Perth is a fast-growing Australian city that combines city apartments and coastal living in a multicultural activity hub.
It’s becoming the country’s business hub because of its proximity to most Asian destinations, Australia’s primary trade area.
Here are 6 Top Suburbs To Invest in Perth
The property boom in Perth converted it into a property investor’s goldmine. Here are the six best suburbs to invest in Perth.
Viveash, a Western Australian suburb in the Swan region, has a population of 1035 people and a distance of 16km to Perth.
With the help of relevant crucial facts, market information, statistics, and demographics, you can understand the suburb’s lifestyle to make confident, informed investment decisions.
Investing in Viveash Land to build residential properties is a wise investment decision because the area is ideal for the homeowners looking to be near beautiful open spaces, schools, modern amenities, major retails, sporting facilities, and everything they require within reach.
Viveash has a median house price of $490,500 and a growth rate of 27.2%, making it a worthy investment hub.
Willagee, a preferred residential suburb whose population is 4872, is located 12km in the southern part of Perth. Its annual growth rate is 19.9%.
The median house’s listing price is 625,000 dollars, and the weekly rent is $500, with a vacancy rate of 0.46%.
Gallery, an estate at Satterley, is a tiny neighborhood with an appeal to families, downsizers, and young couples. It connects Carawatha Park with a beautiful art trail via the public walkways, on great schools’ doorsteps, Murdoch University, and public transport.
Spearwood, a southern Perth suburb in West Australia, is located in the City of Cockburn. It has a population of 10,034 and an annual growth of 22%.
It’s located 19km from Perth, and its annual median house price is $550,000. Spearwood features a big shopping center, various primary schools, a flourishing commercial sector, and several recreational facilities.
The Manning Park and Lake area has walking trails for residents to enjoy and explore.
Consider these best suburbs to invest in the Perth property market
Baldivis, a suburb in Western Australia’s region, Rockingham, has a population of 31, 649 residents with a median house listing of 416,000 dollars and an 8.7 annual growth.
The Baldivis town center has grown along with the region’s accelerated growth. The center is now a bustling hub featuring medical facilities, cafes, Stockland Baldivis shopping center, a gym, and more.
Other features include the Baldivis Nature Reserve, Bonney’s WA Water Ski Park, and Baldivis Recreation Center.
Madeley suburb has a population of 6,084 people and an annual growth rate of 9.5%, with a median house annual rate of $635,000. It’s located 15km from Perth and has several primary and secondary schools.
The Woodvale suburb’s population is 9,276 people. The suburb is 22km from Perth, with an annual median housing rate of $740,000 and an annual growth rate of 15.4%.
If you’re considering property investment in Woodvale, rent out houses for 585 dollars per week for a 4.5% annual rental yield. Depending on five-year sales, Woodvale’s house growth rates are 14.4% and -8.3% for units.
Perth is an excellent city for investment. Consider these best suburbs to invest in the Perth property market.