Are you getting ready to buy your first home or add to your investment portfolio, but aren’t quite sure where to buy? Look no further than Perth’s northern suburbs. It’s the perfect time to invest in suburbs just north of Perth city; areas like Wembley, Karrinyup, Osborne Park and North Perth are all tipped to be ideal spots to invest this year. So, what’s so great about the northern suburbs – and why should you consider them as you search for a new property?
It’s a buyer’s market
With record low interest rates that aren’t set to change any time soon and a stable economy that may be heading towards its next boom, Western Australia is officially a buyer’s markets. Property prices are affordable and attainable, unlike other Australian states that have started to price the average buyer out of the market. And when it comes to Perth’s northern suburbs, the market is ideal; up and coming, with lots of new developments on the way and prices that are still affordable.
Developments, developments, developments
Whether it’s housing developments or entire suburb redevelopments, the northern suburbs are in the midst of a significant impressive revamp. The Scarborough beachside redevelopment will drive value up in its surrounding northern suburbs, and City Beach is already attracting new visitors with recently opened restaurants and a shakeup. For those searching for an apartment or unit, each of the major northern suburbs has new developments on the way, from Osborne Park to North Perth – and Wembley is tipped to be one of the best spots to invest in a unit. As these developments are on the way, it’s the perfect time to strike while the iron’s hot – and before property prices reflect the big changes!
Business hubs and city proximity
It’s not just new restaurants and properties that are popping up across the Northern suburbs; new business precincts and opportunities are on the way as well. Innaloo is facing a redevelopment push, with the suburb tapped to become a smaller version of the CBD and major business hub. Over in Joondalup, the huge Joondalup Shopping Centre is driving more people north to take advantage of retail opportunities that can’t be found elsewhere. And, for those who already work in the city, public transport and travel times are better than ever before when it comes to the short commute from the northern suburbs to the CBD.
If you’re searching for the ideal location to take advantage of lifestyle, location and affordable properties that will provide an incredible return in the long-run, the northern suburbs will impress. Whether you’re searching for houses for sale in Karrinyup or units for sale in Wembley, ACTON North can help you find the perfect location for your new home and investment – and take advantage of the buyer’s market.