Hi All,
Just wanted to hear some comments / opinions about Investment Properties in Perth Suburbs. Could anyone suggest suburbs in Perth that are relatively close to the city (within 10 kms) that sit around the $210 – $250K range?
Also has anyone had any expirence with renting out housing to students, i.e. International Students. I am thinking about areas around universities to invest in, such as Bently, near Curtin uni. Does anyone have any thoughts about Bently and similar “uni” areas for investment property, would they be a good investment?
Any comments / opinions would be appreciated!
Cheers
Seb [
]With regards to Curtin Uni, look at Wilson and Karawara as well.
For Edith Cowan, consider Joondalup. In fact, I believe Edith Cowan will eventually shift its entire Churchlands campus to Joondalup. You can still get a good buy in Joondalup.
Hello Sebastian,
Joondalup has always been a favourte, as the rental market will do well. (see trueblues comments).
You will find that with most internatinal students they are well behaved. They have a fear of causing disruptions, due to their visa requirments.
Bentley is an excellent area also. International students will rent here at a premium. Place in some furniture, and a cleaner to come in once a week, and you will enjoy a healthy return.
David Femia
Femia Property Group
Property Investment Consultants
http://www.femiapropertygroup.com.auDavid,
Thanks for the advice. I had a look at your web page and was impressed, very comprehensive services that you offer! How do you structure your consultancy, is it like a mortgage broker / real estate agent, where if you find a suitable loan product and or property you receive a fee from the lender / agent?
Thanks, once again
Sebastian[
]Hello Sebastian,
Thankyou for your compliments.
We are independent and therefore do claim fees from anyone apart from our clients. We whelp with every aspect of the property purchase, and make sure you walk away knowing that you have made a good investment.
These days, a comprehensive service is needed, as with the abundance of information out there, it is easy to be confused, and make uninformed decisions.
Glad to be of service to you.
David Femia
Femia Property Group
Property Investment Consultants
http://www.femiapropertygroup.com.auHi Sebastian – I knew a landlord (a corner shop owner from Taiwan) who owned a house in Marquis St (opposite Curtin Uni) and would have made a mint out of (mostly) o/s students. The house was 3br, 1 bth, but a sleepout was converted into a 4th br and a granny flat built behind.
Out of 5 students he collected $45pw, ie $225pw total. This was for a house that I doubt would not have been worth more than $100 000 at the time (1990). Even with the higher interest rates then, it would have been very cashflow positive.
Yes, OS students make good tenants. My experience of them is that they are either studying in their rooms, working in some restaurant or out at the casino!
I don’t know if there have been recent developments, but most of the units in Bentley are near Dumond St, which is a housing commission area overlooked by the huge Brownlie Towers. The area near the uni is largely postwar 3-4br houses, good for share accomodation.
Peter
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