Project Overview
The size of Warradale is approximately 1km2. It has 2 parks covering nearly 1% of the total area & there is 1 school located in Warradale. The population of Warradale in 2001 was 2,988 people. By 2006 the population was 4,499 showing a population growth of 51% in the area during that time. The predominant age group in Warradale is 40 - 49 years. Households in Warradale are primarily sole parent and are likely to be repaying between $600.00 - $800.00 per month on mortgage repayments. In general, people in Warradale work in a non-specific occupation. In 2001, 80% of the homes in Warradale were owner-occupied compared with 79% in 2006. In 2009 the median sales price of houses in the area was $405,000.
Objectives
To maximise the investor's return on investment through speculative property development
Project Details
| Address | 19 Lincoln Ave |
| Site Size | 784 m2 |
| Council | Marion |
Proposed Development
| # Allotments / Dwellings | 3 |
| Type of Dwellings | 1x 142.31m2 Double Storey Detached Dwelling & 2 x 155.37m2 Double Storey Flat Building |
| Construction Materials | Brick/ Timber / Colourbond Roof / Gyprock |
| Buyer Demographic | First home owners,older people down sizing and Investor's |