Perth Property Insider Ep. 23: Understanding 2 Key Capital Growth Drivers

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How well is your suburb of choice going to perform?

When it comes to choosing the right suburb, there are a lot of factors you should be looking into. But after doing my extensive research on the best performing suburbs in Perth, I’ve learned something very interesting. 

I’ve found that there are 2 key growth drivers that are major contributors to a suburb’s performance. In today’s show, I’m going to unpack the effects of these growth drivers on pricing and capital growth rates over the last 30 years.

So before making your suburb selection, jump into this episode to get the insights I’ve gained from my research.

Episode Highlights:

  1. Factors that affect prices and capital growth rate [01:01]
  2. The 1st growth driver: Living beachside [02:44]
    • Having a marina and being closer to the ocean means higher prices [04:57]
    • Price gains happen in anticipation of something [06:49]
    • Rivers, lakes, & schools add appeal to the Western suburbs [08:29]
    • Expect 1-1.5% higher in capital growth gains [09:26]
    • Comparing the suburb and beachfront, beachside properties [11:18]
  3. The 2nd growth driver: Schools [16:45]
    • The top private schools are in high priced areas [18:14]
    • 1% increase in 30-year annual growth rates for suburbs with a top 20 school [20:40]
    • 60-70% price increase for houses near the top 3 schools [22:47]
    • Comparing prices and capital growth rate among suburbs [24:09]
  4. Is it worth it to buy a more quality property? [27:11]

 

About Our Host:

Jarrad Mahon is the go-to guy in property management and investment in Perth, giving you his insider view on the Perth market and the strategies needed for you to grow your wealth and improve your life. All you need to do is to stay tuned!

 

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

 

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