Amazulu

I guess PB could help on this. In several of your threads you've talked about coastal land as being a good investment, what areas do you mean ?, & what are your predictions for growth ?. I am a firm believer in property as an investment (done quite well in the UK), any help would be appreciated.

pommie bastard

Try Jindalee when they start to sell blocks with coastal views , or take punt at Yanchep/Two Rocks big Jap money has been promised , the goverment have plans to better transport to these spots.
Look at the population of Perth its spreading out along the coast people want sea views or sea breeze , I have seen coastal land go from $80k for 700sq to min $200k for 600sq in 5 years.
Do not build on the land if you can afford to sit on it , punters want to build their own dream and will pay for the right spot.

dotty

When you say coastal land do you mean with sea views or just 'near' the beach. How much would an actual ocean front block cost say within an hour of Perth?

By the way PB your posts are bloody informative, pity much of what you have said here the last year has zoomed over most peoples heads!

pommie bastard

Coastal burbs but sea views are worth big bucks , just read the West Paper and blocks are becoming harder to find so prices can only sky rocket.
Yanchep/two Rocks is with in an hour and will be less when the marmion goes through , those who know are buying in already.

Amazulu

Thanks PB, how far up the coast are these places ?. The plan is to buy land & sit on it in WA, we want to buy land & build on it in QLD.

Kiwipaul

If you buy land in WA and don't build on it you looses your $7,000 First home owners grant. You only get one bite at this cherry.

pommie bastard

Big deal why not buy a shack and then buy land too smiple.

pommie bastard

Jindalee 40 mins from centre of Perth by car ( train station down the road opens 2004) , Yanchep about an hour .

april

Good Advise, hope someone lisens

april

Lisens lol................

Anon E Mouse

Dont forget the Leighton Beach development... http://www.leightonproject.com.au

davidw

sorry to be slow, but i live near-ish to leighton and wonder what you mean, positives and negatives? looked at the site, not very accessible. i'd be grateful to learn more about the leighton development plan and implications.

thanks!

davidw

pommie bastard

Very pricy but a good investment may be out of the range of new immo's.