Perth 51 Areas Under $550k Expert Panel - Simon Loo, Dawn Fouhy, Jarrad Mahon, Bill Childs, Junge Ma
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- Опубликовано: 14 окт 2024
- Perth 51 Areas Under $550k Expert Panel Share Their Top Picks
Perth's on fire atm, it's so easy to get lost as to where to buy! Having a look through the eyes of our expert panel will give you a solid understanding to where's worth looking into and where's better to cut from the suburb search list.
Our list of 51 areas under $550k is an absolute must to check out for anyone thinking about investing in Perth. What's better than a list of 51 areas under $550K? How about a team of 5 expert investors sharing their top picks you should check out and bottom picks you should stay away from. As well as sharing their expert view on how much longer they think the Perth BOOM has left...
Kicking it all off will be Simon Loo. Buyer's agent, investor, and founder of House Finder, he has amassed a whopping portfolio worth well over $20,000,000.
Then we'll hear from Dawn Fouhy, head of Future Proof Property Advisory. She's an investor who has built herself a portfolio worth millions from the starting point of working PAYG.
Next, we'll be hearing from Jarrad Mahon, managing director of Investors Edge, with decades of Perth property market experience, he's an expert on the Perth property market and has also built himself a substantial portfolio. Not only that but he will be looking at Perth from a property management perspective as well!
Then we hear from Bill Childs from Limitless Lending Group. a mortgage broker specialising in portfolio growth who has an amazing story making his first million in property in his early 20's to now being in his mid 20's with millions in equity. Holding assets in Perth, Bill keeps a close eye on this market for himself and clients.
And finally, we have Junge Ma, lead research analyst at award winning buyers agency InvestorKit. Junge understands the numbers in a way most can only dream of! Junge shares her expert interpretation of what her research is telling us where the Perth market could be heading.
With our heavy-hitting panel of property experts, you'll want to check out the list and get ready to hit that rewind 30 sec button to soak in all the Perth property insights coming your way.
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Such an awesome episode Todd! Can’t believe this was free! Really appreciate you putting out such great content
Thanks dude, love hearing when the episode hits the spot 🙌🏼
There is no property is below $550 in Butler
Hi Todd, discovered your channel recently and have been binging it ever since, I’ve been watching bigger pockets U.S.A for a couple of years and it’s great to finally find quality Australian content (keep up the good work) I live in regional NSW on the South Coast, and have been giving serious thought to investing in the Milton -Ulladulla area or perhaps Batemans Bay, do you have any insights into these markets, would love to hear your thoughts, regards :Tez
The suburb selection & data presented here is great but for a free standing house you aren’t getting in the market below $580k in Perth today…
Thanks mate love hearing you're getting value from the data 👍🏼 100% it's hard to pull off but thats the whole point of this episode to expand people thinking into what needs to be done and where to look to do exactly that.
I'm all for getting educated and doing it yourself if thats the best fit for you, but if you feel you can't it's a good idea to chat with a BA that's securing IP's well under the $580k price point.
Happy investing bro 🙂
@@pizzaandproperty1246 I’m the founder of a buyers agency :) land size would need to be below 350sqm or looking at a townhouse purchase under $580k today :)
Great podcast but love tuning in👌🏽💯
Thats great mate! best of luck with the business 🙌🏼
Correct, BA or no BA
Thanks Todd so much for providing such an informative and insightful episode as I am actually thinking about buying into Perth market within next few months. This gives me greater confidence.
You’re welcome mate! Best of luck with the next purchase 😊
Thanks for great content. Only downside is while I’m listening with airpods I can hear whistling especially on Tod’s voice which makes it annoying to listen
Thanks for the feedback mate, will have the team look into it 👍🏼 Glad you're enjoying the show!
Enjoyed your podcast, looking to move to Perth when sale has happened looking to see where to go.
