Which suburb or city of Perth is the best place to invest? Now or in a few years time?
I am thinking of investing in Mandurah where a railway network is going to be built and it is close to the see too. Any advice and comments please? It is greatly appreciated. Thanks a lot.
2007-02-03 23:45:32 · 5 answers · asked by sky_blue 1 in Travel ➔ Australia ➔ Perth
make sure you invest in beachside, central city or riverside properites, in that order.
northern perth suburbs are all well into the millions in median price....with definite slowdown in future growth.
southern suburbs e.g. coogee and further south are still excellent spots with upside potential...incl Mandurah. massive infrastructure development will increase sq m lan value dramatically to match those already attained in northern suburbs...
much talk now of a slowdonw...but remember that the fundamentals in wa are still very strong...mainly strogn population and migration growth, fuelled by continuing resource boom....and supply bottlenecks...all of which means demand is still outpacing supply in the most desirbale suburbs (despite everything you read)
2007-02-04 00:52:23 · answer #1 · answered by George N 1 · 0⤊ 0⤋
Obviously depends on how much you are looking to spend but I think that to buy anywhere in Perth would be a great investment including Mandurah. I don't believe that prices will ever come down and will not stop going up. Hopefully will slow down but you can only make money by buying and investment property. Check out the REIWA (Real Estate Institute of Western Australia) website for more info though
2007-02-04 15:59:32 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Perth suburbs vary greatly in price and current growth rate, often for no apparent reason. Inner city re-development is currently a popular growth area. Best suggestion is to find some local real estate agents that you can trust and that will work for your interests (rather than the seller), probably easier said than done.
2007-02-05 19:44:57 · answer #3 · answered by Ranjeeh D 5 · 0⤊ 0⤋
perth has the same rates with sydney now in terms of housing or real estate. it's a booming city with most of the businesses being established here. if you intend to invest now,do it before the rates would go up again next year.
i recommend south perth or como, a few minutes ride from the city and the big malls - garden city and carousel.
2007-02-07 18:36:48 · answer #4 · answered by warrior is a child 6 · 0⤊ 0⤋
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2016-12-17 09:03:40 · answer #5 · answered by ? 3 · 0⤊ 0⤋