All Topics / Value Adding / How much to build 3 villa/units?

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  • Profile photo of Jen1Jen1
    Member
    @jen1
    Join Date: 2005
    Post Count: 26
    May 18, 2010 - 11:05 am

    Hey Zulik and Sonja – 5 years on. What did you do? How did it go?
    Jen1

    Profile photo of ChrisfromhastingsChrisfromhastings
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    @chrisfromhastings
    Join Date: 2009
    Post Count: 15
    May 19, 2010 - 2:22 am

    Carrum Downs has historically had high growth, but I personally wont buy there.  I don't think growth is sustainable due to the huge amount of land being released in the area.  You will get low 3s for a 3br  or about $280 for a 2 br. There are a lot of units planned for the next 12 months, which will make for a lot of competition come time to tenant.  Have a look at how many units are currently there and what is planned.  There is no rail and busses are mediocre. As for Pauldings as a builder, I think they went in receviership in December.

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