Getting Hot - Perth North vs. South! The Great Debate!

North or South Perth — where should you actually be investing right now?

In this episode, Nash Sivayanam and Conor Lloyd-Fox, both Senior Investment Partners at Locale Property Group, go head to head on the best growth corridors in Perth for investors and first home buyers alike.

They break down the suburbs they're each backing right now, why Perth's property market is still playing catch-up, and how to get ahead of the curve before the infrastructure arrives and prices follow.

We cover:

North vs South — the case for each side, suburb by suburb
Why Eglinton, Sinagra, Mariginiup, and Brabham are the North's ones to watch
Why Baldivis, Karnup, and Mundijong-Whitby are the South's hidden gems
How to stop investing emotionally and start investing on the figures
Why Perth's rapid price growth is actually a natural catch-up — not a bubble
The AUKUS and DHA angle — and how it opens up opportunities in the South
Growth predictions for each suburb heading into 2025 and beyond

Whether you're a first home buyer trying to get a foothold or an investor looking for your next move, this episode gives you the insider view on where Perth's growth is actually heading.
Don't wait until everyone else is talking about it. Get in ahead of the curve.

0:00 Introduction
0:20 North's Case: Eglinton
2:18 South's Case: Baldivis
4:22 Rockingham — The Mini City Next Door
5:04 Karnup: The Hidden Gem
6:09 Mundijong-Whitby and Tail Springs
7:34 Land Supply Crunch in the North
8:44 Sinagra and Mariginiup: The Next Big Thing
9:28 Brabham: Feeding Off Ellenbrook
10:42 Brabham's Stats: Population Growth and Rental Yield
12:15 Baldivis Land Prices and the Mandogalup Effect
13:24 Getting Ahead of the Curve
14:06 Baldivis Lifestyle: Beach, Pubs, and Schools
16:25 Lifestyle as an Investment Factor
17:14 Brabham vs Baldivis Head to Head
18:40 Rockingham: One of Australia's Safest Suburbs
19:23 Sinagra and Mariginiup: Early Entry, Big Upside
22:32 Is Perth's Growth a Bubble or a Catch-Up?
24:18 Demand Outstripping Supply Until 2030
26:47 Investing With Your Head, Not Your Heart
28:02 Growth Predictions: North vs South
29:42 Wrap Up

Locale Homes | Helping West Australians buy and build new homes, minus the overwhelm.
Don't forget to like, comment, and subscribe for more!

ABOUT NASH SIVAYANAM

Nash Sivayanam is a Senior Investment Partner at Locale Property Group, specialising in Perth's southern growth corridors. With a focus on data-driven investment strategy, Nash helps first home buyers and investors identify the right opportunities before the market catches up.

ABOUT CONOR LLOYD-FOX

Conor Lloyd-Fox is a Senior Investment Partner at Locale Property Group, with a deep focus on Perth's northern growth corridors. Known for his practical, client-first approach, Conor helps buyers get ahead of the curve in some of Perth's most in-demand emerging suburbs.

ABOUT OWN IT - Your Property Partner

Real stories. Real lessons. Real talk.

Buying your first home, upgrading, or investing? It's a big move and you don't have to go it alone.

Hosted by Adam Schaal, the founder of Locale Property Group, Own It is where we discuss property journeys, wins, mistakes, mindset shifts, and everything in between. No jargon. Just honest, empowering conversations that shed light on all things property.
To know more about Own It Your Property Partner, you can visit the links below:

Podcast/Blog: https://open.spotify.com/show/6mJ6RDVDZNU4Ov7aoH6FdA
Presented by: Locale Property Group
Facebook: localewealth
Instagram: localewealth
TikTok: localewealth
YouTube: @localepropertygroup

FOLLOW US FOR MORE

Locale Homes

Helping West Australians buy and build new homes, minus the overwhelm.