The variances in pricing that Bill refers to between Westminster and Balcatta are due to the fact that only the small acute triangular section of Balcatta east of Main St actually has similarities to Westminster and only this part allows similar subdivision rules. Hence the reason why it appears similar. However the price variance between the 2 suburbs, is actually caused by the fact that the larger northern and western parts of Balcatta have many very large and expensive homes and are tightly held multi generational communities. There's money here. There's even a dress circle location adjacent to the Rickman Reserve.
Westminster is still a well located suburb but it's easy to see why Bill when driving through it , Nollamara, Balga etc could see they are similar as there is a sameness but with Balcatta, it's only actually more the southern and eastern boundary that has similarities which given that it adjoins Nollamara and Westminster, is likely the part that he viewed.
They're all well located suburbs but you tend to pay a premium in Perth heading north for any suburb that is west of Wanneroo Rd, the only exception would be parts of Yokine, which is an aspirational suburb.
The Dianella variance is for similar reasons. It's a massive suburb that has some very exclusive sections with expensive houses on large blocks.
bang on Bill, that corridor of balga, westminster and girrawheen. Watch it rise 50% in 5yrs. cheers from Wembley, Perth
PS. Balga was split in two and half was renamed as Westminster, in an attempt to "revamp"
Great episode. Interesting to hear different angles from the different professionals. I loved finding out that four of the five selected suburb were already on my radar.
amazing work for this . im nearing to making a choice haha can you do also for queensland ??
Hey mate, yes 100% will be doing more eps like this, if we did one on QLD what would you like to see the focus on?
@@pizzaandproperty1246 andergrove, rockhampton city, mackay , glen eden new auckland haha
Thanks much Todd. A lot of learning for a begineer. Looking forward to more useful informative videos rather than other channels which are more theories.
Very good quality video. Best time to buy always yesterday. Even only late last year, houses in Greenfields were selling between 400-450k. Seems like its circa 550k now. 100k equity right there.
Thanks mate, wise words "Best time to buy always yesterday" 👈🏼🙂
Thank you so much for these videos, even though I am only 16 I still glean every scrap of info I can and can’t wait to start my own portfolio
Very good information and a very clear and simple way to communicate it.😊
Great video!:) I would love to know more around that northern area I am going to be building in Yanchep and would love to hear Jungs thought on that area
Thanks mate! noted 👍🏼
Local. Bushfires most Xmas's. Build in buffer for high insurance costs
Beach suburbs and population growth will ensure you’ll be fine in the longer run.
People always want to be near the coast in Perth and as prices keep rising the next generation will sacrifice distant from city to be near water.
Agree with Dawn and Jarrod id choose Stratton,$480k median, days on market 6 and barely any stock or any rentals also Midland,purchased in both recently great spots and very affordable surrounded by million dollar suburbs like Guildford
Also where can we order your hoodie Todd ?
whats the main indicators for property to grow ?
There's not one indicator there's multiple, if you rely on one indicator on its own it can lead you down the wrong path
Great episode, Westminster is a bit of a hole tbh.
Not feeling Butler either
Please do one for Brisbane and Adelaide and possible NSW Regional.. 🙏
Fantastic episode!!
Thanks mate, glad you enjoyed it 🙌🏼
Thank you for this great informative episode Todd! Now I just want to take a fight to Perth and have a drive around! It will be wonderful if in the future we can look at Brisbane/ Gold Coast/ Sunshine Coast Property market under 750K.
Hey mate, glad you enjoyed it 🙂 yeah 100% we'll be creating these on a few other markets, so your votes for Brisbane under$750k?
Where is pk Gupta in this?
What are you guys smoking? There isn't anything under $550k in Butler 😂
Haha not smoking anything bro, eps like this can date real quick in hot markets, but I am still hearings about people picking up off market deals in this range but is 100% getting rare
I just bought a property in Waroona, large block for 456K and the suburb has grown by over 20% in the recent past and days on the market less than a week. It is relatively closer to the beach, between two hotspots Mandurah and Burnbury where properties are already in 600Ks and driving distance to both and also within an hour distance to Perth CBD. A bit of a ripple effect to catchup, if Perth grows further, these closer suburban towns cannot be sitting there not growing. Sub 500K properties within driving distance to Perth will be hard to get in 2-3 years. Regional towns closer to Perth are the places to invest for me thinking ahead of the market. Northam, Waroona were on my shortlist, eventually picked Waroona for the above mentioned reasons. I invested in Seville Grove 3 years ago when everyone was investing in South Perth, I hope this works similarly.
