Perth Property Hotspots - Where to buy in Perth in 2023 | An Overview
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- čas přidán 8. 09. 2024
- 🏠 So you asked, here it is. As a local in Perth, I am sharing where are the Perth property hotspots for investors wanting to spend $450k - $600k. Please note there is so many factors to consider when buying an investment property in Perth. This is an overview of suburbs in Perth you could invest only and is not a detailed analysis. Always do you own research of where to buy in Perth!
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Thanks for the informative video Steve. Real estate agent here, you basically nailed it with the suburbs. Some of my personal favourites are Nollamara, Balcatta, Westminster, Embleton and Morley. Some pockets are a little shady but I think they’re highly undervalued considering the distance to the city, block size and subdivision potential.
Thanks mate, yes I agree there are some good areas in there
great video, wish I watched your video before. I was outbid in 2022. then missed out a lot
@@cravefour thanks for the nice words. Sorry to hear you missed out in 2022 😅
Thanks a lot for this video can you please share the current scenario in the Perth market and where could one still invest?
Thanks!
Thanks for your video Steve , it was really helpful.
Perth is a best city that i had invested apartments at east near to river walk side with swan river view and cbd area plus very good monthly rentals !! 👍👍
Awesome videos. Very informative. Thanks mate.
Thank you for your professioanl information.❤
Cannington is very central but has so many low flying planes, can get a bargain if you can handle your house rattling every 5 mins
Yes that is true, definitely devalues a property. Some areas are better than others, so need to do the due diligence.
Fascinating hearing this data through Investors eyes as a renter (One of the good one's). I like the data you've just given me on hot suburbs or where Sydney etc are landing. I had that theory as a hunch last Xmas as I looked. It would be great if you could start up a business so renters can buy your staff's time to view for us. Last year (and still) lines were 60 people deep. I was trying to do 4 viewings a day as my Landlord was selling so I had a time factor. I used friends as well to split the viewings. But there has to be a better way than everyone viewing at 4.30pm in the afternoon. I'm thinking $25 per viewing by yr staff might be a price point most people could afford and your data might help renters not waste time on areas we know are just so hot, it's pointless viewing. In the end, I ended up speed dating Agents in person and doing South agents in the am, and North agents in the pm using the train line. Friends still helped. I managed to secure something in the end but am becoming afraid of going through this again shortly as area is gentrifying/or selling due to mortgage rates not sure, with lots of for sale signs, so any business you can create that gives renters a better shot would be really great. It's funny, I actually had an Agent offer me a job as a PM Assistant but I had to say thank you but I'm literally in a hotel for now and as a single applicant I was literally competing with either young families dual income or older seniors who probably have a huge bank balance. I really hope that the Federal Budget starts building something soon because I'm starting to worry that Australia is evicting me as a citizen. Even if I could borrow as a FHB I wouldn't, it's just so unstable and 30 years is a huge commitment. But I never ever thought that renting would be out of the realm of possibility for most of us. I've subscribed so I can try not to look in areas as you said that East coast buyers are buying. Perth is not Sydney and we don't have those high paying jobs to pay the rents they get there. I'm sad for young kids who may have to stay with parents longer. We have to do better than this. And all of my fingers are crossed we don't end up building Fiona Stanley Hospital sized REIT unit complexes, but it's looking that way if the new aged care homes are any indication.
Thanks for your comments Leonie. Yes it's really an awful situation for renters at the moment. I am a renter myself (and own properties elsewhere in Perth and other states) and I am fortunate to have really great landlords. Yes finding a home is very challenging and it's a combination of so many factors, but in the way our system works it's because there is a shortage of investors buying properties or selling up (I personally think a lot of boomers are selling up as they come into retirement and owner occ's are buying them up, taking them off the rental market) and the fact we aren't building enough homes. There is some buyers agents who do assist with finding rentals, it's a good idea! Buying a home is easier now with the first home guarantee (5% deposit). So if you have the income, then buying is certainly going to give you more stability. It's worth looking at :)
Great segment. Any chance you could look into towards Ellenbrook? The train line, Whitman Park and i guess the development of caversham? Im hearing alot of content about 20 minute neighbourhoods and where the best trends would be for most people to start off their investing?
Thanks Mario! Yes there is some positive developments especially the train line and park. I’ll see what I can discover.
Hey Steve ...great work CD
Really good info. Thanks for taking the time to go through it for everyone.
Thanks for the kind words
Hi, what do you think of the Ferndale, Lynwood, Langford areas?
Very informative video. Thanks Steve! Would you also make a video on Adelaide?
Thanks Dory! Adelaide is also a great place to invest. I am across the economics of the city, but still learning the suburb ins and outs. So perhaps one day yes!