Instagram: @localehomesau
TikTok: @locale.homes
Website: localehomes.com.au

Locale Wealth

Smart property strategies, simplified for rentvestors, investors, and future-you.
Instagram: @localewealth
TikTok: @localewealth
Website: localewealth.com.au

Locale Financial

Home loan experts who work for you, not the bank, so you can buy with clarity and confidence
Instagram: @localefinancial
TikTok: @localefinancial
Website: localefinancial.com.au


Locale Property Group is the team behind Locale Homes, Locale Wealth, and Locale Financial, on a mission to help Australians build, grow, and own their futures. From securing your first home to growing wealth through property or navigating finance with clarity, we're here to simplify the journey and deliver real results. As client advocates, we offer honest guidance every step of the way, not just selling homes or loans, but reshaping how Australians experience property.

Transcript

SPEAKER_03 0:00

The trick with investing is always trying to be ahead of the curve. That's why I'm looking at these suburbs because the growth potential is still there. It's still accessible to a lot of first-time investors.

SPEAKER_01 0:10

I don't think I'll ever buy a blue chip corridor property just because I've seen how much faster you can outgrow those areas.

SPEAKER_03 0:16

Demand is just outstripping supply and the demand dictates the price. Whether you're a first home buyer, whether you're an investor, you look at areas that most people haven't started looking at. There are risks and inherent risk there because we can't predict the future. In general, if you're willing to hold it for the long run, property always goes up. If you get in at the right time in the right corridors and you get in early, be north or south, you actually have the potential to really capitalize on that growth. I love the projects in the north. The future development there is absolutely massive. I just feel from an infrastructure point of view.

SPEAKER_00 1:03

Is it in the south or is north where you should be putting your money? We've got two of our property investment partners. So we've got Nash representing the south, and we have Connor representing the north. And it's going to be a ferocious fight. Like we say, go hard, but no clawing the face. Kick it off, guys.

SPEAKER_01 1:21

We're starting off talking about uh I'll go we'll probably go first. So we'll talk about north to south. I'm obviously doing the north. Um three suburbs. I'm going to go through uh Eglinton. I'm going to group Snagra and Maradini up into one and then Brabham as well. Um so starting off with Eglinton. I think uh where I see the valley is it's a pretty easy progression story up and we know north-south with Perths really stretches along the coastline. Yeah. Seeing a lack of land available in the southern end, um, but also the same sort of thing in the uh north end with regards to having good amenities around. I think with the progression of um Alchamos is a perfect example, that's no longer a growth suburb anymore.

SPEAKER_02 2:00

Yeah.

SPEAKER_01 2:00

It's kind of like a blue chip. Yeah. So it's established, it's got all the amenities you need. Eglinton's the flow and effect from that. So you're seeing quite a young demographic out in Eglinton, um, like a lot of first home buyers, and there's still a fair bit of land between that and Yanchep. Um, but you've got the train station that's opened up. You probably haven't felt the growth of um England come into effect yet. One thing it is suffering a touch from is schools. There's schools like planned, there's not a whole heap in the actual estates themselves. Um but I think if you're if you're looking over like a 10 to 15 year period, once that stretch of coast coastline in the north from Algemonts all the way through to Yanschep's all soaked up, your price is going to go through the roof again. Because there's you're not really going to see too much action further out than two rocks because it doesn't come practical, practical to drive an hour and a half into the city where there's other options. Um again, being close to this beach for you can still get in for what, 750, 800k for a decent sized house. It's if you're looking nationwide at like even like Adelaide, anywhere in Sydney, uh, Brisbane, Gold Coast, Sunshine Coast, you're looking at millions of dollars. Whereas here it's still relatively affordable. I think that's the main like fundamental driver. It's just there's eventually going to be there's only so much land that people in Perth can get access to the beach before it's not practical for work purposes anymore.

