Guest 4YearItch Posted March 13, 2011 Report Share Posted March 13, 2011 Hi We're looking at buying a place near to the CBD in Perth and our budget is $600,000. With this, it looks as though we could buy in Victoria Park / East Victoria Park / Burswood. These areas are so much cheaper than the surrounding suburbs and looking at the houses they look lovely. I'm just wondering why they're so much cheaper! Does anyone know anything about these areas? Would you recommend them? Thanks Quote Link to comment Share on other sites More sharing options...
Jen_PFR Posted March 13, 2011 Report Share Posted March 13, 2011 Both Vic Park and East Vic Park are great locations - close to the city, the Swan River foreshore, etc. Historically they've been considered to be areas that have had a rough element, but this is rapidly changing. If we invested south of the river, we'd be buying in these areas, as they really are very well located and will only increase in value over time. As you said, some of the new houses are lovely, and when you look at comparably located areas (South Perth etc) you just can't beat the value. I'm not so familiar with Burswood as an area but suspect my comments above probably also apply - I think that VP/EVP are probably a bit further along the 'gentrification' spectrum however Quote Link to comment Share on other sites More sharing options...
StraighttothePoint Posted March 13, 2011 Report Share Posted March 13, 2011 Is that $600k including or excluding stamp duty? These two sites should give you some good information. Government of Western Australia - Home Buyers And Builders Untitled Document Quote Link to comment Share on other sites More sharing options...
StraighttothePoint Posted March 13, 2011 Report Share Posted March 13, 2011 The second link is to a stamp duty calculator. Quote Link to comment Share on other sites More sharing options...
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