If you’re interested in making the most of our current record low interest rates by delving into some property investment, here we list some of the state’s hotspots according to realestate.com.au, with Victoria Park taking the number one spot.
Realestate.com.au ranks each hotspot by taking the number of searches a suburb receives on realestate.com.au’s investment site through the search tool and map function.
According to realestate.com.au, the following are the state’s top ten most searched suburbs for investing.
1. Victoria Park
3. South Perth
8. Mount Lawley
9. Canning Vale
Throughout the first quarter of 2015, suburbs around the Perth metropolitan area attracted the majority of attention and interest from investors searching online.
Coming in at number one was Victoria Park, a growing suburb filled with tree lined streets, boasting beautiful character homes and a great community spirit.
According to REIWA, Victoria Park has experienced rapid growth in recent years, and is now home to more than 8,500 people among its three square kilometre land area.
Being one of Perth’s older suburbs, there is a large variety of housing types suiting all property needs around Victoria Park. It’s also not unusual to see several homes undergoing renovations in the area, with most young couples starting out with a 3x1 character home, before extending or adding another story when it comes to finding a family home.
The area generally offers something for everyone - whether you’re looking for a large and spacious family home, small one bedroom villa or an apartment, you will always be able to find something to suit your budget.
The area is also known to claim a real sense of community spirit with Victoria Park hosting many local events for residents to enjoy so there is always something happening.
With a median house price of $660,000, the area has experienced 7.8% growth over the past ten years. Investors are drawn to the area for its abundance of amenities and facilities.
The Albany Highway commercial and entertainment strip is a drawcard of Victoria Park with an array of restaurants, pubs, bars, cafes and small specialty stores available.
When it comes to investing in the area, Victoria Park is situated in a great location - close to the CBD, Curtin University and the Perth foreshore makes it a very sound, safe investment suburb.