Perth's top five property hotspots revealed by Hotspotting.com.au
PERTH’S northern suburbs have dominated a list of property hotspots tipped to see a boost in house prices.
Property website hotspotting.com.au has named City of Stirling suburbs Doubleview, Gwelup and Stirling, in its top five “best buys” for 2018.
They were joined by Melville and Bicton in Perth’s south.
Hotspotting manager Terry Ryder said the suburbs were singled out because of their strong local economies, growing population, job prospects and new infrastructure.
Mr Ryder has spruiked WA to Eastern States investors, who had previously relied on Sydney and Melbourne to make a buck.
“Right now as we observe the wind down of the markets in Sydney and Melbourne, Perth is one of those markets where property investors can turn to for not only affordable buying but prospects of growth moving forward,” he said.
“While Sydney and Melbourne have been booming, Perth has been going backwards...But there are very strong signs now of recovery.”
Mr Ryder said signs of a recovering Perth property market were already appearing in the city’s “millionaire suburbs”.
“Upcycles in major cities usually start in the top end suburbs, the millionaire suburbs, so the fact that we’ve seen uplift in those top-end suburbs in Perth is another indicator alongside others that the Perth market is on the comeback trail,” he said.