I lived there for 10 years.... Some streets are good some arent due to lower socio economic residence.
Look to buy in the higher Park Waters Estate side of South Lake up on the hill.
Well located to Perth & Fremantle 15 minutes by car.
It has a primary school. The high school used to have a bad name however in recent years it tidied its act up supposed to be a good school.
It has 2 local shopping centres, a tavern, 3 service stations, community/recreatonal centre with gym/pools, Hungry Jacks, KFC, Subway and is close to Cockburn Central (satellite cbd) where Gateways shopping centre and train station is. A few state & federal government departments are and have relocated to Cockburn Central too including a new big medical centre currently being built.
The big new state Fiona Stanley hospital is being built 5 minutes away.
South Lakes will definitely suit your buy, renovate & hold strategy.
Pretty thumbs up. It ticks many boxes in particular that infrastructure is being upgraded in the area - I think the hospital and the Uni somewhat (even though it's been there for years) means that tenants are never far away.
Other options to consider Hilton, Coolbelup, Kardinya