5 Perth suburbs tipped for fast growth in 2014

By the resi financial blog team, 24 June 2014

5 Perth suburbs tipped for fast growth in 2014

 

 

As the largest city in Western Australia, real estate opportunities in Perth are vast and varied. If you’re in the market for a move over to the west coast, how do you choose the right area?

Currently trending in Perth are “hidden gems,” or suburbs located just outside the trendier suburbs in WA. These communities have many of the same features of pricier ‘burbs, allowing for a premium lifestyle for any type of budget. Below we’ve compiled the up-and-coming areas in Perth for this year.

1. Armadale

Located about 30 km outside Perth’s CBD, Armadale’s community of 65,000 residents is likely to top 100,000 within the next 10 years. Access to large local infrastructure, commercial and recreational pursuits have made this suburb a popular choice amongst buyers looking for a low entry price. The affordability and good transportation options attract young families. Armadale is known as an urban hub for surrounding districts, and tops our list of ones to watch in 2014.

2. Brentwood

Nestled in southeastern Perth, Brentwood topped the charts for median house price growth last year, with young professionals and seniors alike flocking to buy in this suburb. Brentwood dwellers, attracted by stunning views of the Canning River, are community oriented. Affordability, amenities, and premier primary and secondary schooling options make this area hot. The small number of listings has made Brentwood properties highly competitive.

3. Wembley

Cambridge Street in Wembley is one of the most coveted in Perth, making Wembley an excellent investment prospect in 2014. The diversity of housing makes this suburb a standout, with multimillion-dollar properties in the area, alongside units that go for $300,000AUD. Wembley borders the well-known and lively Subiaco community; sharing features of its ritzier neighbour without the price tag.

4. Bassendean

Close to the foreshore and a quick 10 kilometres from the Perth CBD, Bassendean is a strong addition to our list of top Perth suburbs for 2014. Affordable housing, extensive public transportation options and proximity to the city create a buzzing community of working professionals. Bassendean is situated just five kilometres from the Swan Valley wine region. Investors are fast coming to this tight-knit neighbourhood and home prices are predicted to rise significantly within the next year.

5.Victoria Park

A hop, skip and jump over Perth’s CBD, Vic Park is quickly becoming a popular destination for WA’s independent youth. A more affordable option compared to pricey south Perth has emerged as a top investment spot for 2014. Vic Park offers the same features as more expensive areas, such as numerous transit options and popular shopping precincts, with a lower price tag. Close to rivers, stadiums, casinos, and all amenities of the city this is one to lookout for this year.

 

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Categories: Guest Blog, Perth, Top 5 suburbs