Top Five Areas To Buy & Invest In Perth
Summary
TLDRThe 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.
Outlines
🏆 Perth's Top Property Hotspot and Emerging Suburbs
The video discusses Perth's leading property hotspot, predicting continued double-digit growth in 2024. It introduces an expert commentator and touches on various suburbs, including a high-rated beachside area and a potentially risky one, referred to as KGB. The data analysis reveals clusters of public housing, which can impact property investments. The video also explores the social dynamics and gentrification in these areas. Mandera, a hidden gem not part of the Perth Metro, is highlighted for its significant development and population growth, with a shortage of new homes that is likely to drive prices up. The area's appeal to investors is evident, and it is suggested that Mandera is a well-kept secret with great potential.
🚄 Developments and Infrastructure in Perth's Suburbs
This paragraph delves into the city of Goos, which has a mix of public and private housing, and is undergoing revitalization with new parks and community centers. The Thornlie to Cockburn train link is expected to enhance public transport and contribute to a projected population increase. Despite past challenges, there's optimism for the area's future. The city of Rockingham is presented as a working-class area with significant developments, including the expansion of Aqua Jetty and a strong community vibe. Its population growth and strategic location make it an attractive long-term investment. Armadale is highlighted for its urban renewal and green spaces, with major economic projects contributing to its transformation. The area's population is expected to grow significantly, making it an area of interest for investors.
🏗️ Armadale's Economic Development and Future Growth
The focus is on Armadale's significant economic development, with new courthouse and police complex construction, a $600 million rail extension, and a new state-of-the-art campus. These projects are setting the stage for rapid gentrification and community growth. By 2026, Armadale's population is expected to increase by 99.3%, indicating a thriving area. The video emphasizes the importance of creating spaces where communities thrive, which is where smart investments are made. Armadale is noted as a top location for buyer and investor interest, with many already owning properties in the area.
🌟 Wanneroo: The Crown Jewel of Investment Potential
Wanneroo is described as Perth's Northern buyer gem and the crown jewel of investment potential. The area is well-serviced with access to beaches, train lines, highways, business parks, and employment opportunities. It has a diverse mix of industries, including construction, retail, education, manufacturing, and health. The city is investing in projects like the Alamos aquatic and recreation center, aiming to improve the quality of life and attractiveness for residents. Wanneroo's population growth is projected to be significant, with a 5.8% increase by 2026 and a further rise to over 231,000 by 2046. Despite supply chain shortages and high building costs, Wanneroo's established area and middle-market positioning make it a prime location for new demand. The video concludes by emphasizing the importance of knowledge in real estate investment and the potential of Wanneroo as a top-rated location in Western Australia.
Mindmap
Keywords
💡Property Hotspot
💡Public Housing
💡Gentrification
💡New Supply
💡Regional WA Center
💡Population Growth
💡Housing Shortage
💡Community Vibe
💡Economic Development
💡Urban Renewal
💡Employment Diversity
💡Quality of Life
Highlights
Perth's number one rated property hotspot is expected to experience double-digit growth in 2024.
Gregarious Guru provides insights on the ground in Perth later in the video.
The third-rated location is a beachside suburb and a high-rated purchase area, potentially surprising many viewers.
KGB is mentioned as the riskiest area in Perth to purchase property, with locals sharing their experiences on the ground.
High clusters of public housing in certain suburbs can lead to challenging property investments.
Almost 1/3 of all properties in Bala are public housing, which can cause significant issues.
New supply in Bala is at almost 3%, with hopes that new residents will connect with the local community.
Mandura, a beachside oasis 70 km south of Perth, is undergoing significant development with high per capita spend.
Mandura's population is projected to grow from 93,000 in 2021 to over 105,000 by 2026, indicating a high annual growth rate.
A housing shortage in Mandura is expected to worsen, with high demand and less than 2% new homes forecasted to be constructed.
The city of Goos is investing in new parks and community centers, revitalizing its streets and improving public transport.
The Thornlie-Cockburn train link is anticipated to benefit the city of Goos by enhancing connections to the Perth metro area.
