Sorry I think I posted this in wrong thread topic before!
Hello
We are looking to invest in property mainly to utilise our tax a bit better (we earn over 100k each) but obviously first and foremost it has to be a sound investment for capital growth capabilities. We already have a home that we live in which we are paying off.
Was first looking at an NRAS property in Evanston SA and now i'm looking at other options first as I thought they seemed a little overpriced compared to other houses in the area.
My question is, would a new or near new townhouse in scarborough be a good place to invest? To me the area is great, being coastal and not far from perth. And with the new development going on there later. Also the rental returns seem good for the prices. BUT Scarborough has gone down over the past few years! I just dont know. I guess main concern is the property depreciating. Also this block size is only 280m2 so already quite small. I keep hearing "Perth is at its peak, somethings gotta give soon, mining looks like slowing down"…
Someone please help if you have any feedback?
Thanks
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