SPEAKER_03 3:20

The three locations I'll be looking at in the south would be Bell Divers, Carnap, and I'll go a little bit more inland to like the Munda Jog Whitby area. Um, just like you say, linear progression of developments in WE. So in the South, right now, the one that's probably up and coming is Bell Dives. Um and when we talk about things like infrastructure, we talk about schools, you know, we we talk about um master plan projects. Um Bell Dives already has a little bit more in terms of offerings. You've got the private schools there, you've got good public schools. Um, the infrastructure is already in place. It's right on, you know, it's it's basically being developed around the Quinana freeway. Um, you've got a lot of shopping amenities there. Um, and you basically also have um when it comes to investment opportunities, you also have um the DH8 um because it falls within the radius of the Oscars project, you know, um Garden Island City. Um and one thing that you also talked about, how about people who don't want to have a coastal lifestyle and drive more than an hour to the city? Um you and you're talking about Bunbury. Uh one of the biggest differences I see in the South is that um rental and land affordability to bill, whether it's to bill, whether it's to rent, you know, um in the southwest, you know, is significantly more. You know, you could be paying probably $1,000 a week in rent there. Yeah. Um simply because you can't find properties, you know, and and the land development situation there is significantly slower. Um so what I've noticed is that a lot of people actually prefer to stay within the Bell Divers, Khan, even Mandra areas, um, and take that commute down. Yeah. You know, if they're working around that area simply because it's 40 minutes to an hour, you know. So you're not just tapping on the demographics who are working in the city, you're also tapping on the demographics that are work who are working in the southwest. Yeah. Uh Rockingham itself is actually a massive um suburb on its own. Yeah. You know, self-sufficient. You've got the hospitals. Yeah. Yeah, it's like a little city, it's like a mini city. You also have a lot of jobs there. You have the refineries in the Quinana area. Um, and all of these are basically about a 10-15-minute drive from Bell Dives. Yeah. You know, so logically speaking, with the way growth is expanding linearly down, yeah. You know, Bell Divers is going to be a hot spot. You're already seeing it with the uh land prices going up significantly in Bell Divers. Um the good thing though is you still have about 4,000 blocks in Bell Divers. Yeah. That's going to be developed. A lot of developments. Yeah, that's going to be developed over the next 10 to 15 years. Um slightly further down, you're looking at Carnup. Um, Carnup is actually a hidden gem, in my opinion. Um, not sure if a lot of people know about it, but um Murvac, which is a publicly listed land developer, has basically signed an agreement with WA to develop 484 hectares and make Carnup into a big master plan. So you are talking about an additional 4,000 blocks over a 20-year period, which is also going to include schools, which is also going to include um public transportation infrastructure. Um, and it's relatively affordable then today's market. You know, you can still get a house and land package for between 700 to 750 there. So the growth potential in terms of capital growth is massive. And carnap is literally one road across from the Indian Ocean. Yeah. You know, so you know, depending on location, you could actually just cross the road and walk to the beach, you know, and still, you know, have uh a lot of room for growth, be it rental, uh, be it capital growth. You go a little bit more inland and there are some benefits there as well. So while historically the development trajectory in WA has been linear, you do have really good pockets of inland developments that can be considered gems as well. Um basically Mandijong Whitby, yeah, you know, that basically falls in that area. And one of the best developments that are up and coming right now is Tail Sprints. Um for a few reasons. It's backing right onto the Tonkin extension. Yeah. So for FIFO, like you were talking about FIFO workers and all of that. It is literally a straight road down to the airport.

SPEAKER_02 7:45

Yeah, yeah.

SPEAKER_03 7:46

It's easy access. Um and base um and being a very new area, it's you know, at a much sharper price point as well. Um, you have to know that it's only about five to ten minutes away from Bifert, which is already a bustling city with all the amenities and everything and the inf infrastructure. So the spillover effects, like you talk about you know, great potential there as well. Um, and yeah, all in, I think the developments that are currently happening in the South are actually expanding on infrastructure that's significantly more developed at the moment. Um, you know, I love the projects in the north, you know, and I think the master plans and and the future development there is absolutely massive. Um I just feel from an infrastructure point of view, South currently has a little bit of that legs up.

