Bertram’s appeal is getting brighter by the minute
The southern Perth locality is poised to receive greater interest as the still-young suburb grows.
Only officially established as a locality in 1998, Bertram lies in the city of Kwinana – currently considered something of a well-kept secret when it comes to property investing – approximately 38 kilometres from the centre of the state capital.
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Rapidly appearing increasingly more established, the suburb is starting to grow into its potential, especially as it was recently named in the highly coveted Smart Property Investment FAST 50 ranking for 2024.
The report and ranking combined the insights of a 14-strong investment expert panel and recent housing performance drawn from open-source data to give unparalleled insight into the Australian suburbs that are set for future growth.
The panel found Bertram to be ripe for opportunity, with median home prices coming in at a comfortable $430,000. That’s good value compared to Perth’s median house price, which currently costs $850,000, while a unit in the greater city will generally set you back $420,000.
Yields for investors, meanwhile, sit in healthy territory at an average of 5.9 per cent. And while property in the locale has grown in value a substantial 10.9 per cent over the previous volatile 12 months, the average yearly growth still sits in positive territory at 1.6 per cent.
Buyers are finally wising up to the possibilities in the area, but with that has come increased competition. Throughout the course of June 2023, Bertram was one of the fastest selling suburbs in Perth, alongside investing hotspots Greenfields, Parmelia, Balga, Dudley Park, Port Kennedy, Cooloongup, Armadale, Carlisle and Leeming. Properties were veritably flying off the proverbial shelves, with listings in Bertram only hanging around an average of five days before being snapped up.
Continuing land releases are only expected to bolster the suburb in the coming years. The development of a small shopping centre has similarly served to attract residents to the suburb, which is serviced by the Mandurah train line in the north, with access to both the city and the coastal enclave.
A primary school and early childcare facilities in the area have proven particularly attractive to families looking to put down roots in a suburb that will grow along with them. A handful of parks with walking routes similarly draw in residents seeking green amenities.
In a broader view, the City of Kwinana is embedded within one of Western Australia’s key economic zones, meaning the state is actively invested in the development, planning and activation of the area.
Moreover, Perth was named one of the smartest areas for investment in the country, with Hotspotting ranking the city third in its list of best property “bright stars” nationally.
The report noted that “at a time when the market in our biggest capital cities have been struggling, Perth has continued to thrive. It is still delivering strong sales activity and price growth, and is the nation’s strongest property market.”
Perth is Australia’s second cheapest capital city for houses after Darwin, so it’s a great bet finding affordable areas with strong capital growth prospects.