Rockingham, a working-class area with beaches and community vibe, is undergoing significant developments including the expansion of Aqua Jetty.
Armadale is experiencing significant economic development with new projects like a courthouse, police complex, and a rail extension.
Wanneroo is identified as the number one buyer and investor location for 2024, offering a blend of urban renewal and green spaces.
Wanneroo's population is expected to grow significantly by 2046, reflecting the area's attractiveness for future expansion.
The supply chain shortages and high building costs are impacting new housing supply in Perth, particularly affecting established areas close to the CBD.
Wanneroo is ranked number one in the entire of WA for capital growth, making it a prime location for short and midterm growth.
Transcripts
this is perth's number one rated
property hotspot and we are tipping that
the double digit growth is set to
continue in 2024 and join by our
gregarious Guru on the ground in per
later in this video we're going to an
emerging suburb an investment Workhorse
number three rated is a lovely Beachside
buyer dream but also our highest rated
purchase location which may surprise
many of you all the way down to
potentially the riskiest area in Perth
to purchase property the locals call
these three suburbs KGB you can see what
things might be like on the grounds so
what about the data in each of these
suburbs there's High clusters of public
housing whilst this does a lot of social
good it does make for hairy property
Investments excuse me just wondering if
you had any thoughts on GE wi what's it
like living in this suburb are you
finding it gentrifying excuse me is this
a good suburb to live it in this street
pocket of Bala over one qu almost 1/3 of
all properties are public housing this
sometimes causes massive issues we can
see here new Supply in Bala is almost 3%
perom hopefully the residents in these
nice shiny new homes connect with the
local community for the good of all
firstly we're going to be heading to
number five on our list woohoo the
mandra a Beachside Oasis technically not
part of the Perth Metro we're actually
70 km South down the coast but since
it's not exactly in Perth we're calling
it a Hidden Gem mandera is undergoing
significant development in terms of per
capita spend mandera punches way above
its weight for a regional wa Center at
$3,000 per person in new project spend
mandrew is on a growth spur driven by a
lure and development effort with a
population at about 93,000 in 2021 it's
projected to hit over
105,000 by 2026 this is growing at
almost 2.5% annually on a national level
this is very high let's just simplify
our thoughts here awesome new
developments and high population
pressure at about 2 1/2% per atom but
still less than the 2% of new homes per
atom forecasted to be construct anyone
paying attention can realize that the
housing shortage in this area is only
set to get worse you can see here in the
north of mandura there are a few suburbs
with lots of new homes in the
construction pipeline but in the heart
of manura good luck in building a new
home anytime soon no room mate no room
very very busy all right mate everyone
want done right now all right no chance
get this mandura is on fire tick tick
tick tick new projects and this
unbeatable lifestyle are making everyone
want to move there if only they had a
home to move to a builder he like
striking
gold with this rush and two few new
homes brace yourself because we're set
to see prices continue to rise but keep
it quiet mandra is the secret spot that
locals wish stayed under wraps on a
national level this is pretty special
it's the dream life at dream prices
imagine snagging a home just 20 years
young or even less a 2-minute stroll
from the beach boasting four bedrooms
and a garage all for less than
$500,000 and Perth a growing Global city
is just a 40-minute drive away when we
stack up all the local government areas
mandera shines bright grabbing the
number two overall spot in terms of
growth potential for our rip house rcore
over at mandera is the number one
most followed area so investors are
already sitting up and taking notice
overall rating for mandra if it was in
Perth is number five in the entire ofwa
I get the feeling prices won't start
with a for for much longer down in this
neck of the woods so now we know that wa
Capital Growth is not just limited to
Perth next we head to the city of goal's
a low socio area some say it's about the
challenges we say it's about the
potential for me it's really important
to understand the current and potential
future scope for public housing take the
actual suburb of gozal itself for an
example some Street pockets have 0%
public housing we can see here and we
can see here others have over 30% public
housing here in the north of social
housing we need to remember this to
check public housing at a Suburban
street level when we are thinking about
investing in the Goos with new parks and
community centers the city of Goos is
breathing new life into its streets the
1.25 billion Thorn leader cockburn train
link is anticipated to benefit goals by
