by Vash the Stampede
This is just insane.
Let's think about it for a moment.
You can buy a fully renovated 3x1 (surrounded by gorgeous bushland) on a quarter- to half-acre block in the Adelaide hills for $240,000-$285,000. All this and only 25 minutes' drive to the city.
Or you can buy a wildly overpriced snippet of land in a new WA suburb, with no privacy and a little boxy UK-size doghouse.
Gee, I wonder which one I'd prefer...
Let's think about it for a moment.
You can buy a fully renovated 3x1 (surrounded by gorgeous bushland) on a quarter- to half-acre block in the Adelaide hills for $240,000-$285,000. All this and only 25 minutes' drive to the city.
Or you can buy a wildly overpriced snippet of land in a new WA suburb, with no privacy and a little boxy UK-size doghouse.
Gee, I wonder which one I'd prefer...
May 1st 2006 | 7:16 pm
#24
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From: Perth
Re: Blocks of Land in Perth
Originally Posted by Vash the Stampede
Simply ridiculous. What an absolute waste of money.
Might as well live in the UK for that price.
Might as well live in the UK for that price.
Forget where you'd actually want to live, where would you rather risk your money at this moment? In UK property or in Perth property?
May 1st 2006 | 7:27 pm
#25
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From: Ilukapool. WA
Re: Blocks of Land in Perth
Originally Posted by NKSK version 2
Forget where you'd actually want to live, where would you rather risk your money at this moment? In UK property or in Perth property?
May 1st 2006 | 7:29 pm
#26
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From: Perth
Re: Blocks of Land in Perth
Originally Posted by renth
Right now? UK property. Stable currency, proximity to Europe, Limited land/housing availability.
But I do want to get into the mindset of those people who want to pay so much money for such rubbish.
May 1st 2006 | 7:32 pm
#27
Breeding little aussies
Joined: Mar 2005
Posts: 963
From: Perth WA
Re: Blocks of Land in Perth
Originally Posted by Muzza04
And more so, who are they? Are they locals? I doubt it. Probably from overseas and interstate and perhaps developer/real estate agents.
Something is going on. I think its the Vested Interests placing these people there to create an atmosphere that demand is still high and everything is good, thus the press report it and henceforth the panic buying continues unabated.
These blocks will now be going for $150k+ in Butler and add on the build wait times and rising costs, it's a risk.
Of course to call the peak in the market is crystal ball stuff, however, in subdivisional development, (ie developers) there is a real push on for land to be developed and titles handed over quickly in anticipation of when prices stop rising and maybe start dropping. Most Civil Contractors are now overwhelmed with work, delays are starting to creep in due to shortages etc
Boom and Bust....has happened in UK and the eastern states. Perth has not really seen as such, and this is the argument the VIs constantly state.
Greedy speculation has now taken over.
Something is going on. I think its the Vested Interests placing these people there to create an atmosphere that demand is still high and everything is good, thus the press report it and henceforth the panic buying continues unabated.
These blocks will now be going for $150k+ in Butler and add on the build wait times and rising costs, it's a risk.
Of course to call the peak in the market is crystal ball stuff, however, in subdivisional development, (ie developers) there is a real push on for land to be developed and titles handed over quickly in anticipation of when prices stop rising and maybe start dropping. Most Civil Contractors are now overwhelmed with work, delays are starting to creep in due to shortages etc
Boom and Bust....has happened in UK and the eastern states. Perth has not really seen as such, and this is the argument the VIs constantly state.
Greedy speculation has now taken over.
There are currently no blocks in Butler, the new releases are in Ridgewood, but because oit's the same develpoer and the same sales office i'm convinced most people don't have a clue its a different suburb. For a 650m2 block you'll pay around $180k+ and they are few and far between. At the last release but 1 (5 weeks ago) most of the people camping out were locals,any of them already having built in the area looking to do so again, some were young couples looking to start out, some were undoubtably invstors.
As for investing your money in either property market, for many people it's not about making money, its about having your own home, feeliong secure and settled and provising the home you want for your family. Not everything in life is about how much money you are going to make out of it or not as the case may be.
Lynn
May 1st 2006 | 7:36 pm
#28
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Joined: Nov 2005
Posts: 86
From: Perth WA
Re: Blocks of Land in Perth
So in 50 years or sooner these houses will be falling in to the sea. :scared:[/QUOTE]
LOL, nah Renth, with the quality (not!!!) of houses being built these days, they will have fallen down long before that. :scared: That's one of the reasons that I have decided to keep my little ole house in an older leafier suburb and do some serious renovations. Apart from that to relocate I will be looking at around $20K just in stamp duty. Bugger that.
LOL, nah Renth, with the quality (not!!!) of houses being built these days, they will have fallen down long before that. :scared: That's one of the reasons that I have decided to keep my little ole house in an older leafier suburb and do some serious renovations. Apart from that to relocate I will be looking at around $20K just in stamp duty. Bugger that.
May 1st 2006 | 7:36 pm
#29
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From: Perth
Re: Blocks of Land in Perth
Originally Posted by movetoperth
There are currently no blocks in Butler, the new releases are in Ridgewood, but because oit's the same develpoer and the same sales office i'm convinced most people don't have a clue its a different suburb. For a 650m2 block you'll pay around $180k+ and they are few and far between. At the last release but 1 (5 weeks ago) most of the people camping out were locals,any of them already having built in the area looking to do so again, some were young couples looking to start out, some were undoubtably invstors.
As for investing your money in either property market, for many people it's not about making money, its about having your own home, feeliong secure and settled and provising the home you want for your family. Not everything in life is about how much money you are going to make out of it or not as the case may be.
Lynn
As for investing your money in either property market, for many people it's not about making money, its about having your own home, feeliong secure and settled and provising the home you want for your family. Not everything in life is about how much money you are going to make out of it or not as the case may be.
Lynn
I agree but for some recently arrived migrants who are not sure whether Perth is for them it is a big gamble in the current state of the market. What happens if things go pear shaped and they wish to leave in a couple of years?
May 1st 2006 | 7:42 pm
#30
Breeding little aussies
Joined: Mar 2005
Posts: 963
From: Perth WA
Re: Blocks of Land in Perth
Originally Posted by NKSK version 2
I agree but for some recently arrived migrants who are not sure whether Perth is for them it is a big gamble in the current state of the market. What happens if things go pear shaped and they wish to leave in a couple of years?
Lynn
