After many of the eastern states have experienced incredible house, price growth investors and first home buyers are now directing their attention to Western Australia and, in particular, Perth, for more affordable property options.
So, where are the best suburbs in Perth to spot a bargain? Let’s check out 3 that are really making waves.
Just 21km northeast of Perth, Ellenbrook is in the perfect spot for those not wanting to spend all their time commuting and prefer to be just the right distance from the office.
This premium new town is on the rise, winning awards for its planning and infrastructure. With over 11 schools, cycle trails and walking tracks, this suburb is a family friendly delight.
Brand new dwellings like this one, Lot 9138 Princep Grange, Ellenbrook are attracting both investors and first home buyers to Perth. This 3 bedroom home is listed from $323,782.
If you’re looking for something a bit closer to the hustle and bustle of the CBD, look no further that Lockridge. A 20-minute train or bus trip will get you into the middle of Perth and these public transport lines are what make Lockridge so appealing for first home buyers.
With a mix of established homes looking for a bit of love, to knock down rebuilds, this suburb has a bit of everything for everyone.
Investors may be attracted by some of the older homes that, with a fresh coat of paint or a budget renovation, could be a tidy investment in a sought after location.
The new Airport link to be built in Forrestfield is a major boost to this suburb, 15km southeast of Perth.
The link will include 3 new train stations, 3,000 parking bays and become one of the main transports interchanges for those wishing to get to and from Perth Airport.
What does this mean for property in the area?
We expect Forrestfield to boom over the coming months. As the infrastructure is built and the locations of each station are confirmed, we’ll start to see demand for housing in this area climb rapidly.
This suburb is also popular with young professionals looking for a quick commute to work. When construction on the Airport link officially gains momentum, house prices often follow suit.
Until this happens, there are still good buys in the market, like this 4 bedroom new build on the market for just over $400k.
Picture: LOT 7 Lovett Drive Forrestfield. With 2 toilets and an ensuite, this is a great family home or long term investment.
Found a place that could be the one for you? Contact our Mortgage Advisers today.