Best Areas in Perth for Investment Under $700,000

At PRA Developments, we focus on building homes in areas with strong "fundamentals"- things like new trains, schools, and shopping centers. Here is our guide to where you should look for your next investment.

1. Top "Up and Coming" Suburbs for Capital Growth

If you want your property to grow in value over time, you need to look at growth corridors. These are areas where the government is spending money on infrastructure like METRONET.

• The Northern Corridor: Suburbs like Alkimos and Yanchep are seeing massive growth. The new rail extension makes these coastal spots much closer to the city for commuters.
• The Southern Corridor: Wellard and Baldivis remain very popular for families. They offer modern living and are close to major employment hubs like Kwinana.
• The Eastern Edge: Suburbs like Swan View and Brabham are benefiting from improved road links and new shopping precincts, making them great long-term bets.

2. Rental Returns: What to Expect Under $700k

Perth’s rental market is extremely tight, with vacancy rates sitting below 1%. This means landlords have more power to choose great tenants and achieve high returns.

• Average Yields: In suburbs under $700,000, it is common to see gross rental yields between 5% and 7%.
• Cash Flow Kings: Areas like Armadale and Gosnells often provide the highest yields in the city, making them perfect for investors who want their property to pay for itself from day one.
• Tenant Demand: Because there are so few homes available, investment properties in Perth often have dozens of applicants within hours of being listed.

3. Established Homes vs. Turnkey New Builds

One of the biggest decisions an investor makes is whether to buy an old house or a brand-new one.

• Established Homes: These often have more land, but they come with "hidden" costs like repairs, old wiring, and poor energy efficiency.
• Turnkey New Builds: At PRA Developments, we specialize in turnkey homes. This means the house is delivered fully finished—including landscaping, fencing, and appliances.
• The Benefit: There are no surprise costs after you buy. Because everything is new, you also get higher tax depreciation benefits and lower maintenance costs, which keeps more money in your pocket.

Why Now is the Right Time to Start Your Journey

Waiting for the market to "cool down" can be a mistake in Perth. With the population growing faster than new houses can be built, the demand for rentals is only going to increase.

You should consider starting your investment journey if:

• You want to benefit from the high rental demand while entry prices are still under $700k.
• You are looking for investment-ready properties that won't require constant repairs.
• You want to build a portfolio in a city with strong economic growth.

Why choose PRA Developments? We eliminate the stress of building. We carefully select suburbs based on growth data, and we offer transparent fixed pricing. What you see is what you pay, giving you the certainty you need to grow your wealth safely.

Perth Investment Snapshot: Under $700,000

Expert Quote: "The best investment isn't just a house; it's a property that fits the life of a tenant. When you build for durability and location, the returns follow naturally." Ali, Founder of PRA Developments