Waroona, +40km to beach, +100km to Perth, bushfire prone. It could be worse, it could be my money. You can't compare Seville Grove to South Perth, Entirely different price point comparable to product. The price of a house in Seville Grove is a unit in South Perth.
@@JodyForbes Yup I bought large block house for 300K in Sev Grove, it has doubled in 3 years, not sure who's buying units for 600K in South Perth. Coming to Waroona, I too feel it is risky but I have taken a chance. The days on market are less than 6 days for decent properties and absolutely zero rentals. I would not have gone to any other regionals but since it is around half n hour driving distance to major regional towns like Mandurah and Burnbury where the property prices are growing rapidly. I have chosen Waroona due to the ripple effect potential. I work in Fire services and can identify BFPL bushfire prone lands. My property is relatively safer, fingers crossed. Distance to CBD (100km) hardly matters, there are people working in South Perth who prefer staying there rather than somewhere closer to CBD and the beach is less than 29 kms 20 mins drive and not 40+ kms. Not trying to convince anyone, only time will tell.
@@pavsanto As far as things that hardly matter, when the tide goes out, everything matters. There wouldn't be too many people living in South Perth that would rather be in Waroona, if there were it would have South Perth prices...??
Days on market are meaningless in a regional area more than 100km from Perth.
How large would the data set be?
With a median weekly family income below both the Australian average and the WA average, I wouldn't be holding my breath about growth.
@@JodyForbes I have 100% confidence in the current Housing crisis which will not be solved in the near future and will not reverse the tide , it might stabilise the growth but certainly won't go in the opposite direction, there will be demand for rentals. And as if everyone works in CBD and only those areas closer to it grow.. If someone wanting to buy in Mandurah and Burnbury where prices have crossed 600+K, find an affordable housing for 450-500K.. 30 mins away, why wouldn't anyone consider that an option.. Days on market just have a chat with the agents, I have been monitoring the listings recently and even shit properties are going under offer within a week. You might have your points for not investing there, I have my own reasons, I am not rich to invest closer to CBDs for an investment property for 600-700K price. As I said time will tell, Perth is not like before, its dependency on mining has reduced, immigrants from asia are considering Australia as 2nd or 3rd option which wasn't before with countries like Canada, NZ not favourable anymore. Proximity to Asia, ease of getting PRs will prompt more immigrants to work and stay in Perth, times have changed since last Perth bust. Housing crisis is a thing that won't let the tide go down. I have access to income levels and other intra suburb stats with my paid subscriptions based last census data, they are far better than some low socio suburbs like Kwinana and have decent earnings to pay a rent of 460-500 pw atleast
@@pavsanto I think you've got a lot to learn about the Australian mindset when it comes to property and it's relative value, in particular the premium paid in relation to proximity to the coast.
I don't believe for 1 minute that Perth isn't still hedged to its resource base.
The migrant intake is already being wound back. Time will tell but history has a habit of repeating itself and this movie has been seen before. Kwinana's household average weekly earnings are above the national average and certainly higher than Waroonas. It's an employment hub and a poor and incorrect choice to attempt to prove a point. So I would be questioning the value of that paid subscription if that's the information you are getting??
Good luck with your investment in Waroona.
There was a common trend with each suburb where they were at the end of a railway line. This seems to be a theme going on
I was searching houses under 550K in Middle Swan, nothing😊
Hey bro, I hear you it's tight atm, Just jumped on realestate.com.au found a few but they are all under offer apart from one that's a 2 bedder
The list isn't meant to be a panacea to finding the perfect property in an instant though, it should be used as a guide to better understand what areas to look into in more detail and build relationships in with agents.
If there's something you feel it's missing I do love getting feed back on what we can do to make it serve people better 🙂
happy investing mate 🙌🏼
Please leave WA houses for the local market.
