Six Nicheliving development sites on Top 20 list
Six Nicheliving development sites are featured in the top ten of Terry Ryder's Top 20 star performers for long term capital growth over the past ten years.
The top performer was Beckenham with an annual growth rate of 10% over 10 years. Cloverdale, Willetton, Coolbellup, Langford and Lynwood also featured in the top ten.
Nicheliving director Ronnie Elhaj said it selected Armadale and Kwinana as being among the highest performing Perth suburbs.
"When it comes to short term growth, two of Nicheliving’s locations – Coolbellup and Langford – were recently identified by REIWA as top performers in 2014," he said.
"With an annual growth rate of 20.2%, Coolbellup was the second highest growth suburb in Perth. Langford rounded off REIWA’s top five highest growth suburbs in Perth with an annual growth rate of 16.1%.
"Focusing on how a 1% or 2% difference in growth could have a major impact on your long- term equity position... Choosing the right investment property can have a particularly strong effect over an extended period of say 5 or 10 years. For example, a property worth $400,000 at an extra 1% capital growth figure compounded annually over 10 years amounts to an additional $46,267.34. And at 2%, that capital growth figure amounts to a staggering $97,349.72, which is a lot of money in anyone’s terms.”