In its Top 100 Suburbs report ” the annual guide to the best areas to invest ” more than 15,000 suburbs across Australia were examined to come up with the best investment prospects.
Each suburb was rated on its likelihood of strong capital growth in the short term, as well as its sustainable long-term investment potential.
Managing editor of Your Investment Property Nila Sweeney said the report named Midland as the WA standout because of its long-term investment potential.
‘Midland’s ongoing redevelopment and location are key drawcards for FIFO workers and will lead it to outperform the market,’ the report states.
Brookwood Realty Midland principal Ross Webster said the Midland hub, with its affordability and lifestyle, was an ideal location for mining employees who work as FIFO labour.
‘Close to the airport, the Swan Valley, shopping centres and the newly constructed Midland St John of God’s Hospital and the potential university will mean more growth,’ he said.
Areas such as Guildford, Middle Swan, Midvale, Midland and Woodbridge have experienced price appreciation of more than 11 per cent in the past year.
‘There have been a lot of interstate buyers and investors in the market and for FIFO workers apartment living is ideal,’ he said.
‘The short cab ride to the airport means it’s affordable and popular.’
Mr Webster said the number of days it took to sell a Midland property had almost halved in the past year.
‘It is down 14 to 15 days on what it took to sell a property the same time last year,’ he said.