We are about to purchase our first home and would like to spend $450k but can budget for $500k if necessary. This purchase would just be an entry into the market and a stepping stone towards our dream home. We want to purchase somewhere with significant capital growth and I have been looking into the Northern Beach estates; Catalina Estate and Alkimos Estate. Catalina Estate is surrounded by existing infrastructure, close to the beach and Mindarie Marina however I know there is a lot of development to happen in Alkimos so I?m not sure what the better investment is. I?ve had mixed feedback so far, some saying these are bad investments some saying you can?t go wrong. I?ve also had some appreciated advice to look into established houses in Bassendean and Forrestfield instead. Any feedback on this would be much appreciated.