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The Times Real Estate

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It’s no secret that house-flipping can be an incredible investment opportunity, especially if you do it well. But are there any hotspots left in Perth offering affordable, renovation-worthy homes?

In a soaring real estate market, it’s not easy to find low-cost properties, but the good news is that there are still some gems if you know where to look for them. By choosing the right suburbs, you can buy cheaply and turn a small investment into a big return. 

So where should you look? 

Get into Gosnells

For first-time house flippers, Gosnells is a great place to start your search. Located close to the hills in Perth’s east, the area is home to a diverse population with good public transport and amenities, including local shopping centres. 

That’s not to mention the suburb’s abundance of parks and reserves, alongside regular family events and sports clubs, all just 17 kilometres out of the Perth CBD and close to the amenities of Armadale. 

In Gosnells, you’ll find a good range of affordable entry-level houses, with many homes offering strong character features. Often, properties in the Gosnells region need a little extra TLC, which can make it easy to score a bargain. Just be mindful of which pockets are safest and look for homes where you know you can boost value.

Renovate in Rockingham

A little further from the city, Rockingham is an excellent spot for would-be renovators, offering a true sea change experience. With easy access to some of Perth’s best parks and beaches, the area offers great public amenities and family-friendly activities, plus an accessible train line. 

Rockingham provides a little bit of everything, with a range of sports and entertainment offerings, alongside shopping centres and even local festivals. There are a number of pockets to choose from, each with their own unique appeal.

Located further from the CBD, Rockingham properties are often an affordable option, with many homes offering decent land and proximity to seaside living. Do your homework, though. Make sure your renovation ability can handle extra challenges, like asbestos removal and salt-air weatherproofing. 

Buy in Bentley

Bentley is an investor’s dream, if you can spare a little extra start-up cash. New redevelopment projects are seeking to improve housing access in the area, which is just 10 kilometres from Perth CBD. And don’t forget easy access to Curtin University, one of WA’s leading educational hubs.

In Bentley, you’ll have access to everything you need in terms of public amenities, with good transport infrastructure and community facilities. The population is diverse, meaning that there’s something on offer for everyone in the area. 

One of the key benefits of renovating in Bentley is the market appeal. The area’s large student population makes it easy to build value, with housing popularity you can count on. For the best results, choose a well-situated property where you know you can make a big, quick difference.

The Key to Successful Flipping

The key to a successful renovation? Avoid overcapitalising. Don’t turn a family home into a luxury penthouse. Instead, think about what buyers will want from a home in your chosen area.

Aim for houses with good bones, including kitchens and bathrooms that are mostly up to scratch. This will save you big costs for your renovation. Often, painting and landscaping are the quickest, easiest, and most affordable pathways for increasing property value with low overheads.

Keen to explore the next steps for your latest reno project? Contact the best house painters Perth has to offer at AJ Cochrane & Sons and find out the cost to repaint a house in Perth – with professional support designed to help you flip property easily.

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