improving public transport connections
to the Perth metro area this project
aims to create direct rail links between
the Eastern suburbs and the southern
Corridor potentially reducing travel
times dramatically population is set to
increase from almost 140,000 in 2024 to
167,000 by 2036 this represents a change
of
19.4% over this 12year period reflecting
the community's growth mindset perhaps
more importantly when we compare
projected population growth to current
new housing Supply levels we can see
once again a chronic under supply of new
housing to meet these new levels you can
feel it on the ground
here tick tick tick tick although goals
has had its issues with crime and drugs
things are on the up and up in certain
locations goels is more than its past
just because an area has or once had
local stigma doesn't mean it's
automatically ruled out in the next
coming weeks I'll be doing a deep dive
on which suburbs and streets are the
best to focus our attention as property
buyers and investors especially in the
goal and other areas in this video
please subscribe to my channel and hit
the Bell icon to be the first to know
when this video is posted all right
wrapping this up drum roll it's a
blowout from a pure data perspective but
buyers and investors are slow to catch
on maybe a little afraid to tread in
these Waters goals is number four on the
amount of investors following them over
on piy and now let's stay in the South
number three on our list of the best
areas in Perth to buy or invest let's
dive into the city of rockingham's story
this workingclass area shines with its
beaches and Community Vibe Rockingham
isn't just about the sun and the sand
and the surf between me and you there's
a lot of big stuff going on around here
think of it as a diamond in the rough
Rockingham is a heavy hitter in wa
significant developments include the
expansion and enhancement of the aqua
jetti at $29 million plus to accommodate
population growth Rockingham buzzes with
events that bring people together this
Vibe is gold for investors over the next
3 years this city of Rockingham
population is said to increase by 5.4%
through to 2026 that is forecasted to
push an extremely strong population
growth figure over the next two decades
where population is projected to grow
from almost 150,000 people today to over
131,000 people by
2046 the horse may have already bolted
in Rockingham for this short-term
property cycle but remember we are also
looking at the long-term the fleet based
West located at hmas Sterling on Garden
Island near Rockingham is the Royal
Australian Navy's primary base in
Australia housing also how much talked
about submarine Fleet okay what is the W
rank number nine in terms of the rip
house R score we have already seen some
short-term capital growth in this
location but Rockingham is off the
charts for wa in terms of buyer and
investor interest
with many hundreds of expert investors
over on already owning properties
in the area sitting in their existing
portfolio this area would suit those who
like a little support from a pack of
buyers to give them confidence and maybe
are looking for a longer term play buyer
rting is number three for Rockingham in
wa things are really starting to get
interest in right next door just a
little further Inland number two on our
list of the best areas in Perth to buy
or invest Armadale a blend of urban
renewal and green spaces is catching the
eye of investors but What Lies Beneath
its evolving Skyline it's a mix of
Nature and new beginnings and the area
is not just changing it's thriving you
need to Peak beneath the surface because
armadale's transformation is more than
cosmetic so let's peel back the layers
and see why buyers and investors should
be watching closely armor is witnessing
significant Economic Development with
projects like the construction of a new
courthouse and police complex the $600
million biford rail extension and the
new state-of-the-art ta
campus the scope of these projects is
really off the charts for areas like
armadel armadale's population is set to
increase by a tremendous
99.3% through to 2026 on a national
level that is really high longer range
that is set to push on with population
projected to increase from about 107,000
people today to 146,000 by 246 once
again this South Perth area seems to be
a focal point for the state government
to accommodate the high population
growth targets of this emerging Global
City I would say 2024 is the beginning
of armadale's New Era the level of
investment is outstanding set to rapidly
gentrify key Suburban Street pockets in
this area area once again tick tick tick
and tick in armadel the focus is on
creating spaces where communities Thrive
together for me it's about creating
spaces where life happens and that's
where smart Investments grow okay the
Armadale R ranked number four in the rip
house rcore things are firing on all
cylinders here but the word is also
getting out quickly for buyer and
investor interest and lot of investors
over on already owning properties
there having jumped in quickly in 2023
where the data really did start to
emerge overall riging for armadel is
