I’ve been doing a lot of research around Perth recently and thought I would make up a Top 10 list of my recommended investment suburbs. I was very selective with my choices so didn’t quite make it to ten but I believe the following seven suburbs are the best places to consider in Perth, and I didn’t want to stretch it out just for the sake of it!
Author: Andy Kelly, Property Investment Specialist, Investor Assist
So here they are – in no particular order;
This suburb is only 20kms from the Perth CBD in close proximity to the burgeoning City of Cockburn. Suburbs close to solid infrastructure and public transport are always in high demand and Atwell is set to benefit from the new $80 million Aubin Grove train station which will be the state’s biggest park-and-ride train station on the Perth-Mandurah line featuring a 2000-bay car park and a new bus terminal. This suburb is definitely one to watch!
Aveley and Brabham
Located within the Swan Valley, these two newer suburbs are seen to have value from buyers in nearby Bassendean, Beechboro and Morley. Aveley is a private estate and speaks for itself, being awarded Australia’s best residential development by the Urban Development Institute of Australia. And Brabham, situated adjacent to Whiteman Park is only 20kms from the Perth CBD and is seen to be a good long term investment and a value for money purchase.
This relatively new suburb is on the Mandurah train line, just 30 minutes travel from the Perth CBD to the north or Mandurah to the south. Wellard is a good example of a masterplanned community and is popular with young families. Homesites are very affordable in this location and represent good value for money for investors.
Alkimos & Butler
The far northern suburbs of Perth offer good price points for investors with low rental availability. There are plans to extend the train line to Butler and additional infrastructure will follow so now is a good time to invest and benefit from capital growth before the prices start to rise!
Woodvale has a very tight rental market and is home to a number of highly regarded schools. The final pockets of land are being developed so now is the time to act before there is a scarcity of land in the area. If you can invest in the area now, it should prove to be a solid long term investment property for you.
I think Morley is one of the forgotten ‘gems’ of Perth and it was recognised as the second best performing suburb in ‘Your Investment Property’ magazine’s Top 100 investment suburbs for 2012. Morley has a high and consistent average annual growth, great amenities and infrastructure plus is well positioned. Morley has a diverse population and enjoys good proximity to the Perth CBD plus other lifestyle hubs including Leederville and Mt Lawley.
For lifestyle locations it’s hard to go past ‘Subi’. It’s super close to the city with excellent rental demand and no lack of capital growth opportunities. It’s always a popular area with both owner occupiers and investors so you should receive strong rental demand or interest from buyers, should you choose to sell your property in the future. As history has repeatedly shown, you really can’t go wrong in this area.
Choosing the right place to invest can be as important as choosing the right property. Infrastructure and lifestyle amenities are important, access to transport and the potential long-term growth of an area should all be considered. Take a look at these suburbs yourself and I’d be glad to hear your comments. Alternatively, if you have a suburb you think should be included in this list, be sure to let me know and we’ll see if we can round it out to an even ‘Top 10’.
DISCLAIMER: This information is of a general nature only and does not constitute professional advice. We strongly recommend that you seek your own professional advice in relation to your particular circumstances.