Three suburbs within the City of Armadale have been listed in the top 10 Perth suburbs investors should consider when purchasing an investment property.
Based on their average growth rental yield, a measure of how much cash a property produces each year, the suburbs of Armadale, Brookdale and Camillo are locations where investors should seriously consider investing in.
The current benchmark for the Perth metro region rental yield is currently 3.8 per cent based on an overall median rent of $360 per week and a median dwelling price of $488,000.
Mayor Henry Zelones OAM, JP said Armadale boasts a modern city centre set amongst beautiful parks, with undulating hills and picturesque valleys nearby which appeals to young families in particular, with 54 per cent of our population under 34 years of age.
“The City is a growing metropolitan regional centre and is the heart of a bustling urban community that offers a relaxed lifestyle with all the convenience of modern day living.
“As the real estate guru’s often say – it’s all to do with location.
“We’re located only 30 minutes south east of Perth CBD and the area is easily accessible via a network of major roads including Albany and Tonkin Highways and Kwinana Freeway.
“We have an average of 14 people moving into our City every day of the year, and an average of 31 new homes completed every week of the year.
“With the continued growth of residential developments in our suburbs, the Forrestdale Business Park (FBP) is continuing to attract new and established businesses, providing employment opportunities for our residents.
“We anticipate 15,000 new jobs to be created at FBP when build out is complete”, he said.
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