Roger that
Unreal video man. Keep an eye on the beachside suburbs from Mandurah up to Rockingham
Thanks mate 😊 will do they’ve been killing it the past few years, what’s your thoughts on how long they have left?
@@pizzaandproperty1246 I think a few more years yet. Singleton and golden bay are cheaper entry points that should shine. Especially if the long awaited Karnup station ever gets built
This is how insane Perth Market is, that a 12 day old video is no longer keeping up with rate of in increases, Armadale in my opinion is still insane, ive seen the demographic change where people are buying to live.
Perth is a wonderful city I find it strange that people are now only buying there
Great episode here mate 😁
Thanks mate 🙂
Amazing episode
Thanks mate 🙌🏼
Good luck with armadale 😮.. next cycle maybe 🤔
You mean you've missed the boat for Armadale?
@@pizzaandproperty1246 I'd suggest so unless you're buying a cracking deal which is nigh on impossible in Perth, possible if patient 🥳🙏
@@jefmiles8296
What if i fomo buy today? 😄
Lol solid strategy 😂
Loved this video!!!
Glad you liked it!! Thanks mate 🙌🏼
What about Maddington?
This is where you're looking to buy?
@pizzaandproperty1246 yes i want to know how this area will perform in the next few years
ok easy can totally add it to our listeners choice list and see the IK team can do a public deep dive on it 🙂
That'd be appreciated @@pizzaandproperty1246
Dump crime hotspot
Bill Childs: "People try to sell you courses, data data data"
I just want you to know that I know who you're talking about. And I know that you know that I know :)
@Todd - excellent content as ever. One day, I will convince you to have a beer :)
haha that feel like a "I see you, watching me, watching you"
Maybe we could make a property investing version of that show drunk history 🤣 complex strategy explained after a whole bunch of vodka
@@pizzaandproperty1246
@jefmiles and I are in. You bring the pizza and we bring the booz. It's on 😄
@@pizzaandproperty1246
I'll wait by my inbox for the invite mate 😄
@@pizzaandproperty1246
Mate, dont make promised you cant keep :D
@jefmiles and i will be there with bells and whistles :D
Ive watched a few people now.
So butler, for Perth it’s a long way north. But I think it’s a good suburb to buy in. Middle swan is okay but it’s very close to midland and although I know people that live out there it really isn’t a great place to live. So I’d likely go middle swan before midland. Weistminster and BALGA just have a stigma. It’s never been a great area but I get it’s likely.a decent buy if you’re happy redoing your house every time a tenant moves out. I’d be more happy buying something a little pricier in places like Edgewater and woodvale and Greenwood. BALCATTA vs Weistminster is a reasonable upgrade in quality of tenant. Plus access to trains and freeway. Anyway good conversation.
Living in Perth myself and owning investments properties here some being on the suburbs you mentioned like Westminster & midland I tend to disagree with you ,just because a suburb has a stigma doesn’t mean the tenants will destroy your property in-fact the properties in those suburbs have been less of an headache then some of mine in better suburbs they always think they’re more “ entitled “ because they’re paying higher rent for a better suburb. It all depends on your property manager and selecting good tenants from the start and less on the location.
I have an investment property in Westminster .. have had 2 tenants since buying and they've both been great. 3x2 currently rented at 680.. had over 50 applicants for our last home open, some of the applications were solid. Was looking at Balga and Nollamara, Westminster is much better than both
@@blackdox3002I got a rental in Nollamara on Westminster border 18 years now I've had it since new. Cant wait to offload it in the next month or so. Been a long haul good to finally see a payday
No doubt there are good and bad tenants in all areas and agree screening properly helps.
Clearly my experiences are different to yours though albeit mine was maybe when there was a lot of state housing in those areas. But that’s fine. I’m glad it’s worked out better for you all.
@@adrian8818 plenty of growth to come in that area but can understand
Westminster and Midland the best choices in this list I think
They are both "Logan's". Balga/Westminster/Nollamara already at the top but pile in if you want to go underwater
2 investors I've interviewed on the show that $20m+ and $50m+ built a massive part of their portfolios in Logan when the rest of the country was telling them they were mad.
