Turban Explorer

I'm looking at buying an investment property up to 500k in Perth and wondered if the locals can give me some advice as I've not been here long enough to get to grips with the areas.

a) Undervalued areas?
b) Best to get 2 units or one house?
c) Areas of 100% tenant occupancy?
d) What trend do you see for Perth house prices?

So far I'm torn between right in the centre of town (2 bed apartment in East or West Perth) and a fixer upper old house in Palmyra possibly? A few people have said Balga and Westminster are undervalued but currently pretty poor areas - any views? Rockingham also looks cheap and possibly has good occupancy levels?

Would appreciate any input people want to give.

eddie007

Still too few rental properties in this area for number of people looking to rent... Lots of

Rockingham is still pretty undervalued.... New marina complex going ahead at bottom of wanliss street should help boost prices in reasonable amount of time...

Buying in the "right area" is fairly essential because if you Buy in the "wrong" area and you could find yourself next to a bikie party house...

In The "right" areas of rockingham it's very hard to find rentals still BUT There are areas around here to avoid....

Port Kennedy, warnbro, Waikiki etc all within "rockingham" shire... Some bargains to be picked up.....

Turban Explorer

Those three are the desirable areas? Thanks Eddie. Big help

Dorothy

I would stay away from Balga. There's an area here known as GHB (Girrawheen, Hammersley, Balga) that's a notorious no-go zone. Actually, I would include Mirrabooka in there as well as far as no-go zones.

There are some nice areas down Rockingham way like Eddie said. If I were you I would arrange to take a look around Rocko. Maybe if you're over this way meet up with Eddie?

eddie007

.... Not undesirable....

But perhaps most saught after areas in rockingham are Palm Beach, The Meadows (shockos best kept secret... It's the old Golf Course estate) and the anchorage...

Will pm you.

Turban Explorer

What should I search for - can't find anything under the Meadows, Rockingham?

Bernieboy

Search for 'nowhere near Eddiesville'

EvannTel

I would have a goof look at Palmyra
Its is a fantastic location geopgraphically and much undervalued I think. Find a good old one and you'll be laughing. $500K might be tight tho.

Amazulu

Riverton. Close to the city, lots of older properties, not the most desirable suburb but clean and tidy none the less.

Belmont, Redcliffe too.

h2oskineil

My mate has just bought his 3rd townhouse in Nollamara. (He lives in Ellenbrook)
Brand new builds, never been empty form the date they are ready (tenants are queuing to move in), low maintenance.

northernbird

KGB is another I have heard which is Koondoola, Ghirawheen and Balga. Personally, I would steer clear of anywhere between Hepburn Avenue and Reid Highway and East of Wanneroo Road.

Ballys

[QUOTE=Dorothy;10465165]I would stay away from Balga. There's an area here known as GHB (Girrawheen, Hammersley, Balga) that's a notorious no-go zone. Actually, I would include Mirrabooka in there as well as far as no-go zones.

The area is known as KGB (Koondoola Girrawheen Balga)

aussietobe

I would consider Nollamara or Hamersley...we have a lovely villa in Nollamara with a fabulous tenant. It is going through a good change with lots of the public housing tenants being moved on to allow for development...it is close to the city which tenants like. hamersley is quite a run down suburb but is right next to Duncraig/carine and close to the beach....the land value will surely go up in 5/10 years, and most of the houses are knock down jobs. houses always go up in value more than apartments due to the land value, though usually require more maintenance.

JOE2010

Check out the attachment below for a detailed analysis of rent vs buy by RP Data. You can tailor it to WA.

Glendalough is also one of the good areas where rent easily covers mortgage payments.

Good luck.

Still Game

Hamersley is absolutely fine! It's actually a very nice suburb with parks, a good school, and lots of family friendly houses. I would definitely check this area out. It's pretty centrally located for the beach (drive) and the city. *when you search via realestate etc.. just note Hamersley is spelt with one 'm'*

check out here http://www.realestate.com.au/propert...sley-112285135