Learning about the No Agent Property market, a.k.a For Sale by Owner, means keeping abreast of the latest in suburb news in Australia. This time we’re covering the top Perth suburbs.
Perth may not be as busy as Melbourne or Sydney, but its laidback appeal is what most people are looking for. If you’re searching for good pickings, there are a handful of suburbs here that may just convince you to move.
Location is surely a factor in options, and the properties along the coast and riverside are usually first prospects in buying houses. Suburbs nearer to the city and less affluent districts are prime targets in searching for rentals.
Considering your lifestyle and the amenities that complement, here are the top five Perth suburbs to note in your No Agent Property search before the year ends.
As early as 2014, median house prices in this suburb steadily increased from 7%, currently at $325,000. Continued development of the area only improved its reputation and marketability, especially for investors. Affordable homes in the No Agent Property market of Armadale appeal to prospectors on a budget, and ongoing infrastructure projects perk up local offerings.
Armadale has enough transport nodes to ensure easy commute. It’s an important junction between the South Western and Albany Highways, and the Armadale railway line is also one of five servicing Perth. Leisure spots like Minnawarra Park and Araluen Park sweeten the deal.
If you’re after a No Agent Property closer to the bustle of the metropolis, this suburb should be on your short list. It’s a mere 12 km from the Central Business District; this central location is appealing for those who want proximity and the convenience of larger space. Balcatta is the affordable option, and it comes with many perks.
This suburb is also commercial and industrial, and its appeal to middle-class investors is its affordable prices. The median range is $540,000, not bad considering its proximity to the CBD.
Those familiar with this suburb consider it as first pick for No Agent Property deals, and for good reason. Living in “Subi” is a lifestyle statement. It’s very close to the city, and the variety of leisure, sporting, and dining options makes you feel you’re living in suburb near the busier cities. Subiaco is currently the pet of ongoing redevelopment, making it the prime prospect for families, single young professionals, students, and even retirees.
Notable spots here include China Green, the old Ace Cinema, King’s Park, and Swan River. Also near Subiaco are Perth’s soon-to-open Children’s Hospital and the University of Western Australia, bonus amenities you can’t overlook.
It’s an inner-city suburb four kilometres south of the CBD. The convenience is only matched by character, which is why properties here are sought-after by investors.
Notable here is the busy café strip along Albany Highway, a spot for the savvy leisure-seekers. Top this with tree-lined avenues and themed home designs, and Victoria Park offers good investments at reasonable prices.
As side note, this suburb is also close to the Curtin and TAFE campuses–something to consider if you’re after rentals and leased properties.
Median prices of houses in Cottesloe fetch a price tag of around $2 million. This is still reasonable, considering its location. Nestled between Perth and Fremantle, the vibe is as laidback as the nearby beaches. And the diverse mix of residents keeps the community interesting.
Entry costs to rental houses fetch around $1,000, $5,000 a month for apartments. It’s safe to say “Cott” is the suburb to be if money isn’t a problem and you won’t settle for anything less than ideal in the city.
No Agent Property Forecast in Perth
This is a good time to dive into the No Agent Property Perth’s suburbs, especially the ones on the list. These are either up-and-coming or reliable investments, and value is expected to increase next year.
As always, it helps to do the legwork and research on worthwhile prospects. Consider the median price for the area, sales and rental returns, current and projected developments in your decision.
A house in a Perth suburb could be your next best in investment!
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