SPEAKER_01 8:36

With Eglinton, the one of the most difficult things for my clients I want to get into that the South isn't as suffering as much from is actually getting hold of land.

SPEAKER_02 8:45

Yeah.

SPEAKER_01 8:46

Like there's not much land being released, which is supply and demand. Obviously, if there's a lot more people going into the area, the price is going to go up pretty quick. I I think it was a while back now that Yantchep up the road had a release, I think it was 10, 12 blocks or something like that, and it had over 250, 300 applicants within the first day for just those 10 blocks. And that was three, four months ago when I think the market wasn't as hot as it is now, as far as demand goes. Um so I with again Eglinton, it doesn't have those large massive developments coming into play, like the uh what was 150? How many hectares was the 484. 484, sorry, yeah. To undersell, yeah. Um but that's not necessarily a bad thing. I think the lack of demand, uh sorry, lack of supply into an area can be very, very helpful for investors. It's just what I'm finding at the moment is while clients are waiting to get a block in there, unfortunately, land release is gonna fit 510k every um every single release. Like Alchemist has gone to a um offers situation, which is yeah, they release it at 502 and then say offers above that. So it's not even a set price on land, which is nuts to me. Um where where I guess a mix of the two would be, as in like the having the demand and also the supply there would be what I find in um Marajunia Up's Sinagra at the moment. So Sinagra is more of the established side where it's kind of already had the growth spirit. Marijuana Up feeds off that. So there's a ridiculous um amount of, I think it's 50,000 homes going there, 150,000 people, which is a city. Yep. That'd be one of the largest regional centres if it was its own little plot spot. Um the thing is though, it's got planned infrastructure, so it doesn't have the train line properly announced yet. Um and we said, but if we see as um Ellenbrook is an example, I'll speak to I'll probably speak that about that now. So Brabham is one of my other choices, and that Brabham and Henley Brook area, I guess, comes into one. But for to have an established area like Ellenbrook, where you already got your shops, your city centre, your schools, everything like that, and that it's gone through a bit of a rough patch. Like 20 years ago, we'd been a bit frowned upon Ellenbrook. Now it's a yeah, million-dollar suburb and great area to live. Um, or it always has been, but it doesn't have the stigma about it as much, is what I've found. Um but Brabham as an as basically one estate, about one area, is it's got the infrastructure of Ellenbrook to feed off. It's actually closer to the city than Ellenbrook. It's at I think it's a 15-20 minute drive to the airport, which is massive for fiver workers. You've got Swan Valley next door, um, and then you're planned like the next stages of Brabham are across the road, closer to the city, with more schools going in. And then you've got train station right there. So if you're if you can get into that estate, it is more pricey than the areas we've discussed at the moment. Um, especially if you're building uh like if you're building a full bed with a theatre on a big block, you're looking at yeah, million million bucks. Yeah, 900,000-ish. Um speaking more about the statistics of Brabham specifically. So I think between 2016 and 2021, it had 162% population growth, but that is a testament to a lot of that was just farmland being cut up previously. Um, but through that, I guess it shows him the demand it has. Um I've seen I've been pushing for it for a while quite a while for investors for a number of reasons. Number one is again population growth, it's got all the infrastructure out there. Number two is the the ratio of owner occupiers to renters is extremely high. I think it's like 92% of people that live in the suburbs own a house and live in the house. Whereas other suburbs that um a lot of people might look at are 20 to 30 percent, is generally around the mark. Um, what that means is the rental yield is extremely high. You're looking at fives for a pretty basic um standard house out in Brabham, where the rest of Perth, I think, averages like 4.8% for yield, and that's across all suburbs, um, honestly, growth corridors. So when it and that's speaking to a lot, I guess lifestyles. The pet the reason there's so many owning occupiers out there is a lifestyle component of that. There's never been any um incentives for owning occupiers as in you can't have any investors buying in a suburb or anything like that. It's just how it's naturally progressed. And that's not something that easily changes overnight. Yeah. If you got that's not gonna impact your like you rent a year, it's gonna be solid for a foreseeable future because there's just so little competition out there. Um you can say something like that.

