One of the first questions you should ask yourself when you’re planning on purchasing an investment property is what suburb is going to suit your income targets and also what suburb has the potential for growth and development in the near future.
This can sometimes mean a suburb that has just experienced a boom might not necessarily be one to invest in whereas one that hasn’t yet been through a major growth period might be your best bet. Remember to always do your research prior to purchasing any property and ask a professional if you aren’t sure.
Here are some properties currently for sale in Rockingham that could present a good buying opportunity as an investor:
2/17 Rockingham Beach Road, Rockingham WA 6168
This neat little apartment could be the perfect first step into the market. With parking, air con and a great view from the balcony, investors should be able to easily attract renters for this property. Listed as ‘Buyers Feedback Pricing’, a quick call to the agent could mean you are first in line.
5/14 McNicholl Street, Rockingham WA 6168
Listed for only $350,000, this 3 bedroom unit offers value for money. It’s difficult to find properties with more than 2 bedrooms for a reasonable price, but this property does just that. This property could suit retirees looking to downsize and free up some equity to fund their retirement. Within walking distance of local shops and amenities, this could be a nice option for first time investors.
10-61 Rockingham Beach Road, Rockingham WA 6168
If you’re looking for something with a bit more of a Hollywood appeal, this apartment could be the one for you. Although a bit pricey for first home buyers, this 3 bed 2 bath apartment could be leased as Airbnb holiday accommodation or as a coastal getaway for the extended family. Sporting panoramic ocean views, this property Currently returns $3,200 per month in rental income. Best to check your maths to see if this could be a winner (or talk to one of our brokers).
There is quite a bit of supply on the market at the moment in Rockingham, meaning that agents could be open to more conservative prices. More supply equals lower prices. Interested in getting your foot on the property investment ladder? Give us a call today to talk through your financial position and buying budget.