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Where would you invest to double your deposit in 12 months?
For buyers who aren’t afraid to do their due diligence and invest in a proposed rezoning area, you will find potential to double your deposit in Beechboro.
12km from Perth CBD and close to Morley, where development site prices have increased well above average budgets, Beechboro offers a cheaper alternative for future development without significant additional distance.
Included in City of Swan’s proposed rezoning area, Beechboro enjoys a wide choice of sites for potential development. Once the proposed zoning changes come through, increases in buyer activity and decreased sites available should create upward price pressure.
However, investors must be diligent, as not all properties will be subdividable; proposed rezoning is dual density coded and the Council has strict rules on utilizing the higher density. Further, the Council hasn’t released its design policy, so there is some risk involved in understanding building requirements.
If you are willing to be selective and search for properties close to Morley with access to bus routes, schools and shopping centres, you should be able to find a great property in Beechboro.