SPEAKER_03 13:17

Yeah, no, it's actually pretty similar in Baldivers as well. You know, in the past year, you can see um new land prices have gone up by approximately a hundred thousand dollars. Yeah. You know, and people are looking at it and going, like, geez, you know, that that's a that's a massive increase. Um, but it's been happening historically, like, you know, two to three years ago, you know, Tree was the hotspot. Everyone wanted in. And that was the time we were talking about Mandokla.

SPEAKER_02 13:44

You know, yeah, yeah, yeah.

SPEAKER_03 13:45

And last year it was essentially that's what happened. Mandokla happened. You know, it had a 33% um growth rate um for the year. And if you if you basically progress down the Quinada, what's next is really Bell Divers. You do have a few new pockets of suburbs in between. But if you're talking about development and infrastructure, literally the next one is Bell Divers. Yeah you know, so you know, it's not going to be I wouldn't be surprised, you know, if we see a similar growth spurt in Bell Divers this year as what we witness in Menoga next year. And over time, of course, it's going to go down. So Carna would probably be the next location. Um, and I guess the trick with investing is always about trying to be ahead of the curve. Yeah, of course. Right? Yeah. Um, and so that's why I'm looking at these suburbs because the the growth potential is still there, you know, and it's still accessible to a lot of first-time investors.

SPEAKER_02 14:47

Yeah.

SPEAKER_03 14:48

You know, and um it's close to the city. Um again, one thing I really like about Bell Dives is the lifestyle. You know, so whether you are uh beachfront person, you know, you love to go to the beach, you know, you love to wine and dine restaurants at the beach, you've got Rotar Park across the road as well. You've got you've got Rockingham there. You know, if you have, if you like the pulp cult pub culture, you know, you've got so many um different types of um nightlife experiences. Not like lately nightlifes, but you know, in terms of the pulp culture, you've got so many uh King's Road Brewery just down the road. It's one of the most prominent, yeah, huge, you know, traditional pubs there as well. Um you also have the vineyards down the road, equestrian down the road. So if you like to ride horses or you want to learn, you know, how to ride, it's it's literally there. Um and it's nestled around a lot of farmland, just like how Brabham was. Yeah. Bell Divers was pretty much farmland.

SPEAKER_02 15:49

Yeah.

SPEAKER_03 15:50

Swamp and farmland. Swamped and farmland, basically cut up. Uh but the unique way Bell Divers has been developing is that it's retained a lot of this farmland. So you can be driving to the Spiers estate, for example, and you'll be passing generational farmland. You'll still see the horses. You know, the the nature aspect is still there and it's very much prevalent. Um, and that's not going to go away because um Rockingham has been very particular about how land is developed in the area. So that's really good as well. You know, schools, so many schools, you know, whether it's childcare, early learning centers, primary schools, secondary schools, colleges, uh, private schools. You know, you've got Tranby College and Mother Teresa that are two of the most popular private schools within the area. You have the Dull Divers Sports Complex that was recently completed, I think about two years ago. Um, you even have some really, really good gourmet restaurants, fine dining restaurants, Bistro 129, which is just down the road at Karazine Lane. No one would have heard about it. But you know, if you really want to experience fine dining and all of that, regardless of your lifestyle, everything's death. If you like the shops, you've got the massive uh shopping district in Rockingham. And if you ever want to go to the city, it's just 40 minutes down. Yeah. Well, 40 minutes up. Yeah, yeah, yeah, yeah. Um, so the the potential there, whether it's an investment or whether it's an owner-occupier, you know, Bell Divers just currently ticks all all the boxes, in my opinion. Um, and it's uh uh SD. Sorry, it's it's basically an area that's really worth considering.

