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.

Outlines

00:00

🏆 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.

05:01

🚄 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.

10:01

🏗️ 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.

15:02

🌟 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.

Keywords

💡Property Hotspot

A property hotspot refers to a location that is experiencing or is expected to experience significant growth in property values. In the video, Perth is mentioned as a number one rated property hotspot with continued double-digit growth anticipated in 2024.

💡Public Housing

Public housing is government-owned residential housing provided for low-income residents. The script discusses the impact of public housing clusters on property investments, noting that while they serve a social good, they can present challenges for property investors.

💡Gentrification

Gentrification is the process of renovating and improving a house or district so that it conforms to middle-class tastes. The video script inquires about the gentrification of certain suburbs, indicating areas where the property landscape and demographics are changing.

💡New Supply

New supply in the context of the video refers to the construction of new homes in an area. It is mentioned in relation to Bala, where almost 3% new supply per annum is highlighted, indicating potential growth and development in the region.

💡Regional WA Center

A regional WA (Western Australia) center refers to a significant town or city outside of the main metropolitan area. Mandera is described as a regional WA center with high per capita spend, indicating its economic significance and potential for investment.

💡Population Growth

Population growth is a key factor in real estate investment as it influences demand for housing. The video discusses population growth in various areas, such as Mandera's projected increase to over 105,000 by 2026, which is nearly 2.5% annual growth.

💡Housing Shortage

Housing shortage occurs when the demand for housing exceeds the supply. The script suggests that the housing shortage in Mandera is set to worsen, which could drive up property prices due to high demand and limited supply.

💡Community Vibe

Community vibe refers to the social environment and the sense of community in a neighborhood. Rockingham is described as having a strong community vibe, which is attractive to potential investors and residents looking for a good quality of life.

💡Economic Development

Economic development involves the growth and improvement of a region's economy. The video mentions significant economic development in Armadale, including new courthouse and police complex construction, which can boost the local economy and property values.

💡Urban Renewal

Urban renewal is the process of improving urban areas by rebuilding or refurbishing them. The script refers to Armadale's urban renewal, which includes the creation of new community spaces and the revitalization of existing ones, making the area more attractive for investment.

💡Employment Diversity

Employment diversity refers to a range of different industries that provide jobs within a region. Wanneroo is highlighted for its diverse employment opportunities, which include construction, retail, education, manufacturing, and health sectors, making it a stable area for property investment.

💡Quality of Life

Quality of life is a measure of the overall well-being and life satisfaction of individuals within an area. The video mentions the Alamos aquatic and recreation center project in Wanneroo as a significant development aimed at improving the quality of life for residents.

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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