@@propertywithsteve That'd be great! I am in the US and interested in buying apartment early next year (or sooner) in Adelaide due to personal reason.
What do you think of Southern River?
You deserve more subscribers.
Count me as your new subscriber.
That's very kind, welcome to the community! Look forward to sharing more info in future
@@propertywithsteve please make more videos on Perth market before holidays maybe ?
Great content mate. I found your channel today and have already watched 4 videos, out of interest where did you buy your first place in perth? I’m currently in melb ( renting) having previously lived in perth the plan is to eventually make my way back over west ( work pending I work in fin services) and this channel is great for me as I have not kept up with the market in perth since leaving
Hi Matt, great to hear it was helpful. My plan is to build a duplex (I've done a few before), so some suburbs are better for that than others. I purchased in Coolbellup. However yield isn't fantastic, but the manufactured equity will be there when it's completed.
@@propertywithsteve thanks mate and best of luck with the duplex ! I only really knew North of the river when I lived over in perth so it’s interesting to hear the opportunities south
Thanks for what you do .what about york Wa The country areas are important too 😊
Hi Tracy, thanks for the kind words. I don't know much about York property. From an investment perspective the risk for smaller towns is if there is no employment or a large employer closes etc then it can affect property prices faster than in a larger city. Having said that, if other variables stack up and there is demand and low supply then it can be positive for growth. Hopefully I can get to York one day soon!
Awesome video
Thanks Ginette 😊
Great information ,please tell me more about a suburb called Camillo
Stevie! Well done on your YT channel!
Thanks Drew 😊
I have a question, if i owned first property that generates cashflow from rental income, and i want to use that money to acquire 2nd property in the future, what would be the best option kind of properties should i buy, is it the growth of the asset or for another cash flow to cover expenses? Any opinion is appreciated. Thanks before.
Sorry for the delay. So you really need a combination of both. Growth is going to give you further equity to extract and the cashflow will help your servicing :) But all comes down to what your next steps are after that, if you plan to acquire more or you have upcoming retirement etc
I've been watching your 'CZcams channel and I'm impressed. I'd love to share some growth ideas with you."
As i live in Perth and been in touch with property market for some time, i can say this video could have been much better with some real knowledge of the place and not google info.
Thanks for the feedback, have a wonderful day!
grt work
Craigie Beldon Heathridge 👍
So undervalued considering how close you are to the beach
@@lancepersico1808 except for the 1.5hr commute to the CBD. A deal breaker for many.
15 min drive with no traffic or 20 mins on the train. Also a a few minutes drive to one of the best beaches in Perth
@@johnny-yi2oi Johnny got lost 😂
@@lancepersico1808 1.5hrs is more accurate.
Hi steve,
Is Piara Waters a good suburb to buy a house for family? How much would it cost to buy a 450sqm block with 4 bedroom
Nice one Steve! Im a South African moving to Perth soon.. Do know of any areas where other Saffas have settled? Cheers
Lots in Ellenbrook
I go to a networking event with heaps of South Africans. Last event on Friday was at a Biltong factory! Happy to connect you with them. Ive heard Joondalup area has a big community!
Mindarie...... every third household
@@karenellis1031 I thought that's where the chavs hang out..lol
How is Haynes/Hilbert looking to buy/invest?
Hi Steve, what about future capital growth of Brabham suburb? I am looking to build there. It will be cost me around 650k.
What is your thought on Ocean Reef, Stevie? Is it too far north? How is it comparing to Hilarys in terms of capital growth prospect and desirability?
As a place to live Ocean Reef is lovely. They are investing a huge amount of money into the new marina precinct which is apparently going to become a destination in itself. They are also building new local shops in the hear to the suburb. If the properties are in your price range, then given the desirability of the area and ocean location then it's a solid choice!
So, Garden Island will become a strategic military target....? Nice....
A risk to consider!
Is canningvale, piara Waters or Southern River good area to buy for capital growth
What about Aramadale?
Great over view I’m looking in St James near Albany Hwy cafe zone
Hope the search is going well. St James is affordable and close to popular Vic Park.
St James has a bit of a reputation and I think the price will reflect that. Great area at a glance, but I personally would not live there currently. Long term I think it's a winner though
@@Fanta.... I would agree. Some areas aren't particularly attractive visually but given Vic Park has become desirable hopefully it should gentrify also.
One of the suburbs I invested last year has grown by 100K and you haven't mentioned it 😜
That's awesome San, feel free to share ;)
@@propertywithsteve Seville Grove
How about singleton? It's a beautiful beach suburb between Rockingham and Mandurah, great location, good school..