SPEAKER_01 17:27

Yeah. Yeah, I think the key point you touched on there that I kind of didn't mention too much about was Larsell's a big factor in not just where so we can look at an area and look at all the fundamentals and go, yeah, we like this area for XYZ. Larsole's one that comes into it that you've got to want to live there and if in like to get rent is there, right? Yeah. Bell Dobbs has the advantage of being around Rockingham where they might have had their family grow up in that sort of areas, whereas the up and coming areas um elsewhere might not have that established um place placeholder. So with with Brabham, I like Bram just because it the proximity is into the city is actually very, very difficult to get nowadays and have what you need around it without paying an arm or leg. Brabham is getting up there, um, but it's it's getting so hard in Brabham.

SPEAKER_03 18:13

So you know, where's the spillover there?

SPEAKER_01 18:16

As in where did he go next? Yeah. Yeah. So well that's the thing. The the more the urban sprawl but is going and looking up with like Dayton, Dayton. So it's going south into that's field. From that, it'll be Clementine estate and upper swan out from there. And then they'll have its own teething issues a touch when it comes to if there's a huge amount of people going to the area, they'll need to put more infrastructure out there. But as a growth area, it still works quite well. Um where I think if you're looking at if if you're going side by side with Baldivas and Brabham, I think they're very, very similar. So Brabham feeds off Ellenbrook, Baldivas feeds off Rockingham. Yeah. Similar-ish distances from the city. Brabham's probably got the advantage of you've got the train stations a bit easier to access than say um Baldoves, whereas Baldavis has a lot more, it's got actually internal shopping centres and stuff that are way bigger than Brabham. Bram's got like Kohl's macras and everything like all the fundamentals that Perth seems to need. Um so I think, yeah, really they're pretty, pretty close on the ends, and the growth again, using Brabham as an example to say Alchemist, I think it's more of like a safety measured spot. It's not going to be your huge, crazy percentages, but it's also not going to be affected in a downturn where it's well established and it's got the numbers behind it, which again I think Baldivas is now at the point of. If you're talking about Baldivas 10 years ago, it was obviously going through a bit of a ringer, um having a bit of a tough time.

SPEAKER_03 19:42

Fun fact that you mentioned that uh in a national survey done uh recently, of the 10 um suburbs in Australia that are the safest, right? Let's say number six.

SPEAKER_01 19:55

Yeah, number number six, which yeah, is I guess a testament to the demographics of the area um and what it's not even a first home buyers area anymore, Bell Divas, really. It's it's your families and like upgrades. You see a lot of bigger homes out in Baldivers, like your 450 plus square meter, which isn't big um in some people's eyes, but nowadays you see a lot of smaller blocks and um not as many, it's a bit harder to fit a family on a four by two on a 260 square meter block and have a backyard. That that lifestyle is the same in Brabham and um Baldivers. I want to talk now about is the Senagra Maragini-up area. Um, I think where I've talked about Eglinton being a bit of a um leaning off the previous growth and still having the coastal aspect, talk about Brabham having the infrastructure in place and feeding off Ellenbrook. Whereas Senagra Marigini ups, it's going to be that point. It's just not a that yet, which might not sound like a good thing, but that's where you get your significant growth from. If you're getting, it's the same as what you're saying with carnip, if you're getting in at a low price point before anything else comes, yes, it can be a touch more risky, but your long-term growth outlook is going to be when you have your doubling in like seven, eight years and not even waiting for you 10 years plus. If you're looking as a comparison, that again, great area would be like your Byford Hilbert. So for a long time, there wasn't really much out there. Um, it was literally farmland. So same as Marie Daniel ups used for the dirt bikes and going out through the pine forests, everything like that nowadays. So once Byford and Hilbert got the infrastructure like your train lines and actually money being funded by the government for all your schools and stuff like that, they it is exploding. Hilbert was doing like 44% or something in 2023, 2022, I think it was. Um, I mean Armageddon has a suburb. Yeah, explode to example. Yeah. And that was due to infrastructure being put in place, right? Um so if if you're looking over uh the d the short term, Sanagra over the last five years is pretty well established now. There's not much land left actually in Sanagra itself. It's got your it's still got your schools to come into it. Um and a few other things. But Marie Ginny Ups, where the WA government just announces, yeah, 50,000 homes, 150,000 people going out there. It's going to have its own commercial precinct, it's going to have its own um shopping precincts. It's got planned rail, nothing set in concrete yet. But as an example, back to Brabham, so and Ellenbrook, like the real property growth haven't it coincided with COVID, of course, but once the rail line out was out there, it opened it up so many more avenues. Yeah. So if you've got an area, it'll be what 35 minutes from the city, but you've got a train line going straight in the tr city and the airport, that's massive for your future growth corridor. If you can, it's obviously not coastal, it'll be close, it'd be eligible for DHA with the um R AF base up there. Yeah. Uh which opens up to investors. But I think if you can get in cheap ahead of the curve, it's already selling out like hotcakes. Like our first home division out there is um flooded with Marajini up, and it is super difficult to get out there, and that's not gonna change anytime soon, even with that amount of land. Because as we know, when there's too much land being released, it can affect um the price growth of it. But at the moment, we're seeing the demand so high for these new land releases, land release are going up for 510k plus each release. If you've got 50,000 homes or 50,000 blocks going into an area, yeah, it's you're gonna see significant price growth. It's kind of artificial because it's priced by developers, not necessarily the market, but it's still growth. And you see when um like if you're selling a home, it's there's something in people you don't want to sell for less than what it is. So there's already that mindset, I guess, in and security in that.