number two in the entire of wa right
hold up a seconds we're about to show
you the best place in Perth to invest
but first I've got something really
important to share with you I would like
to help in three ways first there's
picky it's like a secret map to finding
the best investment spots and seeing the
real deal about properties for sale
stuff that's often kept quiet by the
seller you may have noticed all the
awesome maps and property details used
in this video that's picky and it's
totally free for our viewers using the
link in the description of this video
then there's the awesome Community we've
built on Facebook called high
performance property investment it's a
place where we all come together to talk
property share our wins and learn from
each other it's about getting the inside
scoop and Port making sure you're never
going at it alone the links once again
in the description and for those of you
wanting to take it up a notch needing a
little bit more assistance if you would
like to learn from me about how I
purchase property or even have me
purchase for you then check out my
investment masterclass video here the
link is in the description who knows you
might like to check out all three
without further Ado our number one buyer
and investor location for 2024 is
woo where diversity meets opportunity
this isn't just perth's Northern buyer
gem it's the crown jewel of investment
potential in this area every corner
tells a story of diversity and
opportunity woo stands alone in a
competitive market so let's Deep dive
into the community's success firstly The
Story begins with how it exists now
wanneroo is extremely well serviced look
at this access to the beach to the train
lining to the CBD to these major
archeries these highways to the
lifestyle factors here and then also
Inland you've got business parks to the
north and you've got employment down
here to the South this is a suitable
place to facilitate the middle class
expansion of Perth in a world not ring
on the mining boom current residents are
employed in a diverse mix of Industries
including construction retail education
manufacturing and health now for me
diversity of employment is incredibly
important here this is not a one horse
Town woo has incredible diversity in
employment internally we have a strong
mix of local projects that ensures woo
has Parks schools and events that brings
the community together the $65 million
Alamos aquatic wtch creation center
project is a significant development in
the city of wanneroo aiming to offer
indoor and outdoor swimming pools G
Fitness facilities Sports courts a crash
Cafe and much more externally to woo but
crucial in improving the quality of life
and attractiveness for residents of
wanneroo us Perth residents prefer to
drive in our cars with the airon on
versus taking the sweaty train with
everybody else to hammer this home check
out this map of woo and the city access
points all the way down towards the
Perth CBD each and every one of these is
an individual project to improve the
access to the city projected population
growth through 2026 is at 5.8% once
again really leading the country forth
that's a lot of new residents who need
new homes or are willing to pay more for
those that are existing by 2046 wo
population is expected to grow
significantly from about 150,000 people
today to over
231,000 this growth reflects the area's
ongoing attractiveness as a place to
live work and to play highlighting the
city's potential for future expansion
again if you're looking for a builder
good luck ah woo is no different to most
of Perth with supply chain shortages and
high building costs jamming a handbrake
onto new housing Supply might now m i
don't have time
although some suburbs in the north
have had really high new home
construction the focus of our attention
is inland and closer to the Perth CBD
this is an established area with very
few new homes in the construction
pipeline we are smack bang in Middle
Market Perth outstanding tick tick tick
and tick exactly where new demand sits
check out this recent wa today article
highlights while Perth has significant
Urban infield targets it is the suburbs
sprawling north and south of the CBD
that have accommodated the lion share of
the City's burgeoning population nowhere
is this more evident than in the two
large new base primary schools currently
being constructed in the woo suburbs of
Bram and Eglington don't fight against
the federal and state government policy
okay the one W ranked number three in
terms of the rip house R Capital Growth
score although there has already been
some growth we're still firmly in the
mix with the best locations for short
and Midterm growth over on picky
informed buyers are starting to sit up
and take notice overall rating for
wanneroo is number one in the entire of
wa wanneroo stands at the Pinnacle a
testament to perth's bright future we
have journeyed across Perth uncovering
the hidden gems and the prime
Investments That Define this city
remember in the world of real estate
investment knowledge is your key to
unlocking potential
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