Hi Chris, thanks for the comment. What I have noticed is that as the demand and prices in neighboring suburbs increases (i.e. Golden Bay, Secret Harbour) then investors and owner occ will then look to the next best alternative they can afford. I haven't spent much time down in that area, so I am unfamiliar. But when researching always consider the variables. There is many to review, but start consider 1. Employment opportunities 2. Diversity of industry 3. Desirability of the area to live (shops etc) 4. limited release of land 5. Level of owner occ to rented 6. New infrastructure developments 7. Sociodemographics of the suburb (these are in no particular order). Hope this helps
Hi what do you think in Stirling?
What's your comment on yanchep
What do you think of Karrinyup? Has it peaked or will likely go up in the future?
Hi there. Karrinyup is very popular right now. I’m buying for a client in the area and quality family homes are in short supply and high demand. Around $1.1-1.3m. Prices are still affordable compared to Eastern city standards. From what I’ve witnessed on the ground, it’s likely the shortage and high demand will give more price growth to come. Always depending on what external factors come up. I’m talking houses here, not apartments. Hope this helps.
@@propertywithsteve Thanks Man, i built there just before Covid, hoping it was a good investment
Hi mate , grewt video .u mentioned around 3-4 times , that we need to check the particular street if good or not .
How do we do that ?
Any websites or links that u can share ?
Thanks! Glad it was helpful. The best way is to spend time exploring the streets. Go at different times of the day, observe the neighbors and sounds (traffic/ flight noise etc). You can also refer to socioeconomic data such as the IRSAD. See link below. But nothing beats spending time in the area. I also like to visit the local shops and see who your neighbors are going to be.
If you live interstate, that's where a buyers agent is helpful. Give me a shout if you need one in Perth.
www.abs.gov.au/ausstats/abs@.nsf/Lookup/by%20Subject/2033.0.55.001~2016~Main%20Features~IRSAD%20Interactive%20Map~16
Hi Steve
Am a foreign investor. Recently a new build property came into sight at the area of cannington. Ranging from 500k onwards 3 bedder is that a reasonable buy for that area?
Hi there, it really depends on block size, location, quality of build etc. However from what I have seen a new 3 bed property in that area is usually around $500k.
Where are the best places to rent for skilled migrants?
Bought a pad in Armadale for $220k and its worth $450k after just 18 months, who needs to work right?
Awesome, well done!
are you a property developer in wa or are you from an eastern state?
I live in Perth : ) I am 100% independent and not affiliated with anyone. I work on a fee for service. I have developed a few duplex units myself in Canberra. And have 1 on the cards here in Perth. If that's what you mean?
What is your fee?
@@Et7486 Hi Eve, thanks for the question. It depends on what assistance you need and type of property. If you want to book in a 15 minute property chat for free, we can discuss. Thanks! Steve www.stevewilliams.com/bookacall
When will they allow foreigners to buy resale?
Hi James, really sorry I am unsure of this!
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Hi Steve what about helenbrook
How about beckenham
too much supply. Check the data you will know it. Actually this footage has no data provide to support the recommendation.
@@mrsmakwm Thanks for your comments. The video provides an overview of the suburbs that there is demand right now, to provide data for all the suburbs in this video would take hours. It's a starting point prior to doing analysis. Also data is not reflective of what is actually going on on the ground. It's very delayed and often inaccurate. If you compare the data between CoreLogic and PropTrack for example there is huge differences. Actually attending inspections and speaking with agents is going to give you more reliable indicators of what's happening. Aside from economic data (which needs to be considered) and infrastructure developments, but noting they also aren't in real time. If you review the Core Logic median price growth in Perth over the past 12 months, it is very different to the growth occurring in investment grade properties ($450k to 600k). Hope this helps give some insight.
I wonder why you comment extensively on south of the river, then brush over the north.
Because that's primarily where the majority of investor activity in the price range is (especially from interstate investors). Apart from the far north, which I don't advocate for given it's distance from city and huge releases of land coming up.
That’s where his investment properties are.
You got me 😅 I have 1 in Perth. I’m a strong believer in diversification and buying across the country to maximise opportunity and minimise risk
Pretty much the whole video is just south of the river
What have you got against the south? 😂
If your spending 600,000 then there are no prospects for growth. The location doesn’t matter because the workforce is changing and the most employment is in the naval district and around Kwinana . The northern suburbs and Fremantle suburbs have no chance of further employment it’s all in the southern western part of Perth . There are major industries there who are still growing . The northern suburbs are already silvertail suburbs and there will be no growth therex
You can still buy a decent property for $600K within 25kms of Kwinana. Byford, Whitby, Wungong and even Kelmscott and Roleystone. An easy drive, not much traffic.
Rockingham? & Kwinana? Your clearly not from perth... 😂😂😂
Thanks for your comment. What is your question/ thoughts on Rockingham? I’m not clear on what you mean