SPEAKER_03 23:34

Yeah. I think in terms of price, you know, everyone's looking at what's the market price. I mean, at the end of the day, whatever prices are actually coming up and being presented to to clients for new estates, you know, they stack up with the valts and all of that. You know, I I actually don't um I think it's just proper growth because what's happened is, you know, taking it back a little bit, you know, uh pre-COVID and that you know, WA as a whole was in a slump.

SPEAKER_02 24:03

Yeah.

SPEAKER_03 24:04

You know, um property prices here were easily what 20, 30% less than the eastern states. Uh, I just feel like what's happened recently is just a very, very quick catch-up to status quo where it should have been, you know, instead of having it progressively following over 10, 15 years, it's it's just been a very fast acceleration. Uh, but I do think that growth is actually pretty natural. It as crazy as it sounds, it is actually um pretty natural. And that's where I guess we we come in, because it's about finding the growth corridors. Correct. Be it north or south, you know. You know, if you've heard it on Facebook, if you've heard it anywhere else, you know, you know, you you're still going to get on the curve, you know, at the moment. You'll still get growth, but are you really maximizing your growth? Because the the target for 2030, if I'm not wrong, I think um if we carry on the standard rate of how many homes WA is building, I think we would still have a shortfall of about 20,000 homes also uh based on um what has been written in the news recently. I know, and if you take that into consideration, you know, the demand is just outstripping supply. Yeah. And the demand dictates, you know, the price. Um, so how do you best take advantage of that? You know, whether you're a first home buyer, whether you're an investor, um, you look at areas that most people haven't started looking at. And like you said, you know, there is uh an inherent risk there.

SPEAKER_02 25:41

Yeah.

SPEAKER_03 25:41

Uh because we can't predict the future. Uh but in general, if you're willing to hold it for the long run, you know, property always goes out. You know, and if you get in at the right, you know, time in the right corridors um and you get in early, uh, be it not assault, you actually have the the potential to really capitalise on that growth.

