With so many suburbs to choose from in Perth, it can be hard to know how to find a great area that ticks all the boxes - but there's one suburb that should be catching investors' attention.
With so many suburbs to choose from in Perth, it can be hard to know how to find a great area that ticks all the boxes - but there's one suburb that should be catching investors' attention.
Victoria Park is a central suburb undergoing a huge amount of regeneration, making it an ideal choice for young professionals looking for their first foothold on the property ladder. It also makes it a landlord’s paradise as many young professionals will choose to rent in an area to get a feel for it before buying, so having an investment property in Victoria Park is extremely desirable with excellent rental yields likely.
One of the first things to notice about Victoria Park is its proximity to Perth’s CBD. It’s literally across the Swan River from the CBD –you couldn’t get much closer if you tried. With the Victoria Park train station and bus station both providing fast and easy access to the city, it’s obvious to see why so many young professionals and students choose to base themselves in the area. And with the new Elizabeth Quay development well underway in the city, there will be even more things to do and places to go right on your doorstep.
For those who love watersports and being close to the water, part of Victoria Park has frontage which directly overlooks the Swan River. Most streets are within walking distance of the river itself, making it a great option for those wanting an outdoor lifestyle –there are a number of quaint parks and footpaths in the area perfect for those early morning runs or late afternoon walks. Being just across the water from Heirisson Island as well, a short stroll on a Sunday morning takes you to a beautiful island inhabited by wild kangaroos – how many cities in the world can boast that?
The famous Crown Perth is just a hop away from Victoria Park, and with renowned restaurants like Nobu, Rockpool and Bistro Guillaume, a number of trendy bars, the casino and a whole host of entertainment options, there is enough to keep you busy here for quite some time! And with quirky cafes like Antz Inya Pants and boutique new clothing stores like Aristotle Threads, Victoria Park is certainly putting itself on the map for young professionals looking to fly the nest.
If you are searching for an investment property that has charm and character, many houses in the area were built in the Victorian and Edwardian styles and have been well maintained over the years. There is also a fabulous range of apartments, townhouses and units, so no matter what your budget or requirements, you are sure to find a property that will suit your needs in Victoria Park.
Cindy Knight
Cindy Knight is the general manager of Time Conti Sheffield in Victoria Park. Cindy has been working at Time Conti Sheffield since 2002 and during this time has seen many changes in the property management industry in Perth.
Cindy is passionate about delivering the best service to every property investor that walks through the doors of Time Conti Sheffield and her insider knowledge of the local real estate market means she is an expert in her field.