@@leonie563 clueless
Gains to be had going inland from Perth City. Wheatbelt towns.
Look at Busselton, I'm not invested there but it has increased a lot, even better than Perth!
Bringing the big names for the big pizza 🍕 party 😂🎉
Lots of fancy talk but the truth is the urban sprawl is unsustainable. The ONLY reason property is going up is because Australia’s
migration rate for inbounds is one of the HIGHEST. Yep we have no f* clue how to prop up the economy other then to pump a large an amount of people from India this time round. F* disgraceful.
Armadale will always be Armadale, would I ever live there, no, especially if you can spend similar money and be closer to the beach or the city. Look at the longer term trends over 20-30 years... proximity to the beach or city (or both!) will always win out over the long term.
We do really love the water as humans, could make an interesting ep comparing close to water (not espy) with further inland property over a 20-30 year time frame
The mines aren't booming
Yeah true not really booming, did I say they were in the ep?
None of those areas are under 550,000 for a house, and some of those areas have zero stock. I dont think these so called experts know what they are talking about.
You're right...they're not under 550k😂
Correct
Albany you can still buy inner city house big block water views under 800000.
Hard to find that anywhere else close to a capital city in Aus
Albany is in the bush, mite as well call it a different state
haha yeah I read that wrong... 🤨
Area 51 👽
That never made the list the US seems to have that fully leased for now
Lot of airport suburbs, hence why investors not as keen
How far away from the airport would you want to be?
You can tell that this guy (Simon?) hasn't lived in Perth. NO ONE in Perth considers places like Gin Gin, Beverly etc to be Perth. They are towns. Sure, closer to Perth than lots of WA but basically no one would commute to the city to work from those places.
As to places near Armadale they are considered shit for a reason. Not just crime directly (although that is a big thing there because only desperate people would choose to live there). If you went there in February you would understand. It is REALLY hot there. The costal places are much more liveable (the Fremantle doctor, ie the sea breeze).
The Irish accent woman (Dawn?) sounds like she knows a lot more about Perth than the Asian guy despite his Aussie accent felt like he was one of the Eastern States investors who don't get Perth. Likewise the host has a goldfish memory for Perth when he is saying the prices don't crash etc. Look at what happened less than 20 years ago in Perth....
The local to Perth guy talking about Midland also makes sense to me but I would never think of Preston Beach as Perth. One thing he didn't mention is Midland has good public transport (suburban rail line terminus, bus station at the train station, only suburban stop for trains through to Kalgoorlie, Northam etc).
For Westminster I wouldn't say all the suburbs near by all have good names (Balga? Are you serious for good name?) but on other levels I agree. It is a relatively small suburb which is why so few places and also perhaps why it is easily overlooked.
Boddington got thumped..🤐
Yeah I dont think many people will be buying there if they watch this ep. Do you think it deserved the thumping?
@@pizzaandproperty1246 I was considering a investment poperty there or Waroona 🤣Great show, thanks mate.
Sounds like this was pretty good timing 🙌🏼
Happy investing bro 🙂
No way you can get a house under 6.5 or even 700k
Yeah you 100% bro 😊
Brookdale😂😂😂 police roaming around everyday. crime rate is high!
Some of the wealthiest people I've interviewed on the show have made their money investing below the blue collar, it's not for everyone but it's best not to dismiss it
Let's pump Perth metro to Sydney postcodes in the $1m's....Then we shall all live in 🏕 .
City of Swan Midland
City of Wanneroo Butler
City of Stirling Westminster
City of Armadale Armadale
All of them are detonate suburbs or build to rent. Local knowledge is everything
Sounds like you've got the local lingo too mate! "Detonate suburbs" you mean they're about to boom again?
@@pizzaandproperty1246 no I live there and most suburbs are now being infill and buying the land to detonate the property currently sitting on it. Infill, residential everywhere. Even the the 1990s stock is fair game.