If you are looking forward to investing your hard-earned money in a relatively affordable Perth property, you have made the right decision. The reason is from the last few years, Perth has shown impressive stability even during the pandemic and has no doubt come across the fastest-selling rates.
According to NHFIC analysis, Perth stands out as one of Australia’s highly affordable cities for people who are planning to buy their dream homes for the very first time. So, if you are the one who is planning to invest money in Perth suburbs, then you have reached the right place.
Through this post, we will discuss some of the best suburbs, as suggested by the best real estate agents in Perth, in which you can buy your home. Let’s get started: –
If you look at the market in the city of Rockingham, it’s been rocking over the years with elevated buyer demand and no doubt price growth. But if you talk about Baldivis being the most prolific suburb, its demand is increasing as the houses remain in the $400,000s.
The real estate industry gets easily attracted towards significant new infrastructure, and Forrestfield is one such suburb of Perth. The Forrestfield Airport Link Rail line is one such infrastructure due to which the sales activity has lifted steadily over the past few years.
Belmont and Rivervale
Both these suburbs of Perth were hit hard by the pandemic, but while this new Perth Stadium came on paper, Redcliff underground train station came under construction and many more. Due to this reason, Belmont received significant upgrades.
Moreover, one of the famous groups called The Golden Group has been working on its multi-billion dollar Belmont Racecourse apartment.
Joondalup offers a suburban CBD to hospitals, various government offices, and universities and also to retail. Due to this reason, this generates several rental demands in various residential parts of this suburb, with vacancies at 0.4%.
Padbury and Craigie
Both these suburbs of Perth have been forgotten for years and neglected. But if you watch the map, all the surrounding suburbs are nicer ones with all the facilities.
As all these nicer suburbs becomes too expensive, people are moving towards these two suburbs, and they are starting to see significant buying pressure from the developers.
That means these two suburbs have changed a lot as old houses are changing into triplex apartments. Now the new generations are the owners and renters of this area.