All Topics / The Treasure Chest / Where to invest in Perth?

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  • Profile photo of Robert1Robert1
    Member
    @robert1
    Join Date: 2003
    Post Count: 0
    April 6, 2003 - 3:16 pm

    I am looking for a sub $200 000 property to buy in the Perth area, hoping for a decent return in about 5 years. Being new to this would appreciate any worldy advice.

    Thanks in advance,
    Rob.

    [^]

    Profile photo of AdministratorAdministrator
    Keymaster
    @piadmin
    Join Date: 2013
    Post Count: 3,225
    April 7, 2003 - 12:53 am

    Try

    http://www.somersoft.com/forums/sho…p?threadid=7265

    and

    http://www.somersoft.com/forums/sho…p?threadid=6458

    [8D]

    Profile photo of baysider01baysider01
    Participant
    @baysider01
    Join Date: 2003
    Post Count: 6
    April 7, 2003 - 1:45 am

    Hi Robert,

    Two suggestions.

    1. Try East Victoria Park for inner city (6 km from city centre). You’ll find some old houses on big old 800 sq.m lots there for around $200k. The area has been a sleeper (alot of state housing) but is just starting to move (up 21% in the last 12 months). Surrounding suburbs are already $300k plus. Most of the suburb is walking distance to Curtin University and the Technology Park.

    2. Look at the new suburbs popping up along the freeway south. This area was virtually all bushland until recent years and is now going ahead. Its likely they will run the railway south down the middle of the freeway as they did to the north, so this will push values up.

    Cheers,
    The Baysider

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