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The Australian Property Magazine (June) recommends EVP as one of the better suburbs to invest for under $300k in long-term predicting 15.7% growth (this is for units).
I've been watching this suburb for the last couple of months and it seems things are still selling quite well. A lot of things going for it. Carlisle also seems a good area (on the train line). EVP is predicted to be the next Subiaco, so to speak.
I know I am bias, but EVP will never be the next Subiaco.
Firstly, it is not in the golden triangle (Perth-Scarborough-Fremantle-Perth) and secondly it is on the wrong side of the Swan River.
It is a decent suburb, and potentially a good investment, but don't confuse "good" with "prime".
My thoughts as a long term local.
Joe D
I'm quoting what I've read but I was secretly hoping a 'long-term local' would take the literal meaning of the Subiaco analogy and set me straight .
Actually neighbouring South Perth will be the next Subiaco as there is a big development plan associated with the new train station and to upgrade Mends st into a vibrant local hub.
"
the golden triangle comment is valid and the key reason I wouldn't park my $'s in applecross. this doesn't negate the value of investments outside the western burbs tho.