From Kwinana Station to Warnbro

[Iwantedthatname]

Just after some info please. If I was to look at property/land in these areas (I know it's a fair distance) and compare them to property/land of equal size and distance to CBD NOR they seem to be very cheap. I'm not from the area so would have no idea why. I do plan on making a visit in about 10 weeks but... Am I wasting my time starting some research?

I am looking for my first IP to rent out at neutral geared. And hoping that land/rent goes up over time. I am fed up of having cash in the bank with terrible interest rates but don't like to risk my hard earned cash too much

Thanks in advance

 

[Sureline]

The entire Kwinana region has predominantly been a lower socio-economic area. There has been some gentrification but there is a long way to go. Despite that, I find it reasonably pleasant with wide roads and lots of leafy trees. The public schools in this area have a bad name.

There has been talk of a huge industrial estate going ahead for years. If it actually ever does go ahead, my bets are that property prices will surge.

Warnbro has quite a variety of properties from little sections that make me feel claustrophobic - wouldn't go near there with a barge pole (eg the area bounded by swallowtail parade) - to seaside mansions. Makes it hard for an investor to know what's good value or not unless you know the area really well.

Baldivis / Wellard / Bertram has acres and acres of new development. Great place to live if you have a growing little family. Any new house would have plenty of competition to be rented out, though.

Sureline.....

 

[Iwantedthatname]

Thanks sureline