WA East Cannington, Queens Park, Beckenham-experiences...

Discussion in 'Where to Buy' started by toastnvegemite, 13th Apr, 2020.

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  1. toastnvegemite

    toastnvegemite Member

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    Hello

    Myself and my partner are looking to buy a property in Perth and have a budget of up to $500k (ideally looking to spend around 450k). We are considering East Cannington, Queens Park and Beckenham due to proximity to train stations, affordability/value for money and amenities (with Carousel shopping centre close by and East Vic Park for cafes/restaurants) and close to my work in Bentley Hospital.

    Am currently living in East Cannington and have felt safe in the area , liking the family vibe, with lots of Indian families wondering around , despite the occasional unsavoury characters and one occasion of my partners car being broken into. We have also been walking round the suburbs at different times of the day as part of our research and not seen anything untoward and also looked at crime rates online but would like to hear others opinions.

    Just wondering what others experiences of living in these suburbs are? Are there any streets /areas which have a particular reputation for being more dodgy?

    Thanks!
     
  2. Damo93

    Damo93 Well-Known Member

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    I assume you are purchasing a PPOR.
    Highly recommend you rent in the area for 6-12 months and go for regular walks and visit the local shops and talk to your neighbors (when this Coronavirus thing passes)
    There’s nothing like your own personal experience.
    No one can tell you whether you will like an area or particular street because simply put we all have different perspectives.
     
  3. thatbum

    thatbum Well-Known Member

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    Do you actually catch the train to work? Is proximity to a train station really that much of a positive on that line?
     
  4. JohnPropChat

    JohnPropChat Well-Known Member

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    Those burbs are OK. How about looking at something closer to the city? Beckenham is blah.

    Don't make property purchase decisions based on where you work, it's quite likely you'll change your place of work a few times before you retire.

    Buy something central with lots of amenities and has good growth drivers.

    In that price range, Belmont is an option. Stretch a bit more and can buy into Vic Park with awesome growth potential.
     
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  5. toastnvegemite

    toastnvegemite Member

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    Thanks for that! Yes thats what we are doing, i am renting and we go for regular walks. I like the area but have noticed many people turn their noses up when i mention that is where we are looking!
     
  6. toastnvegemite

    toastnvegemite Member

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    When you say Beckenham is 'blah'-in what way? We thought about Vic park and have looked but on our budget would be only be able to afford something small. By spending less on a house i plan to use the extra saved to invest in shares . Interestingly i do have an investment property in east vic park also.
     
  7. toastnvegemite

    toastnvegemite Member

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    We tend to go into the city fairly often to socialise, go for drinks etc and if my job were to changed would most likely be in the city!
     
  8. thatbum

    thatbum Well-Known Member

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    You haven't mentioned what size of property you want/need. That might affect what other possible areas might fit in your budget.

    Personally I wouldn't live in that area, but its not like I'm a local there either.
     
  9. toastnvegemite

    toastnvegemite Member

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    We are looking for around 400 sq metre, 4 x2 built in past 10 years, modern. The other area we wee considering was east vic park but based on what we have seen, would not get a property of the quality and size we are after.
     
  10. thatbum

    thatbum Well-Known Member

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    I see. Personally I'd pick up something secondhand in Treeby with that criteria. But I mean its a PPOR, so its mostly personal taste.
     
  11. JohnPropChat

    JohnPropChat Well-Known Member

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    Other than "proximity" to Westfield Carousel there is not much else going for Beckenham, not to mention higher investor activity. South of Roe Hwy, Kenwick has large amounts of land supply.

    Given your constraints of a 4x2 on 400m2 for sub-$450k, your choices are a bit limited. I would suggest something a bit radical. Spend even less and move further out to Thornlie/Huntingdale. Can pick up a good sized 4x2 family home on 600m2 to 700m2 for less than $400k or sub-$350k for something that needs a bit of work, some have zoning options for future sub-division as well. Yields will be closer to 6% if you ever want to turn it into an IP. Get an 88% (or 90% if eligible for a waiver) LVR loan and invest the rest in stocks.

    Don't let perceived "stigma" affect your decision for long term purchases. Buy a PPOR as if you are buying an IP and throw in a bit of "PPOR" bonus to spend a bit more to keep the better half happy.

    There are options North of the River but for the same price, you'll have to move much further out from the city. Good luck with your hunt.
     
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  12. steve _s

    steve _s Member

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    I would choose Beckenham over Belmont, Huntingdale or Thornlie. However East Cannington side of Beckenham would be my preference. You can pick up some excellent value properties, close to the train, a good shopping centre and a good sports complex / playground for the kids. Blah is a term I would use for Belmont. It can be a dodgy area depending on where you choose. Everyone has biases but I would choose based on experience. If the place feels safe and has everything you need as a home then why not, wherever it may be.