I like to know if anyone has opinion regarding suburbs to invest in Perth. I am thinking of negative gearing an IP for capital growth, I don’t have IP but own my house and invest in sharemarket. I’ve thinking about IP for a while and watching the prices going up. I wonder if I need to hurry before prices going up again. I’ve been hearing news about property slowing down but has not seen the effect myself. Better late than never I quess. Anyway what suburbs should I look into and why. Opinion and suggestion please.
Hi Zen,
I certainly wouldn’t be in a hurry at the moment. There are plenty of properties out there, take your time and source the right property for you with a long term view in mind.
If you are happy to negative gear in the pursuit of good quality property in city areas (I do and look at it as an investment for my future) then I suggest you look in areas closer to the city, river, beaches and major transport areas. These are generally proven suburbs and should serve you well in the long term.
Derek
[email protected]Property Investment Support Available. Ongoing and never stopping. PM welcome.
Hi Zen
I beleive the area around central Mandurah is a good opportunity, with prices still on the low side compared to those in Perth. The train line from Perth to Manmdurah will also bring an influx of people to the area in my opinion.
The blocks in central Mandurah have been zoned duplex and alot of these blocks have brick and tile houses on them located at the front of the block so that you can build another straight on the back.
Rental properties in this area are very sought after due its close proximity to ammenities.
Hope this helps
FITZ72
What do you guys think about Mandurah in comparison to Perth property. The railway will be completed in 2006 but it’s still a long ride to the city. Will the property growth be as good as Perth? I am trying to understand the change in people lifestyle. I must say I find it difficult to guest what is likely going to happen. Maybe some people that have travelled and lived in other states or countries can have a better view of what is going to happen by comapring what has happened in other places. I know that they are still land around the estuary that is still selling cheap in comparison to Perth.
What is your opinion?Hi Zen,
We have a property in Mandurah, between the estury and river and it has seen good growth.
I tend to think (and I could be wrong, it’s just my opinion) that much of the growth in prices due the railway may have already happened “in expectation” of the railway coming. I think there may be another small spike upwards when the railway actually gets there.
Having said that, there is probably still growth to be had in Mandurah due to it’s location near the coast.
Personally, if I was looking for growth at the moment I’d be looking for an area where some soret of development is still to happen that has only just been announced. The railway was announced years ago now and others have bought in on this basis already. Watch the news for new announcements.
I think all the ideas expressed so far have merit,s o good luck in sifting through and finding what suits you.
Regards
PKHi Zen,
if you check out the somersoft forum, you will find a long thread on Perth.
Although I haven’t read the thread, I feel sure you will find some useful information there.
Regards,[biggrin]
HelenI believe they are relocating the fremantle port, down to around Kwinana..
Possibilities??[biggrin]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorDo your research buy in a suburb that is surrounded by presteigous suburbs, ie scarb (7 years ago a dole bludgers paridise cheep rent and surf) surrounded by city bch+trigg. I have had super growth out of my 3x1villa for 126K ip 7 yrs ago. Now places like craigie,and balga and clarkson once had a bad name but will continue to produce good growth in my opinion. I think anywhere less then 10 mins from the beach will= big returns. Also look at places in or close to majour regional centres joondalup,city,rockingham and even midland i spose.
Lukis I agree with most of your post…aprt from Midland (speculative )and not near the water[biggrin]
However, prices in the hills areas are increasing and Midland may well play ctach-up to some of the other suburbs..
Broome was once a Hippy area, as was Margaret River, Byron Bay etc…let’s just follow the alternative people, they now a graet place when they find it!![goatee][handlebars][inlove][rambo2][upsidedown]
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorHi Redwing
Just wondering where you got your info about relocating the Freo Port. In today’s Sunday Times the government is about to announce spending $30 million on developing a rail line direct to the inner port. With spending like this you wouldn’t think they would want to relocate, but you never know they are politicians.
FITZ
The wa gov is absolutely pathetic at the moment. They are agreeing to absolutely stupid ideas and spending the tax payers money on white elephants all over the state!
Plus their stunt with “Kids go free” to the Royal show certainly didn’t win any fans out in the country. I know most of my class (Year 4 in Geraldton) were seriously p*ssed they couldn’t go coz of the distance factor.
Why the hell would they want to relocate the Freo port? That’s half of the fun of going to Freo to see what ships were in and what’s been unloaded. I don’t understand this government. They certainly don’t have my vote next election.
