Q: Is the Perth suburb of Ashfield a good investment location?
A: This depends on your strategy and time frame you have to make money.
It is a very small suburb and there are very few properties on the market for rent or sale, which is keeping upward pressure on prices. To give you an idea there have only been 13 houses sell this whole year. The median house price is currently at $555,000, which is just above the Perth median house price of $515,000. There is a good quality of housing and tenants in the area. Located in the city of Bayswater, which is fairly pro-development, there are opportunities to subdivide land in the area which will also so the property continue to be renewed. So close to Perth and the Domestic airport, I think Ashfield has good value buying and would make for a good suburb to invest.
Jarrad Mahon, director, Investors Edge