Perth – where to invest?

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Dear Wayne,

What’s wrong with these suburbs, may I ask?
Please tell us more.
Thank you.

regards,
Kenneth KOH

Forget Perth… buy in Geraldton!!!! ))

The Mortgage Adviser

Forget Perth and Geraldton
Come south young people Mandurah, Astralind, Bunbury and Collie.
Regards

Hello,

I’m a n00b to this forum but I’ve been looking for a property in Perth for a while, somewhere to rent out and probably move into myself next year, so I haven’t been actively seeking CF+, just somewhere I could live happily without baving to rob any banks.

Two suburbs I had a look at and would not buy myself:

Ashfield – yes it has potential and it is close to the river and city, but it still has a lot of social problems. There are some nice new houses being built but a LOT of crappy old ones with really trashed front yards and scary looking tenants. And with rents stil low and no alternative accommodation being provided for these tenants I can’t see how the area would improve in the short-term.

South Lake – yes, it’s near the freeway and there is a lot of development happening, but if you go for a drive around there you can literally feel your hair stand on end. HUGE powerlines everywhere not just blotting the landscape but also a health risk too.

Just thought I’d let you guys know.

Cheers,
A

Welcome an9ie,
HHmmm Yes I’ve seen some scary things out there too.
But I think some time’s we need to look at the Big picture and ask are we being a little judgmental.
Usually Nice / Scary in some cases are only streets apart.
Have you seen to Banshea Grove??
I know its Nice,its on my list “oops out the bag”
Regards

http://www.owner.com.au

i think places like nollamarra, balga, and westminster would be good place to start! They all within 10km from perth!! [cap]

Hi,

Does anyone out there know why burns beach is selling blocks off at a premium in relation to its surrounding suburbs of Iluka and Mindari? My only thoughts are that some people have been waiting so long to live there they are prepared to pay for it! Current land prices are similar to Hillarys.

James Wincott

Well done you guys,

When i started reading this set of posts, i thought, “Hah! Everyone’s cagey, isn’t that just like human nature? No one wants to let the cat out of the bag.” BUT I WAS WRONG! There are some brave ones out there. Good stuff!

I’m relatively new to this forum with only one post so far, discovered it last week!

I think this forum is an absolute gold mine (thanks Steve). I’m in the mining industry, and know what gold mines look like, and this is one of them! A place where everyone shares there thoughts and ideas. Hard to find high grade, posted there on the internet – for free. Sure there’s some low grade in there, even some waste, but you do your due dilligence, and you’ll sort out the good stuff from the bad.

Now, with respect to letting the cat out of the bag, its a numbers game guys. If i put out an idea on what i believe to be a good suburb etc, do i realy think all the good deals will suddenly get snaffled up by all you “go get em” folks. Hell no! Mine won’t be the only suburb idea put forward. I’d happily risk a few more investors sniffin around a suburb in order to get feed back from a crowd as big and diverse in view as you. Whats to say we’ll be sniffin around at the same time huh?

Come on, lets get lots of cats out there!

Having said all that, there are my ideas:-

In perth, i like Parkwood (have already bought there). Parkwood has good infrastructure, bounded on 3 sides by 4 lane roads, and on the 4th side by a golf course & the new Roe highway, which is just about to meet up with the kwinana freeway!

Riverton forum (shopping complex) is actually in Parkwood, being on the parkwood side of the street corner of where Parkwood, Willeton , riverton and Ferndale all meet. It has had good growth this year, is out performing its neighbours, and is cheaper. Streets are wide, has 2 VERY large parks, and many small ones.

Parkwood was overlooked for ages because its neighbours riverton and ferndale were on to the canning river, and willeton was neighbour to booming Rossmoyne and Bull creek. Parkwood is now catching up. Council’s currently resurfacing the road throughout the suburb & putting in new street trees. Houses are mid 70’s, median house price about 230K

Now the next place i realy like is Stratton, just outside of Midland. Is less than 10 years old, very cute, but has much government housing. many 3×1’s Place already boomed a lil whle ago when everyone suddenly became interested in Midland, but i believe it will continue to grow if not as rapidly as before, because midland is now starting to come into it own. After a few years of attention Midland now the looks like its realy going somewhere. Its a damn busy place.

Westfeilds are currently turning midland’s shopping centre into one the size of carosel & Garden city. Ave house price in stratton is about 170K. Rent is good,

What do you reckon? Am i full of crap or what?[biggrin]

Ok, thats enoughh from me, gotta go have some breakfast!

Regards,

Cabo Wabo

Cabo Wabo

Hi, All,

I am the northern surburb fan. I have compared surburbs across the metro area. West of Mitchell freeway is much better potential than any other areas. Currently undervalued surburbs such as Craigie, Beldon, Heathridge and Padbury will have great potential. Just compared with their neibouring surburbs, you will find what I am saying. For example, Craigie, west of Freeway, between Woodvale and Kalaroo, it is so cheap – probably cheaper that the land price. East of freeway-woodvalue – $350k midian price, west of Marmion Ave, Kalaroo – $390k – but Craigie – $220k …You can find the potential. You can argue Kalaroo should be more expensive but how can you argue Woodvale…

For investment, either CF+ or -, these 4 surburbs are definitely the winner over next 10 years!!!

[blink]Hi Yarwood. Seems like you have heaps of advice (mostly good). I’ve lived in Perth 15 years and bought & sold and rented til I’ve gone crazy. I’ve made some stupid mistakes with props such as selling at the wrong time and being outpriced while renting and not using my extra $ to buy +CF properties. I’m on a winner at the moment here in High Wycombe. Values have gone up here 22% in the last year. Hint. Look for suburbs that have boomed recently and check out the cheaper neighbouring suburbs.Especially if you find major developments improved transport links or rezoning changes in these suburbs. Check out suburbs close to Rockingham eg. Medina, Orelia etc
Gosnells, Maddington are also on the move. Langford has had a 17% growth average over the last 5 years. Midland areas are also growing fast.
Don’t forget some places within 2 hours drive from perth eg York is booming and looks like its set to continue.
The common trend for booming areas seem to be proximity to ocean or waterways, quick and easy transport routes, shopping, schools & other major facilities. Even the quieter country towns like York offer a change of lifestyle and yet are stll close to Perth.
I’m like you – searching for a great bargain. W’ll keep our eyes open. Best of luck! Outbackgems.