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Blocks as small as 171sq m arrive in Perth
Topic Started: 2 Oct 2013, 11:07 AM (2,172 Views)
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Blocks as small as 171sq m arrive in Perth

THE mini-lot has well and truly arrived, slicing the size of the once-considered modest cottage lot in half.

Blocks starting from 171sq m are part of a new land release in popular Baldivis this week, showing developers are well into the trend of launching smaller lots.

Cottage lots in Perth have been known to vary between 250-350sq m.

Full coverage - the best WA Real estate news

The $112,250 block at Stockland’s Settlers Hills estate works out to about $656 a square metre.

The median block size in the Perth metropolitan area is 450sq m.

Stockland WA general manager Col Dutton said affordability remained the No.1 issue for homebuyers – and with first homebuyers in particular.

‘‘We’ve been working closely with our builder partners to come up with highly affordable new home sites and innovative new designs at Settlers Hills,’’ Mr Dutton said.

‘‘I expect these affordable low-maintenance lots will particularly appeal to younger buyers and downsizers who want the convenience of living within easy reach of shops and restaurants,’’ Mr Dutton said.

Block sizes have been shrinking in Perth for more than a decade, Urban Development Institute of Australia statistics show.

http://www.news.com.au/realestate/news/mini-lots-on-in-perth/story-fndbaln9-1226720295443
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stinkbug
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At that price you could build a modest 3 BR house and pay only about $300-$350k for your property. Block sizes that small do suck, though.
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miw
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stinkbug
2 Oct 2013, 01:06 PM
At that price you could build a modest 3 BR house and pay only about $300-$350k for your property. Block sizes that small do suck, though.
Well, it would be like a nice 3/2/2 courtyard apartment with no bloody body corporate to worry about! At less than $400k, in Brisbane that would be very good value in any suburb less than 35 mins from the CBD.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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Massive
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miw
2 Oct 2013, 01:12 PM
Well, it would be like a nice 3/2/2 courtyard apartment with no bloody body corporate to worry about! At less than $400k, in Brisbane that would be very good value in any suburb less than 35 mins from the CBD.
baldivis / settlers hills is pretty far from CBD ... ( closer to Mandurah )

a little bit shocked to see blocks that small selling that far from the city center
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herbie
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Massive
2 Oct 2013, 02:06 PM
baldivis / settlers hills is pretty far from CBD ... ( closer to Mandurah )

a little bit shocked to see blocks that small selling that far from the city center
Anything much there to attract retirees? I suspect we'll find lots of oldies won't be too worried about block size as time goes on.
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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Massive
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herbie
2 Oct 2013, 02:18 PM
Anything much there to attract retirees? I suspect we'll find lots of oldies won't be too worried about block size as time goes on.
small community mall and schools ... not much really .. was literally horse country a few years ago .. inland but close to rail line and freeway .. sister bought a full size block there for that price 6 - 7 years ago and sold .. i havent been there in ages though but cant see the appeal of tiny blocks in that location myself ...

no convenient medical facilities from memory , but that may have changed ...


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Kulganis
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It's a good 10-15 k drive to the nearest hospital up in Rockingham, there's also a small shopping centre, could be worth it.
"If man is to survive, he will have learned to take a delight in the essential differences between men and between cultures. He will learn that differences in ideas and attitudes are a delight, part of life's exciting variety, not something to fear." - Gene Roddenberry

"Balloon animals are a great way to teach children that the things they love dearly, may spontaneously explode" -- Lee Camp
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Massive
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sounds like SMSF scam to me .. but thats the skeptic in me ...
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mel
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Developer Nick Perrignon recommended to the industry for block sizes to go as small as 75sq m to combat affordability concerns, according to the UDIA WA’s blog.


:lol how is being forced into building a double storey a cost saving exercise?

Im sorry but after you take private space and setbacks into account 75sqm doesn't leave much more than a standard size double garage.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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Veritas
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mel
2 Oct 2013, 06:19 PM
Quote:
 
Developer Nick Perrignon recommended to the industry for block sizes to go as small as 75sq m to combat affordability concerns, according to the UDIA WA’s blog.


:lol how is being forced into building a double storey a cost saving exercise?

Im sorry but after you take private space and setbacks into account 75sqm doesn't leave much more than a standard size double garage.
But there are no affordability concerns.

Housing is just as affordable as it every was.

Who is this clown?

Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?

The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly.
Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
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