Hi all,
Calista, Medina, Parmelia, Orelia are all cheap suburbs in the Perth Metro that have had lots of interest from investors during this boom.
I'm looking at these area's from a close to, if not positive cash flow scenerio - but recently read that a common error by investors is to buy IP's in cheap suburbs during a boom that have initial capital growth, but over a long term fail to produce good capital growth.
I wonder if these suburbs will fall into this catergory and would like to know why forumites beleive these suburbs should be any different?
I know of the Perth to Mandurah train line going in, and this is often associated with the potential for growth - but suburbs along the Perth to Armadale line have shown low long term growth. Why should these be any different?
The Kwinina Refinery stigma can't be a plus for capital growth.
Whether people know there is or there isn't much "interferance to joys of living" in such suburbs may be irrelevant as the Refinery looms large on the road map.
However I refuse to cross these suburbs of my list just yet as they offer better rental yields.
I welcome comments that may sway my initial perceptions. Perhaps the suburb Cooloongup should also be considered?
Regards and Thanks
Keen
Calista, Medina, Parmelia, Orelia are all cheap suburbs in the Perth Metro that have had lots of interest from investors during this boom.
I'm looking at these area's from a close to, if not positive cash flow scenerio - but recently read that a common error by investors is to buy IP's in cheap suburbs during a boom that have initial capital growth, but over a long term fail to produce good capital growth.
I wonder if these suburbs will fall into this catergory and would like to know why forumites beleive these suburbs should be any different?
I know of the Perth to Mandurah train line going in, and this is often associated with the potential for growth - but suburbs along the Perth to Armadale line have shown low long term growth. Why should these be any different?
The Kwinina Refinery stigma can't be a plus for capital growth.
Whether people know there is or there isn't much "interferance to joys of living" in such suburbs may be irrelevant as the Refinery looms large on the road map.
However I refuse to cross these suburbs of my list just yet as they offer better rental yields.
I welcome comments that may sway my initial perceptions. Perhaps the suburb Cooloongup should also be considered?
Regards and Thanks
Keen