Western Australia (Perth) - Apr 2024

nvestor Purchase - Western Australia (Perth)

With the Perth market having gone through significant growth over the last few years we see more value in the properties which have either value add or subdivision potential.

Here's the breakdown of a recent purchase in Western Australia for an investor who who was looking for healthy rental yields, capital growth and future development potential.

The property was purchased at $630,000 on a massive 919m2 block of land.

Here are the options that the investor has with this property purchase:

👉Retain existing house subdivide and build at the back

👉Knock down existing house and build 3 brand new houses (favorable zoning)

👉 Subdivide and sell off the land at the back and use that to pay down existing debt on the property

The property was also purchased in one of the rapidly growing areas in Perth which had :

👉 Tight Vacancy rates

👉 Rapid population growth

👉 Future infrastructure investment