Top 11 Perth Suburbs for 2014 Investors
Announcement posted by Investwise 23 Jul 2014
The last year has seen median house prices in Perth rise around 10% and forecasts are predicting a continued increase over the coming year. The high prices are not simply a reflection of current inflation (which sits around 2.9%) but strong growth in the property market. When rents are added to capital growth, property investors are achieving around 6 times greater growth than the underlying inflation.
The surge in the Perth property market has been due to the continually expansive population level. As more people choose to settle in the Western Australian Capital, high demand for housing leads to soaring prices. Some suburbs are expected to receive double digit capital growth. As a result, many investors have become active in the Perth property market earning greater returns than if they were to keep the money in their savings accounts.
During the past year, more affordable suburbs have performed strongly in the property market due to strong demand in these areas from first home buyers. In Armadale the current median house price is just $307 000 having jumped nearly 12% from last year.
However, experts predict that suburbs close to the city should also see strong demand in the upcoming months. This is said to be a ripple effect from the bottom end of the market to more highly priced houses with many home owners looking for houses in premium lifestyle areas.
Furthermore, as an investor, you don’t need to buy high priced homes in expensive suburbs to get a foot in the property market. Even in more expensive suburbs like South Perth where the median house price is over $1.1 million, there are still houses selling for prices as low as $450, 000.
The Top 11 Suburbs of Perth for 2014 are a listed below:
1. South Perth
2. Como
3. Maylands
4. East Perth
5. Scarborough
6. Mosman Park
7. Trigg
8. City Beach
9. Floreat
10. Doubleview
11. Karrinyup
With the start of the 2014-2015 financial year upon us, maximise your wealth by using your tax returns to invest in real estate. At Investwise, we provide a range of services to get you started on your investment plans.
The surge in the Perth property market has been due to the continually expansive population level. As more people choose to settle in the Western Australian Capital, high demand for housing leads to soaring prices. Some suburbs are expected to receive double digit capital growth. As a result, many investors have become active in the Perth property market earning greater returns than if they were to keep the money in their savings accounts.
During the past year, more affordable suburbs have performed strongly in the property market due to strong demand in these areas from first home buyers. In Armadale the current median house price is just $307 000 having jumped nearly 12% from last year.
However, experts predict that suburbs close to the city should also see strong demand in the upcoming months. This is said to be a ripple effect from the bottom end of the market to more highly priced houses with many home owners looking for houses in premium lifestyle areas.
Furthermore, as an investor, you don’t need to buy high priced homes in expensive suburbs to get a foot in the property market. Even in more expensive suburbs like South Perth where the median house price is over $1.1 million, there are still houses selling for prices as low as $450, 000.
The Top 11 Suburbs of Perth for 2014 are a listed below:
1. South Perth
2. Como
3. Maylands
4. East Perth
5. Scarborough
6. Mosman Park
7. Trigg
8. City Beach
9. Floreat
10. Doubleview
11. Karrinyup
With the start of the 2014-2015 financial year upon us, maximise your wealth by using your tax returns to invest in real estate. At Investwise, we provide a range of services to get you started on your investment plans.