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regarded as a desirable family-style estate
to live in. It has also benefited from the
recently established suburbs of Hammond
Park, Aubin Grove and now Honeywell
estate – all developed to the south.”
Deverell believes there are no downsides
to the area as it boasts high growth,
good public transport links and is in a
“Atwell started its life as a rural area,
but in the last five years has experienced
rapid transformation into a popular
starter-home suburb, containing
third quartile three and four-bedroom
properties. The location close to Cockburn
and the excellent local infrastructure has
turned it into a desirable suburb,” he says.
“The median rental return is 4.8 per
cent. This is typical of the median return
for the Perth metropolitan area. People
who are renting have a preference for
the northern end of the suburb, which is
closer to bus and train services.
“Rental demand in Perth has weakened
generally but remains above average
To increase the prospect of capital
gains he recommends buying in the
northern end of the suburb, which is
better developed and more popular due to
transport links. He also suggests buyers
avoid anything that backs onto or is close
to the freeway due to noise disturbance.
“Investors are being drawn there due to
good local shopping facilities, easy reach
of beaches and the closeness to Perth
makes it well priced.”
With 55 properties on the market in
Atwell at the time of writing and a few
older houses available at sub-$400,000,
Deverell says he would expect entry-level
prices generally to start at $450,000.
“Median price growth rate has been a
very strong 14.9 per cent over five years,
with 18 per cent of houses rented, a low
proportion reflecting that this is first
homebuyer territory,” he says.
¿ INFRASTRUCTURE BENEFITS
Condipodero says the area is popular and
consistently sought after.
“Currently the buyer sentiment is very
strongly in favour of Atwell because
there’s a lot of infrastructure within a very
close proximity that will benefit a lot of
people as far as employment is concerned,
schools and shopping,” he says.
“One of the major shopping centres is
still being completed. It’s been operating
for a number of years, but there are many
extensions yet to happen that will make it
one of the largest in the metropolitan area.
“There are several schools within the
Atwell area and also within easy access to
private schools and the private hospital.
“The Fiona Stanley Hospital is well
under construction and that’s going to
provide employment opportunities.
“Currently there’s a train station a
stone’s throw from the suburb and
another one in the near future on the
corner of Russell Road and the freeway.”
There isn’t a particular area that’s better
than another, he says. It all comes down to
what people’s affordability levels are and
what they perceive is value for money.
“The major thing is that it’s easy access
to the freeway and the rail link and we’re
probably one-third of the way between
Perth CBD and Mandurah, just 15 minutes
to Fremantle and Atwell borders a rural
setting where most of the properties are
five-acre blocks that people choose for the
“So we have that freedom – it’s not just a
Perth buyers’ agent Gavin Hegney of
Hegney Property Group says the proposed
train station on the Perth to Mandurah
line will likely benefit the nearby suburbs
of Hammond Park and Success more than
Atwell or Aubin Grove.
“All four of those suburbs surrounding
Too nice to leave
It seems no one wants to leave Atwell.
Pearl and Robert Kellar had lived in
Harmony Avenue for seven years and just
sold their house in the Atwell estate of
Harvest Lakes only to buy again just three
doors down. Their new home was bought
for $735,000 last July.
The couple also owns an investment
property a few minutes away in
“We won’t leave Harvest Lakes,” Pearl
“The people who bought our house also
sold and bought again in Atwell. They lived
just three streets away in the Harvest
Lakes estate,” she says.
“For us the interest in Atwell began in
2003 when the development at Harvest
Lakes first started. This was the first Green
Smart development and we looked at the
planning and liked that they had made an
effort to create a community with open
spaces for recreational use, rather than just
blocks of houses.
“We’ve lived in many countries so we
know it’s possible to live in a place and not
know anyone around you. We bought a
little cottage block the first time and built a
house on it while still living in New Zealand.
“We like the area because it’s home
to a mix of people – retirees, young
professionals, families – it’s a nice blend.
“We like the varied open spaces that
exist here; we live opposite Harmony Lake
and can sit at our front door and see the
community pass by.
“As you get older, it becomes more
important to know your neighbours and
the people who are living around you. The
Residents’ Association is very active here.
We’ve just had a planting day at the lake.
“This area is well serviced. We have
Cockburn train station nearby and the new
Aubin Grove station set to go in 2016 – this
will be within walking distance from us.
“We’re just one minute from the Kwinana
Freeway which gives quick access to the
shopping centre, youth centre and GP
Super Clinic at Cockburn Central.
“The new Fiona Stanley Hospital and
Murdoch University are about 10 minutes
away and Perth CBD just 20 minutes
further on. We have schools within the
development and a comprehensive
shopping precinct due for completion
in 2014 which includes a Woolworths
supermarket, many speciality stores and a
“House prices here have held when other
areas were slumping and now they’re rising,
no doubt about that,” she says.
“Houses on the fringe of Harvest Lakes
are highly sought after and go very quickly.
There are a few vacant blocks left here, but
they are very pricey.”
Names: Pearl and
Invest: Hammond Park
Strategy: Buy and hold
Robert and Pearl’s Atwell property
THE STATES // WA
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