Decisions, decisions… sometimes having too many options to choose from can be a little overwhelming. With roughly 350 suburbs throughout the Perth metro area, how do you pick the right location for your next home or investment property?
Well, there’s a few things you can look out for. For starters, if everyone is raving about a certain hotspot, then you know it’s too late to get into that suburb. The key is to get in before the secret is out. Once the word starts to spread, so does demand, and up, up, up go property prices in the area.
A good sign that a suburb is destined for future glory is the level of investment from local, state and federal governments. Let’s take a look at Hammond Park in Perth’s south. Located in the City of Cockburn, Hammond Park is surrounded by all sorts of up and coming developments, including the new home for the Fremantle Dockers.
Set to be much more than just a training site for AFL players, the very impressive Cockburn Aquatic and Recreation Facility is set to be the largest of its kind in Australia. The State government has contributed $12.4 million toward the multimillion dollar project, which is currently under construction. It will include a series of outdoor and indoor pools, waterslides, recovery pools and a water playground. On top of all of its recreational offerings, it will also provide Curtin University sports science students integrated learning opportunities.
Also within close proximity is the $120 million Aubin Grove Train Station and Russell Road Upgrade Project, which will be up and running by 2017. As one of the State government’s most significant transport projects, the new station facilities will vastly improve the area and its capacity to handle the flourishing population in the surrounding suburbs. Boasting 2,000 car parks and 6 bus feeder services, it’s expected that 3,900 people will board Transperth facilities at the new train station each day and reach the Perth CBD in approximately 20 minutes.
Speaking of our city centre, another factor that should be carefully considered when purchasing a property is the accessibility of a particular suburb and its proximity to the CBD. While you may be able to find a relatively cheap deal in Perth’s outer areas, such as Alkimos in the northern suburbs, you’ll find these youthful suburbs are lacking key amenities. More importantly, there is an oversupply of land in these areas that limits the potential for capital growth.
There are opportunities to find affordable homes in well-established areas that are already surrounded by all the necessary infrastructure for the convenience of modern life. As some of these older suburbs have limited land remaining for new developments, demand for new homes in these areas in much higher, so the potential for upside is also greater.
Hammond Park is yet again an excellent example of this as a suburb that is well connected to the rest of the Perth area and filled with high quality facilities. The suburb is right around the corner from the Kwinana Freeway and only a 25 minute drive from the city. In terms of amenities, it enjoys everything a retail therapist could desire, with the Cockburn Gateway Shopping City and Harvest Lakes Shopping Centre offering nearly two hundred shops between them. When it comes to education facilities, there’s a raft of schooling options, including the newly built Hammond Park Primary School and the upcoming Hammond Park Secondary School that will be able to take on 1450 students by 2020. Plus, with the Cockburn Integrate Health Centre and its GP Super Clinic as well as the nearby Fiona Stanley Hospital, Hammond Park really does have all bases covered.
If Hammond Park sounds like the right fit for your next home or investment property, then why not check out Nicheliving Hammond Park? With new home and land starting from $339,000, you’ll be hard pressed to find a better value offer in the area.
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