House to live in with capital growth

[mysrh]

Hi everyone
Is it okay if I ask for suggestions on suburbs to live in this forum?

I have 2 IPs but never have a house on my own.
At the moment I only have enough to buy either my own house or another IP.

I am looking to buy in Perth WA. Been living in Winthrop for 15 years and I kind of liking the family oriented environment, close to train station, and restaurants, fast foods and fuel station.

So I am looking for similar areas to buy or build a house.

My long term plan is to buy a house to live in with my wife and kids and after some years using the equity to buy another IP.

Which suburbs have a family orientation and have potential of capital growth?

My price range is $600k - $700k.

Thank you for all suggestions

 

[Noknee]

Hi everyone
Is it okay if I ask for suggestions on suburbs to live in this forum?

I have 2 IPs but never have a house on my own.
At the moment I only have enough to buy either my own house or another IP.

I am looking to buy in Perth WA. Been living in Winthrop for 15 years and I kind of liking the family oriented environment, close to train station, and restaurants, fast foods and fuel station.

So I am looking for similar areas to buy or build a house.

My long term plan is to buy a house to live in with my wife and kids and after some years using the equity to buy another IP.

Which suburbs have a family orientation and have potential of capital growth?

My price range is $600k - $700k.

Thank you for all suggestions

Sounds like Winthrop..........
You know it well why not buy there?

 

[Colin Rice]

Sounds like Winthrop..........
You know it well why not buy there?

Was thinking the same thing. Winthrop would be a good choice.

 

[mysrh]

The area is hard to get decent house within my price range and there are barely vacant lands available. The area is considered premium for my budget and the houses are old.

Besides, because the suburb has established, I think capital won't go up as much.

One other area I have in mind which people say family oriented area is Atwell.

There are other areas which are used to be a no-no for living, now with new development, young families start moving in to the areas. Not sure if I'm right on this.

 

[heroine]

It sounds to me like you want a new shiny house. They depreciate, just like cars.

And you can't tax deduct depreciation on a PPOR.

So there s your problem.

Can you look into renovating your house? Maybe add a storey?