Ask any property investor worth their stock and they’ll tell you the first factor you need to consider before you buy: location, location, location. And namely, its potential for growth (a.k.a., the return on your investment).
Combining the high-octane summer glamour of Sydney with the impossible coolness of Melbourne’s thriving inner-city cultural scene, Western Australia’s burgeoning capital city, Perth, is the location on every investor’s lips right now.
If you are one of the smart investors looking west, your timing couldn’t be better. With massive growth expected across the state and galloping replacement building costs, locking in your Perth price today will produce instant gains – before you even reach settlement.
While Sydney and Melbourne’s sky-high property prices make buying with the intent of making a profit something of a pipedream, perfect timing matched with the perfect location has made purchasing in The Groves one of the best opportunities Australia has seen in years. If you move fast, that is. Here’s why.
Less risk, more reward
Perth offers the most affordable property prices of all the major Australian cities, making it the perfect place to position yourself for positive cash flow.
With unemployment rates the lowest in Australia, interest rates at historic lows and rental vacancies at 0.4%, the Western Australian economy is increasingly strong. Thanks to a breadth of resources including its famed mining, agricultural and wine sectors, it’s the country’s most productive state – often referred to as the ‘engine room’ of the Australian economy.
It’s this stability that makes your investment in The Groves sound, strong and unbelievably smart.
Unlike its east coast cousins, the state has been largely untouched by the devastating effects of covid-19. Which brings us to our next point…
Move over Melbourne
Perth is now the world’s fifth most liveable city, coming in by just 0.7 of a point behind Adelaide to make it Australia’s second most liveable city, according to the latest Liveability Index 2021.
A global pandemic, border closures and unprecedented uncertainty weren’t enough to derail Perth from its path to economic success.
With residents largely free to return to the office, go out to dinner, attend the football (even selling out a once-in-a-lifetime AFL Grand Final) and move around the state in droves, life in Perth is nothing short of extraordinary.
The city’s economic boom is showing signs of a rapid escalation too, with lucky Sandgropers desperate to claim a piece of their state buying and building in the thousands.
Not to say you need to live here to reap the rewards
If an unrivalled length of coastline and a position as the world’s sunniest capital city can’t tempt you, you don’t need to live in your slice of real estate heaven yourself to reap its rewards.
Let’s explore the concept of ‘rentvesting’ – whereby you invest in a piece of property at an affordable price with the intention of renting it out for a cash flow positive return.
It’s a near fool-proof investment; according to Domain’s latest report, Perth remains Australia’s most affordable capital city to purchase in while, for the first time on record, its gross rental yields are the nation’s highest.
With WA’s covid-enforced border officially opening on March 3 after being closed for almost two years, most economists and commentators predict that the state’s property market is set for another boom. With prices set to soar, being a smart investor means being a fast investor.
Attadale is the standout location
A hidden undervalued gem, Attadale is our Perth pick for investors. One of the city’s most affluent neighbourhoods, its breathtaking river views, canopies of leafy Jacarandas, thriving bar and restaurant scene and proximity to the Perth CBD inspire comparisons to Sydney’s famed Double Bay and Melbourne’s Toorak – minus the price tags.
Over the past year, the suburb has seen a staggering 19.8% increase on median house prices, compared to the 7.6% seen across the rest of the Perth Metro region (REIWA).
Premium riverside apartments at a timely, low price
The Groves in Attadale is the latest project from SKS Group, and for a limited time only you can secure a brilliant 5% p.a. rent return – making it an unbelievable opportunity to secure a cash flow positive investment.
Each stunning, architecturally designed apartment features first rate specifications including:
- Induction cooktops
- Engineered stone benchtops
- Glass splash backs
- Air conditioning to all bedrooms, living and dining areas
- Mirrored wardrobes
- Energy efficient lighting throughout
- Secured covered carpark with 24-hour camera surveillance
- 24-hour camera surveillance at the Ground Floor entrance and lobby doors
On top of that, by investing in an apartment you’ll also enjoy:
- Access to one of Perth’s most exclusive areas at a not-to-be-repeated low price point
- Long-term investment benefits thanks to lock-and-leave potential
- Massive tax and deduction benefits
- The highest yielding potential and tax benefits because as a brand new apartment, you can tax deduct the majority of your investment
With construction well underway and completion in sight by the end of 2022, it’s time to invest smart and invest swiftly before Perth’s property boom and rising building prices impact the potential of your return. Secure today and lock in your windfall gains now.
Find out more about investment at The Groves and request a cash flow analysis report here, and if you are a smart investor, get in touch with our team to enquire about the prime opportunities on offer now.