I have an opportunity to buy a 2 bedroom unit in Bassendean with a large yard from family and so at just under “market price”. This would be a buy and hold and would be negatively geared. I had a look at the stats on the REIWA site and it looks like it has been averaging capital growth of around 14% for the past five years.
Does anyone have any general opinions about Bassendean regarding an area in which to invest?
Market Price is pretty high at the moment..What price are you paying and what is the intention with the property?
As an area though I’ve always liked Bassendean, nice and close to the river as well as the city and Tonkin Hwy, airport etc
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorBassendean is a good solid suburb and from a growth perspective will do well in the long run.
Derek
[email protected]
http://www.pis.theinvestorsclub.com.au
0409 882 958
Skype – derekjones2113Thanks for the replies folks.
Redwing – I’ll probably get it for around 200k. I had the idea of keeping it (rented) for at least couple of years and then cash it in. The rate of capital growth in Bassendean would have to drop a fair bit before it became unviable as a negative gearing prospect…
Bassendean is a good solid area and will always go up, but the river side of Guildford road is the better side for future investment
Brian Bol
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