SPEAKER_01 26:02

100%. Yeah, there's it might just be us as I think because we're exposed to the industry a lot more, we're a bit less well. I don't think I'll ever buy a blue chip corridor property just because I've seen how much faster you can outgrow those areas. And I think a lot of a lot of what we mentioned today is more about again, it's trusting that the infrastructure is going to be in place. I think we're very a part of, we're a mix of we want some established infrastructure in the way we invest, but also we want what what's coming, what is going to be that drive that boom. But I think for me, where you're gonna find that explosive growth is those areas like Eglinton where there's that infrastructure to go, areas on marriage in infrastructure and populate like 150,000 people going into an area is huge. There's in the when there's a next city out there, you want to be the people that got in first. Yeah. Um and that can be Sanagra. Um but if you're as an example with Bell Divers, even if you got in when Bell Divers started, um, which would have been about the start of the mine construction boom, or was that what was the timing on that? Or was it a bit about Well Or was it basically when it was going through the ringer? Yeah.

SPEAKER_03 27:14

Pretty much, yeah. Like you're looking at, I think, um around the 2010 to 2015 periods where you know estates really started to come up there. Yeah.

SPEAKER_01 27:25

And yeah, exactly. So you're even if you purchase at the worst time in Bell Dives, you still doubled your money in the last 10 years. Um, and that's because you were again head of the curve to where Bell Dives. Baldives still got a laundry room to grow, but it's it's there's been there's so much urban sprawl and there's just people get caught up on I guess what they need around it, not necessarily what's coming up. Yeah.

SPEAKER_03 27:49

Um I think talking about that, you're Edo, it's it's basically about whether you're investing emotionally or you're investing looking at the figures. Yeah. Right? You know, a lot of times we as human beings, naturally we have some sort of emotional investment, you know? And there's always, you know, no matter who you are, you would have a point of referencing. I want it this way, I want it like this, this is what, because that's what I like, right? Uh but when we try to actually disassociate that emotion and we look at the the facts, the projected infrastructures that's coming out, the current infrastructures, how growth actually happens, you know, that's where you can really narrow down the gems. You know, and then it's just a personal decision on whether you want to go in early and just have, you know, you are taking on a little bit more risk, you know, because you're going in early, you know, but with added risk comes added benefits as well. True. So it it's really individual dependent. Um and I think emotions can actually, while important, you know, sometimes they actually make us miss the you know, the divers interruption.

SPEAKER_01 29:02

I completely agree. Um, growth predictions for your three suburbs. I reckon Bell Divers will go past 25% this year. 25%, that's big. Yeah. Yeah. That's that's a big prediction. Well, Carnot?

SPEAKER_03 29:16

Look, I I reckon car up would be a little slower this year. I would say we would get double digits, but we'll probably get probably uh 15% growth. Uh but I reckon next year card up would grow by in in the 20%. Yeah. And then Monday. Monday would probably be low double digits at the moment, um, probably about 10-11%. Yeah. Um but again, it's also because of what stage Monday is at very, very, very early. It's very early. Um but there's so much value there.

SPEAKER_01 29:52

Yeah. Yeah. Um I'll start off with Eglinton. So I think due to Alkamos getting pretty full um and Eglinton being next in line, I reckon I'd comfortably predict around 14% for this year. Um, again, I think that's due to just supply and demand will outweigh that. And there's still benefits of first home buyers still getting into the market there. Same sort of thing with Mudajong. I think that's a big first home buyer market, which fuels a lot of demand to the area price point-wise. Um that's not gonna slow down pretty easily. So I reckon that'd be my top the marks at oh, I'd say 22% as for this year. Um, then Brabham's gonna be a bit um bit lower, again, a bit more established. So it's not gonna have that huge price, but I'm reckoning like 10%, 11% be pretty safe for that. Um, but I guess Brabham's more of your yield um looking at sort of the area for out there. Yeah.

SPEAKER_03 30:44

Well, I guess that's the end of our uh north versus south um discussion. You know, at the end of the day, I guess potential's everywhere, it's just about finding the right one. And uh thank you everyone for listening to this. Awesome.

SPEAKER_00 30:56

Thanks, man. And that's what this miniseries is all about. So thanks to Connor and Nash for sharing their insights and their passions. I properties on both sides of the fence. I'm definitely a fence hitter, but my heart probably pulls me to the north. And this podcast is about sharing insights you guys can make decisions with confidence moving forward.