WA Thoughts on Parkwood/Lynwood/Willetton?

Yep, sounds just like a conversation I was having with @Angad Singh this week. Looks like I'm outnumbered!

 

The flipside of course is when you are open to every area that is a lot of suburbs to keep an eye on.
You can bring it down to known areas that do support the budget - no point looking in Dalkeith for you.

 

Be careful buying south of the river. The water tastes funny and the people are different to the northerners.

And Perth is actually north of the river.

 

Better Singaporean food and less brawling brummies and mancs than Oop north though

 

Ok you are starting a war now.

What is the best Singaporean restaurant in Perth?

 

Ferndale is amazing. 12km from CBD; on the river and its hectares of parkland and bush; 1 km from a major shopping centre. I'm surprised that its all still zoned R20.

 

i went for a drive around these areas today (rained off ) i felt like in parts of lynwood there was a lot happening, a fair few new builds and subdivisions going on. lots of homes under offer. lots of renos happening too.

 

while I'm here, whats the deal with langford.... is it DOH?? some parts are very run down, and some not very nice people hanging about

 

Langford has a moderate amount of DoH, but not as much as people and the prices would suggest. I think its slightly undervalued compared to surrounding suburbs and there is the potential to pick up some purchases with decent growth prospects if you buy well at the right price.

Somewhat biased here because I do own an IP in Langford of course.

Yields and prices rose substantially in the last mini perth boom and now have fallen back completely from those highs.

 

@thatbum
i went and drove past these two properties, obviously as a flip or renovate and rent/future subdivisions, thats the area that seemed quite rundown. not many houses looked nice, or well kept

5 Hayden Way Langford WA 6147 - House for Sale #127694070 - realestate.com.au
21 Ranmere Way Langford WA 6147 - House for Sale #123322054 - realestate.com.au

 

Yeah those subdivisable corner ones I'd say the correct strategy would be to bulldoze and subdivide the land - so a bit different from the usual 3x1s on big blocks.