16/09/2009 - 11:51

Perth's investment hotspots named

16/09/2009 - 11:51

Bookmark

Save articles for future reference.

A national report identifying the suburbs that currently represent the best value in Australia has highlighted two previously overlooked Perth suburbs as WA's best buys.

Perth's investment hotspots named

A national report identifying the suburbs that currently represent the best value in Australia has highlighted two previously overlooked Perth suburbs as WA's best buys.

St George bank's 'National Hotspots' report named Bassendean as a standout suburb among the top 24 hotspots around the nation and Thornlie also topped WA's list with median house prices currently at $365,000.

The report set out to highlight the best investment opportunities for homeowners and property investors and suburbs were chosen based on their location attributes, value of housing, level of amenities and demographic mix.

The report suggests investors in Bassendean can achieve an 8.9 per cent discount on their property investment, with average house prices in the suburb currently at $445,000.

Investors in Thornlie could reportedly see a 5.4 per cent saving on intial listed property prices in the suburb.

StGeorge Bank's Chief Economist, Besa Deda said the Australian property market has proved resilient compared with the share market during the economic slowdown and over the last ten years.

"Over the 12 months to June, all mainland Australian capital city median dwelling values have risen."

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

Subscription Options