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From: Paul Sheldon
I have done some research on growth rates both in the last 12 months and annual avg over the last 5 years, and in Perth the obvious suburbs are those along the coast north of the river, Trigg, Cottesloe, City Beach, Sorrento and the sleeper seems to be Scarborough (last 12 months only 5% but over 5 years nearly 10%). However, the cost of property in these areas is somewhat higher than in other areas relative to average rental property costs around Perth. Most of the reading I have been doing has indicated that expensive IPs are not necessarily a good thing due to there being a small market of renters capable of paying the rent.
I am interested in opinions from those investing in Perth. Another area I am interested in is Wembley as the cost of units and townhouses is cheaper than the coastal subs, but growth is still good, although not quite as good as the others.
This will be my first rental purchase (I have recently sold a spec home I built) so I am keen for some comments!
Thanks
Paul.
I have done some research on growth rates both in the last 12 months and annual avg over the last 5 years, and in Perth the obvious suburbs are those along the coast north of the river, Trigg, Cottesloe, City Beach, Sorrento and the sleeper seems to be Scarborough (last 12 months only 5% but over 5 years nearly 10%). However, the cost of property in these areas is somewhat higher than in other areas relative to average rental property costs around Perth. Most of the reading I have been doing has indicated that expensive IPs are not necessarily a good thing due to there being a small market of renters capable of paying the rent.
I am interested in opinions from those investing in Perth. Another area I am interested in is Wembley as the cost of units and townhouses is cheaper than the coastal subs, but growth is still good, although not quite as good as the others.
This will be my first rental purchase (I have recently sold a spec home I built) so I am keen for some comments!
Thanks
Paul.
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