Top Five Areas To Buy & Invest In Perth

Summary

The video script discusses the top-rated property hotspots in Perth for investment and living in 2024. It highlights the continued double-digit growth expected in certain areas. The video features an on-ground expert, known as the 'gregarious Guru,' who explores various suburbs, including a high-rated beachside suburb and a potentially risky area for property investment. The script provides insights into the data of each suburb, such as public housing clusters and their impact on property investments. It also touches on new developments and population growth, particularly in Mandera, which is experiencing significant growth and development. The video also covers other areas like the city of Goos, Rockingham, Armadale, and Wanneroo, each with its unique investment potential and community vibe. The script concludes by emphasizing the importance of knowledge in real estate investment and the potential of these areas for both short-term and long-term growth.

Takeaways

• 🏆 Perth's top-rated property hotspot is expected to see continued double-digit growth in 2024.
• 🏘️ High clusters of public housing in certain suburbs can be challenging for property investments.
• 📈 Mandurah is a hidden gem with significant development and high population growth, leading to a potential housing shortage.
• 🚄 The Thornlie-Cockburn train link is anticipated to improve public transport and benefit areas like the City of Cockburn.
• 🏖 Rockingham is experiencing significant development and has a strong community vibe, making it an attractive investment location.
• 🚀 Armadale's economic development and population growth make it a key area for investors, with a focus on community and green spaces.
• 🌟 Wanneroo is highly ranked for capital growth and offers a diverse employment base, making it an attractive area for middle-class expansion.
• 🏞️ Wanneroo's development projects, such as the Alamos aquatic and recreation center, aim to improve the quality of life for residents.
• 📊 Population growth in Wanneroo is projected to be significant, indicating a strong potential for property investment.
• 🏗️ Supply chain shortages and high building costs are impacting new housing supply in Perth, which may affect property availability.
• 💡 Knowledge is key in real estate investment, and understanding the local market trends is crucial for unlocking potential.

Q & A

What is the projected growth for Perth's property hotspot in 2024?

The script suggests that Perth's number one rated property hotspot is tipped for double-digit growth to continue in 2024.

What is the significance of the term 'KGB' in the context of the script?

The term 'KGB' refers to three suburbs in Perth that are being considered for their property investment potential. The locals use this acronym to describe these areas.

How does the presence of public housing impact property investments in the discussed suburbs?

The presence of public housing, while socially beneficial, can make for challenging property investments due to the potential for lower property values and higher management issues.

What is the projected population growth for Mandurah by 2026?

The population of Mandurah is projected to increase from about 93,000 in 2021 to over 105,000 by 2026, which is an almost 2.5% annual growth.

What is the current situation regarding new home construction in Mandurah?

There is a significant development and high population pressure in Mandurah, but the construction of new homes is forecasted to be less than 2% per annum, indicating a potential housing shortage.

How does the city of Cockburn's Thornlie-Cockburn train link project benefit the area?

The Thornlie-Cockburn train link project is expected to improve public transport connections to the Perth metro area, potentially reducing travel times and stimulating growth in the region.

What is the projected population increase for the city of Cockburn from 2024 to 2036?

The population of the city of Cockburn is set to increase from almost 140,000 in 2024 to 167,000 by 2036, which is a change of 19.4% over the 12-year period.

What are some of the significant developments in Rockingham that contribute to its appeal for investors?

Rockingham has significant developments such as the expansion of Aqua Jetty at a cost of $29 million and a strong community vibe with events that bring people together, making it attractive for investors.

What is the projected population growth for Armadale by 2026?

The population of Armadale is set to increase by a tremendous 99.3% through to 2026, indicating a strong growth potential for the area.

What factors contribute to Wanneroo being the top-rated location for buyers and investors in 2024?

Wanneroo's top rating is due to its diverse employment opportunities, well-serviced community with access to beaches, train lines, highways, business parks, and significant developments like the Alamos aquatic and recreation center project.

What is the projected population growth for Wanneroo by 2046?

The population of Wanneroo is expected to grow significantly from about 150,000 people today to over 231,000 by 2046, reflecting the area's ongoing attractiveness.