We’ve launched our first Perth property! If you haven’t done so already, read about why the BrickX property team chose to buy in Perth.

Our property is located in the quaint suburb of Kensington in South Perth.

Meet Kensington

Let me paint you a picture. A peaceful street lined with white-picket fences and trimmed lawns.  Strolling through, you may hear sounds of children’s laughter bubbling from backyards and the wind whispering through the leaves of lush trees bordering the street. This is Campbell Street, Kensington.

This sounds like something straight out of a movie but Kensington is very much real. It’s only 6km from the Perth CBD and surrounded by the majestic foreshore of South Perth and Victoria Park. Take a 5 minute walk and you hit one of Perth’s largest cafe, restaurant and pub precincts along the Victoria Park Strip.

So, why Kensington?

Let’s talk numbers. Kensington has had an average of 7.86% p.a. historical suburb growth over the last 20 years1.  REIWA analysis found that Kensington was one of the top 7 high growth suburbs in Perth in 20182. The BrickX property team believes that properties in this area will continue their recovery over the next 2 years.

There is increasing investor interest in Kensington properties, with an average of 665 listing visits per property on realestate.com.au, compared to the 217 visits for wider Western Australian properties in 20183.

Our first Perth property

29 Campbell St, Kensington

Front of Kensington, Perth property with brick road leading in.

This beautifully presented home is located within the ‘Golden Triangle’ of Kensington – the catchment of three excellent primary schools4. The 3-bedroom, 2-bathroom and 3-garage home has been tastefully renovated and extended to offer the perfect blend of modern living and homely character features. These include high, ornate ceilings, polished timber floorboards and a working fireplace.
Living room of Kensington, Perth property with fireplace and flowers on glass coffee table

With an initial brick price of $82 and estimated net rental yield of 1.11% p.a.5, our property team believes that Campbell St, Kensington shows good investment potential. Pre-order your Kensington Bricks now with no transaction fees!

These are views expressed by our Property Team as at January 2019.  It is general opinion only and may change without notice. Past performance is not an indicator of future performance and returns are not guaranteed.

 

References:

  1. Average Annual Growth Rate. CoreLogic Median Price Index SA2 (South Perth – Kensington). Past performance is not an indicator of future performance.
  2. REIWA Kensington suburb profile at https://reiwa.com.au/suburb/kensington
  3. realestate.com.au Kensington suburb profile at https://www.realestate.com.au/neighbourhoods/kensington-6151-wa?cid=pdp
  4. 29 Campbell St realestate.com.au property profile https://www.realestate.com.au/sold/property-house-wa-kensington-129759462
  5. Based on estimated property rental income of $700/week.

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