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Rental Reality for New Development

Discussion in 'General Investing Discussion' started by waz11, 9th Aug, 2007.

  1. waz11

    waz11 New Member

    Joined:
    30th Jul, 2007
    Posts:
    2
    Location:
    sydney,nsw
    Hi guys,

    I was after some opinions from people on what they would do for this situation.

    I am looking with great interest at a new development that in my opinion will dramatically change the face of the suburb it is in. The suburb is one that is by no means a suburb that one would steer clear of, but it surrounded by suburbs that are definetly a step above it in terms of desireability.

    The development is being done on the water - where there has been no residential property previously in this suburb.

    My problem is that I think that the Rental Reality formula is a great tool. I just can't quite get my head around how I could use it in this particular situation. There is nothing that compares to this development in this particular suburb, and if I was to simply use the surrounding suburbs to put in to the formula I don't feel this would be accurate based on the fact that this is a brand new development.

    If anyone has some ideas for me on how I should look at this situation it would be greatly appreciated.

    Cheers,

    Waz11
     
  2. Leandro

    Leandro Well-Known Member

    Joined:
    8th Dec, 2005
    Posts:
    228
    Location:
    Sydney
    When i read this post i immediately thought of the Prince Henry Hospital redevelopment around little bay. I may be way off though :confused:
     
  3. waz11

    waz11 New Member

    Joined:
    30th Jul, 2007
    Posts:
    2
    Location:
    sydney,nsw
    Leandro

    Close but no cigar. I did have a look through the Prince henry site a while back and liked what I saw.

    Has anyone got any ideas re: the Rental Reality application here?

    Waz11