WA Post a Bargain - Perth 2020

Both suburbs are on a par but Gosnells has more amenities and the council is located there as well and plenty of shops , the Albany highway does basically run through Gosnells and I believe the town centre is going to be upgraded by the end of the this year

 

I dont know the area very well but figures have appeared to add up occasionally. I would think you would need to know the area well to buy an IP there. @JohnPropChat knows the area better than I do.

 

the prices are a lot closer these days, but also depends on the block size and location. some people who live in Kensington will say it's better.

 

Of course they would.......

 

Middle ring suburb - same as Gosnells
Large OO population - Gosnells has way too much investor activity
Largely family home stock unlike Gosnells style villa developments and it's large amounts of land supply
Yields are better
Low vacancy rates
Borders Southern River, Canning Vale and Thornlie without the price premium.

It is next to Gosnells but separated by the river and greens along the border.

I helped a friend buy there and he is doing quite well. Overall, a good option for suburbs over there.

 

https://www.realestate.com.au/property-house-wa-mount+pleasant-134741686
I wouldn't call this a bargain as it seems about par for land value. It could be said the building is cheap but may just reflect the somewhat odd design, fact it is a 2x1, survey strata and next to R40 commercial property and currently only renting for $360! Be interested in what others think about the value of this property.

 

You will have a very busy neigbhour as it was a commercial establishment. No subdivision or redevelopment potential. It is also the lowest point of the road. The only good thing is it's close to the shop but I thought the supermarket in the apartment block is closed. The japanese food restaurant was reasonable though.

I would think this is better: https://www.realestate.com.au/sold/property-house-wa-mount+pleasant-133896134

 

no comment on location, pricing or viability of doing a renovation but if you removed all the mess thats a pretty straight forward job
outside is good, roof looks good, internal walls look good

 

Probably an ex drug house and requires an illicit drug residue remediation.

 

Thank you for your comment.

Could knock it down and rebuild a bigger place?

Reynolds Road is very, very busy!

 

It is a busy street but its 50 km/hr and significantly cheaper than quieter streets in the area. If one could only afford sub 800k for a decent block in Mt Pleasant, this is pretty much the only option.
CoM are also looking at road calming measures in the area. They have installed speed bumps on Bateman Rd recently and are looking at Karoonda Rd too.
To Demo/build is a good option for PPOR but as an IP there are much better options out there imho.

 

Reynolds is busy but not as bad as Riesley, which is Booragoon/Ardross and asking for similar prices. Reynolds is Mount Pleasant. If a half-block at around high-600k to 700ish, then it is the quality of the stock or land component. You have Mount Pleasant Primary and Applecross SHS, so you are pretty much fixed doesn't matter you have boys or girls in the family. Good IP consideration if targeting families. With direct buses to CBD and Fremantle, Canning Bridge station to north and south via railways, plus Perth10k. If you are betting on re-zoning, then Reynolds is not a bad bet although God knows when.

 

Any suburbs in Perth10k that should be avoided like the plague? Or all pretty safe for a long term investment?

 

Suburbs, no. Properties or types of properties within those suburbs, definitely.

 

https://www.watoday.com.au/national...e-cheapest-land-revealed-20201109-p56cwv.html

I think they stuffed up Mount Pleasant because the median price is closer to double what they're suggesting.
Most are okay in this list but I would stay away from the likes of Cloverdale or Belmont as they're under flight paths and focus on particular properties on certain streets in other suburbs. Some are safer or have better amenities than others etc.

 

I'm curious as to the merits of buying a place like this in Mt Pleasant when you could pay a little extra and get something with more land in perhaps what most would also consider a better suburb?
For example: https://www.realestate.com.au/sold/property-house-wa-floreat-131587034
Not a quiet street either, but neither is the other property.

 

Reckon that slipped through the bargain net of this thread? Its quaint. Plus the land...Im a fan.

 

That is a bargain, just a higher price point but much more land which is very enviable in that area in particular.

 

I love the way Ashfield is never considered a suburb!

 

There are a few missing off the list for #Perth10k