Hot Spots WA

[YoungGunMember@younggunJoin Date: 2003Post Count: 18]

February 17, 2003 - 6:32 pm

G’day all

I’m from Perth and I’m planning to purchase a property to reside in, and rent out our apartment we currently live in. The property I am looking for will only be temporary (2 years maybe) as I plan to rent it out when a family comes along and we need something bigger.

I have done my own research, but I would welcome any ideas as to an area which hasn’t made the big gains yet but might soon. Or even if someone knows any suburban developments on the cards which will give value to an area.

I hope this is not a CHEAP question but I believe that a few heads are better than one.

Thanx

[q]
Always set your goals further than you can reach
– Then stretch that little bit further
[/q]

[HamsterMember@hamsterJoin Date: 2003Post Count: 10]

February 18, 2003 - 10:28 am

I am not familiar with areas South of the river[] but as for North and East[], try these:

– Armadale, Kelmscott, Thornlie
– Lockridge, Beechboro, Midland
– Koondoola, Balga

With these property ranges from 90 to 140K, rental ~$140-150/w and vacancy rate is less than 4%, you can practically start +ve gearing already if you can find the right ones.[]

Hope that helps.

I’m on my way to misery and happiness today ……

Cheers.

[YoungGunMember@younggunJoin Date: 2003Post Count: 18]

February 18, 2003 - 10:44 am

[] Thanx Hamster!!! []

Always set your goals further than you can reach
– Then stretch that little bit further

[AdministratorKeymaster@piadminJoin Date: 2013Post Count: 3,225]

February 19, 2003 - 2:07 pm

Depends what you want to achieve. I have bought both North and South and have achieved differing returns from differing IP’s. Love investing in Perth![]

Look at Rockingham Beach, Palm Beach, Coolongup, Warnbro (Near Beach) in the South and Balga, Girrawheen, Greenwood, Hammersley, Warwick in the North.

Balga probably has passed the +ive stage now. I bought 3×1 on duplex block in 1995 for $65,000 and it rents for $135pw now. As you know they have more than doubled in $$ since then. Look at the surrounding suburbs around here (ie. 10km from city). Huge government and private investment in the south near the water. New Ramada hotel, possible new marina, 2 luxury apartment Hi rises, a monorail linking the University, Beach Front and Train Station in Rockingham Beach/Palm Beach area all in the next 3-4 years is hard to look past.