Best Perth Locations for Property Development

The location of a Perth development is critical to maximising returns, so you need to make sure the suburb is the right fit for your plans.

That means analysing the area’s aesthetics, amenities, new infrastructure spend, and growth pattern. It also means ensuring that the R-Codes in the area you’re looking at match your plans, as these will dictate the type of development you can undertake.

A reliable guide is to take note of where highly successful developers are investing in (or planning on investing in), as they have the resources to perform strong research. If your own analysis shows this area suits your development, then get in early, as price rises can often be expected at the completion of these new developments.
To help you select the location that’s right for you, we’ve compiled a list of 5 of the best locations for property development (Perth). These suburbs have been recommended by property experts as great investment opportunities in 2016.

Kewdale

Location: 8km southeast of Perth CBD in the City Of Belmont.
Why invest there?
Kewdale’s close proximity to the airport makes it desirable for FIFO workers. And while often thought of as an industrial area, Leach Highway actually splits Kewdale in two, hiding its commercial side away from an exceptionally well planned residential suburb, with quiet streets, wide verges, and generous block sizes (400-700sqm).
Some experts say investors have been returning to Kewdale strongly in recent months, capitalising on this unique location by building duplex, triplex and multi-unit developments.

Midland

Location: 16km east of the Perth CBD in the City of Swan.
Why invest there?
Located near the Darling Scarp and Swan Valley, with a train station terminus servicing the Perth CBD, Midland is a desirable area for those looking to the outer boundaries of Perth to pick up lower priced land. With a new hospital recently opened and a new Curtin University in the pipeline, an expected rise in demand for rentals (to house a predicted influx of workers and students) presents a great property investment opportunity.

Forrestfield

Location: Less than 25km southeast of the Perth CBD in the Shire of Kalamunda.
Why invest there?
Forrestfield’s proximity to Perth International Airport has made it a popular choice for FIFO workers. And with plans for a $2 billion Forrestfield-Airport rail link in the pipeline, it is expected more city workers will soon buy up in the area too, turning Forrestfield into a potential development hotspot. In fact, 250 hectares have been flagged for high-density residential and commercial projects in the land surrounding the proposed Forrestfield terminus.

Clarkson

Location: 34km north of the Perth CBD in the City of Wanneroo.
Why invest there?
Located on the Joondalup railway line with a vast amount of amenities and facilities, Clarkson is becoming a critical service point in Perth’s ever-expanding northern corridor. Apartment developers are currently targeting the central business area around the train station, which is expected to boost surrounding property values in Clarkson.


Wandi

Location: 27km south of the Perth CBD in the City of Kwinana.
Why invest there?
Wandi is one of the latest of Perth’s outer suburbs being targeted for development. Set in quiet, natural bushland, serviced by good amenities, just 20 minutes to the CBD, and 15 minutes to the ocean, it’s easy to see why this suburb is hot property, especially for investors targeting first home buyers.


Summit Projects – experts in property development (Perth)

Now you know which suburb to look for land in, make your investment a “Summit Development”. As the specialists in Perth development, including strata developments (Perth), they’re the land developers Perth trusts.

Ask about Summit’s property development calculator today to work out the viability of your strata development (Perth).

Disclaimer: The information within this article is general information only and it does not constitute advice or recommendation. It does not take into account your financial situation, investment objectives or personal circumstances. Before making a decision about developing your property, you should seek independent financial, legal and taxation advice.

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