A Golden Opportunity in WA

Within walking distance of the beach and 43 minutes by car to Perth’s CBD, this 3-bedroom house and land package in Golden Bay is an ideal and affordable opportunity to get into the Perth property market at just the right moment in the property cycle. 

Golden Bay is a new master-planned community on the Indian Ocean coast between Perth and Mandurah. It has many of the attributes that make a good investment. These include schools and shops in walking distance, eight landscaped parks and, of course, the beach.  Suburban hubs Mandurah and Rockingham are 16 minutes and 18 minutes away respectively. Buses also service the nearby railway stations at Warnbro and Mandurah. 

With the beach and all the parks, there’s no need for a high-maintenance large block. This 315m² block will suit investors and tenants alike, with enough space for the barbecue and young kids to safely play, but not so much that weekends need to be devoted to its upkeep. 

Designed and built by Prime Projects who specialise in building for investors, the 3-bedroom house features a master bedroom with ensuite and walk-in wardrobe. The other two rooms are good sizes. In addition to an open-plan living, dining and kitchen area fitted with modern European appliances, there’s also a media room. Many of the rental properties in the area are old holiday homes and the newness and modern design of this property is a definite market advantage. 

New homes also have the tax advantage of a stronger depreciation schedule. The home also has a six star energy rating and comes with a six-year structural warranty, which is transferrable. 

The turnkey price for the property is $396,000.  Rental returns are estimated between  $300-$330 per week, a yield between 3.9% and 4.3%.  The population of Golden Bay has grown 50% in the last five years and is projected to grow another 44% by 2021.  Owner-occupiers account for 72% of the suburb, which helps facilitate a stable family friendly community that will encourage long-term tenancies. 

The Perth market is about to rebound from a low point in the pricing cycle (see below). This property is well-located and is an affordable opportunity with excellent potential for hassle-free long-term capital growth.