I am looking with interest at two Northern Suburbs in Perth:
1) Joondalup – looks like Edit Cowan is moving Churchland campus there, this will create a lot of overseas students looking to fill rental properties. Plus ongoing infrastructure there is impressive
2) Clarkson – Train station to be up and running by next year, followed by extension of the Mitchell freeway. Shops and schools being constructed all the time.
What do fellow investors think about these two locations?? Please support or disagree so I can get some perspective before making my next purchase.
Any other locations in Perth worth purchasing for a buy/hold strategy?
Daniel
Hi Daniel
Prices are still reasonable around Clarkson and Joondalup. Also look further north at Quinns Rocks and south around rockingham. These are coastal suburbs which I think have potential. Feel free to contact me, after the great weekend at the seminar in Melbourne I would like to set up a network of property investors in Perth.
Tracey Imbuldeniya
Accredited Finance Consultant
0401 674464Hi Tracy,
I am quite new to property investment having just purchased my first property and am currently doing some research / developing a strategy for next financial year so that I may purchase at least another property before December.
I found your idea about developing a network of Perth investors interesting, what do you have in mind? What is it that you do exactly, I notice that you are a finance consultant, what do you specialize in, home finance?
Do you have any thoughts about some more inner city suburbs?
Thanks
Sebastian
[
]Hi Sebastian
I spoke to a few of the WA contingent at the Seminar and suggested that we could get together to talk about our goals, find out what other are up to, and share information. I am a finance consultant also and I can help you with home loans, investment loans, etc. It can be harder to get finance for inner city apartments. I don’t own any inner city properties, and I am not planning on buying any. Anybody else have any thoughts?***************
Tracey Imbuldeniya – Finance Consultant
Ph: 0401 674464
Email:[email protected]Tracy,
Thanks for the reply.
Sorry, when I said inner city suburbs I may not have been very clear. I definately do not have any plans to buy anything in the CBD! What I was refering to is closer to the city suburbs, ie. 10km radius of the CBD.I have just purchased a property in Belmont as it is close to the city, there has been a lot of activity there and the council is injecting a bit of money into the area.
What are your thoughts about the rentability of places in Joondalup / Clarkson? I have not really considered these areas, what is the vacancy rate like? Do you have any expirence in purchasing property in these areas?
Cheers!! [
]I do not yet own any IP’s but am seriously looking and would be interested in any sort of network to assist with idea development, goal achievment, area selection etc.
Are there other Perth people whom may be interetsed in this?
Andrew
Hello Andrew,
This is a great idea. The west is generally left out of these types of loops.
Tracey, is this something you are going to co ordinate??
I would be happy to assist.
David Femia
Femia Property Group
Property Investment Consultants
http://www.femiapropertygroup.com.auhi daniel
anywhere along the coast particularly the scarborough/doubleview area.good rent and yields.
also look at redcliffe belmont and study that railway line down to rocky.steve zak
mortgage intelligenceHello Daniel,
I got a littles side tracked with the other issue.
Joondalup is a definite YES in my books.The rental market will do very well in the next couple of years. The prices are going up rather quickly though.
Clarkson will have the freeway and train line, however, it has never perfomed terribly weel, with capital growth.
I think the first thing you need to ask your self is…”why am i investing”. Once you have determined that, you can work your way back to finding the correct property, in the correct suburb, at the correct price.
David Femia
Femia Property Group
Property Investment Consultants
http://www.femiapropertygroup.com.auI agree with David on Joondalup & his comments on Clarkson. Two areas not mentioned are Edgewater & Heathridge. Both are just next to Edith Cowan as well.
And isn’t there a new railway station going in between Warwick & Edgewater (Hepburn Heights area)?
Peter
The railline has gone past Edgewater. There is a railway station at Edgewater.
Tracy,
I am interested in the idea of a network of investors in the Perth Area. Let me know how you progress. Hello to David again. I am interested in Joondalup but will sit on the sideline for awhile (may miss the boat but that is life). Love hearing about the Perth market as I am following it closely. I am building in Rockingham and hope to purchase another IP before the year is through. Love this forum as I am learning so much.
What sort of house/land package are you building in Rockingham? (if you dont mind)
Cost of land, house, possible rental?
Thanks
Slum Lord
Tracy,I am interested in the idea of a network of investors in the Perth Area. Let me know how you progress. Hello to David again. I am interested in Joondalup but will sit on the sideline for awhile (may miss the boat but that is life). Love hearing about the Perth market as I am following it closely. I am building in Rockingham and hope to purchase another IP before the year is through. Love this forum as I am learning so much.
To answer my own question, yes there will be a new station between Warwick and Edgewater.
All you need to know is at http://www.newmetrorail.wa.gov.au/
Peter
Slum Lord,
In reply to your question. The house/land package will be approx $205,000 (possibly less). There are a lot of packages around Rockingham at present but land is selling at a rapid rate (but I still go with the old cliche’ LOCATION! LOCATION! LOCATION!). Do not intend to rent this property but to sell on completion (if not before). First time on this type of venture so will wait and see. Have always loved property but thought negative gearing was the way to go but since educating myself and reading, reading reading and absorbing so much from different forums have new ideas.
Kellie[
]Hi Kellie
Good luck with your property hope you manage to do well from it. Places like Rockingham definetly get the thumbs up in my book. It always amazes me driving around Mandurah how far that has come along and looking at all the very impressive houses along the canels. A friend of our family went down to Mandurah a few months ago to look at a property, went away for a week, came back deciding to buy and the cost/value had gone up approx $20,000 because of the demand. Its really quite incredible, and I think areas like Rockingham will also achieve good results in the years to come.
Regards,
Brett []“Even if you’re on the right track you’ll get run over if you just sit there.”
My apologies Peter. I misread your question on the railway station.
Hi all,
I would love to meet everyone, say over coffee in Joondalup or Hillary marina..
This would give us an opportunity to meet everyone and share our ideas. My investments are mainly Bayswater area and would like to broaden my investment base as it is “Too many eggs in one basket” in my case.
It would be great if either Tracey or David to coordinate this.
See ya soon.[
]Hi everyone,
We would also be interested but unfortunately we are currently in the USA and returning in December to WA. Please keep me informed if you do form some type of alliance as like minded people help motivate and being able to discuss issues would be great.
Kellie
]Hi Sebastian
]
]The topic ‘Perth Northern Suburbs Investment Potential’ is closed to new replies.
