After changing my mind about where to buy a gazillion times in the past few days, I think the best thing for our family for a first IP will be Mt Lawley. Reasons are: (and feel free to chip in your thoughts).
http://www.realestate.com.au/property-apartment-wa-mount+lawley-113769471
- 2k from city
- can buy under 400K
- Cafe strip on Beaufort Street is a bit famous
- Close to Highgate clubs for those that want to get drunk and have a short cab ride (or ride in a paddy wagon) home
- market - those wanting to live close to the city, but not in the city.
- 2 bedder - to suit couple, couple with child, singles, friends sharing
- Median growth over past year, units $350K up to $400K
- Median growth past 10 years, $150 up to $360K
- Close to us (Maylands) so I can actually go and inspect properties; could possibly self-manage
- Inner-city, I don't think you can go too far wrong inner-city
http://www.realestate.com.au/property-apartment-wa-mount+lawley-113769471