This month we’re having a chat with Sarah Barton, who currently manages a portfolio in the northern suburbs.
What suburbs do you cover?
I currently look after properties north of the river. Predominately in Butler and Ellenbrook.
What are the highlights/features of your area?
Butler and Ellenbrook are relatively new suburbs. Most of the houses I manage are 3 x 2 or 4 x 2 and are all under five years old. We are continuously taking on brand new properties, adding to the portfolio. Both suburbs have been built with a strong community focus and are expanding rapidly. There are plenty of parks and schools there, and this is very appealing to families. Ellenbrook is on the doorstep of the Swan Valley and is Australia’s most awarded suburb. Due to Butler’s popularity more houses are currently being built and a new suburb, Alkimos, is emerging. The ocean/beach lifestyle is what attracts people to these areas – especially people from the UK, South Africa and New Zealand. A new train line is due to open in Butler next year, which will draw even more people to the area. There are also plans to open a new Lakeside Shopping Centre in Alkimos. It’s a great time to invest in either of these suburbs.
What is your take on the Perth market at the moment? Have you seen lots of interest in the properties that you’re showing?
The media is constantly reporting that the rental market in Perth is very strong. However, although Butler and Ellenbrook are very popular, the high rents are affecting the market. Rents in both of these suburbs have risen dramatically and at the present moment I feel they are starting to stabilise. If they go up too much more they will push a lot of tenants out of the market. Because the problem is, rents are rising but wages aren’t! In Butler I anticipate that rents will start to increase again after the train line is opened.
Home opens are busy with only one home open required to source a new tenant. Given that these suburbs are so far away from the city, we don’t tend to get as many people at home opens as the inner-city properties; however, it’s still a strong market.
Do you have any questions for Sarah? Leave a message on our Facebook wall.