Oh I forgot to answer the qn… good one steph…
I think find a suburb that has access to a main artery of PErth and that is where to invest. IE. I grew up in Morley and really, we are only a 15 minute drive to the beach and Morley is an “Eastern” suburb. It was easy to get there coz we live about 2km away from the Reid HWY and Morley DR/Karrinyup RD.
As long as people have easy access to roads to get about Perth, that is what I would be putting my money towards.
Steph.Success is 1% inspiration and 99% perspiration.
I am thinking about Craige too. It’s next to Hillary etc and the railway. The prices seem to have moved from 190K-200K to 230-240K in the last 6 – 9 months. I am not sure if the stamp duty exemption has something to do with it. I wonder what I can expect from rental 4×2 or 3×2 around there. Other suburbs that I am thinking is Padbury, a bit late for Rivervale I think since it has gone up so much that I need 270-300k to buy an old rentable place there and the gearing will be very high. Very close to the city though.
Scremin,
Thirty years ago you couldn’t go from Yokine to the beach in fifteen minutes.You must have an aeroplane parked in your Morley back yard.
As a once resident of MT Yokine there was no chance of achieving that time.
Any new express ways(or fly ways) built in the last ten years?
Morley,in those days,with the first suburban shopping centre complex in Perth was a rough suburb.Bet it hasn’t changed any!!!!bruham.[withstupid]
bruham
Times have sure changed since you lived in Perth, and believe it or not Morley is actually very impressive. Lots of very good reasons to buy in Morley, check out the info/stats you will be surprised.[biggrin]
Morley is 9km from the GPO and Craige is 22km. Craige is one suburb away from the beach while Morley is 15 minutes? Which one will you go for? Both suburb has median price 240k. I checked with REIWA, the website mentioned Hillarys went up by 39.8% in the last 12 months. Sounds like a lot off bull???? Maybe they sold 1 haouse of few millions dollars or something.
ZEN! Hillarys has a bl**dy marina! WHat did you expect with the prices! They don’t just sell one house for $1M, they sell many houses at the $800K mark. You should see the joints up there. Bl**dy mansions!
Quote Bruham
“Scremin,
Thirty years ago you couldn’t go from Yokine to the beach in fifteen minutes.You must have an aeroplane parked in your Morley back yard.
As a once resident of MT Yokine there was no chance of achieving that time.
Any new express ways(or fly ways) built in the last ten years?
Morley,in those days,with the first suburban shopping centre complex in Perth was a rough suburb.Bet it hasn’t changed any!!!!”As for Morley, we had MorleyDr?Karrinyup Rd to go down to and it DID take us 15 minutes to get there!Yes Morley used to be a slightly rough diamond, but many of the “old” residents as I like to call them, have all moved out and there has been an influx of young families with children.
Naturally with the Galleria there is still some anti-social behaviour from teenagers, but security is tightening around the centre and therefore makes the areas around them a bit safer too. I know this because I grew up across the road from the Galleria, worked there for 10 years and still regularly go home to my parents house.
I personally think it is one of the better areas to buy in as it has access to all areas of PErth with being too much trouble. I love the area, but I can’t afford to buy there anymore. Besides, I now live 1km away from the beach so ner…
Steph.That explained why the median price has gone up that much. People spent big money on the building cost. Not that an established house has gone up by 40% in one year. It really doesn’t tell you how much they have gone up.
zen i have a ip in craigie i paid 135k 3 yrs ago for a 4×1, i have rented it out for 180 pw and got bad tenants both times, 10k worth of damage and insurance not paying out…anyway thats another story… craigie is so close to joondalup (straight down eddystone ave now les then 7 mins), not only beach ,transport + shops etc. Fantastic growth, i am hoping it will do a scarborough and become a trendy area, and lose its poor reputation. Good tenants have been my only complaint with the area. by the way you could probably buy a 3×1 house in joondalup for 240k or a 3×2 villa. I dont know which would show the best return???[confused2]
“Besides, I now live 1km away from the beach so ner…”
Here’s this thing with the beach again. I live about 5kms from the beach but couldn’t tell you exactly because its been about 2 years since I have seen it… bl00dy horrible place, cold and windy for half the year, stinking hot and sandy for another quarter, ok for a few days here and there, but that sun blaring in every afternoon. I just don’t get it! But I will join this stange phenomona and invest with the flow…
Extensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
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