Hi Haripin,
We are in NSW so can't help much in WA
The criteria we use for property search, is the property must be in strong regional towns, population of more than 20,000
The town must have more than one industry for employment, so no mining towns built around a single mine, although we have purchased a lot of property in the Hunter Valley over the years.
We look for multiple rent properties, usually blocks of four two bedroom units on single land title. As a long term value add councils are receptive to strata titling of units.
Research rental potential in the area you are looking, at as most managing agents in these areas are pretty hopeless, and you have tenants living there on expired leases way below market rent.
We don't consider any property that will not be self sufficient financially long term, as we have no interest in negative gearing. Rents must pay down the debt as the long term aim is outright ownership.
I have been told many times that we can't get any capital growth by buying these types of property, but in most cases growth exceeds city as people are moving to more affordable accommodation.
It is difficult in a higher interest rate environment to find suitable properties, but they are still out there.
Not to be considered advice, but this works well for us.
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