10 Golden Rules for Finding an Investment Property in WA
Investment property golden rules are the blueprint every WA investor needs. Choosing the wrong home can drain cash flow and cause endless tenant issues, while the right one can deliver steady rental income and long-term growth. Here are the ten rules successful investors live by.
Table of Contents
- 1) Low-Maintenance Matters
- 2) Buy in High-Demand Suburbs
- 3) Prioritise Transport & Infrastructure
- 4) Check Rental Yields & Vacancy
- 5) Match Property to Tenant Demographics
- 6) Property Condition & Age
- 7) Diversify Your Portfolio
- 8) Financial Buffers & Insurance
- 9) Look for Future Growth Drivers
- 10) Work with Professional Property Managers
- Conclusion & Next Steps
1) Low-Maintenance Matters
A golden rule of property investing is keeping costs predictable. Properties with low-maintenance features — such as brick builds, tiled roofs, and easy-care gardens — save time and money. In WA’s coastal suburbs like Mandurah, salt air can accelerate wear and tear, so prioritise durable materials and finishes that stand up to the local climate.
2) Buy in High-Demand Suburbs
Location drives returns. Areas such as Mandurah, Rockingham, Baldivis, and Lakelands consistently show strong rental demand thanks to lifestyle appeal and infrastructure. Look for low vacancy rates and high online enquiry volumes — metrics available through REIWA and Domain Research. High-demand areas reduce vacancy risk and support steady growth.
3) Prioritise Transport & Infrastructure
Properties near train stations, bus interchanges, and major roads attract long-term tenants. In WA, suburbs connected by Metronet expansions are particularly attractive. Easy access to schools, shopping, and healthcare boosts rental appeal and future resale value.
4) Check Rental Yields & Vacancy
Strong rental yields mean better cash flow. Compare the median rent to purchase prices to calculate gross yield, and check local vacancy rates. Areas like Mandurah and Kwinana have delivered yields above 5% in recent years. Resources such as ABS data and REIWA reports can confirm trends.
5) Match Property to Tenant Demographics
Understanding who rents in a suburb is vital. Near universities, smaller units appeal. Near industrial hubs like Kwinana, workers often prefer 3–4 bedroom homes. Families look for yards, schools, and parks. Always align the property type to tenant demand in that specific WA suburb.
6) Property Condition & Age
Older homes may look cheap but often hide costly upgrades — rewiring, plumbing, asbestos removal. A newer, well-maintained home can be more profitable long-term because it attracts quality tenants and has fewer repair surprises. In Mandurah, well-renovated homes close to the foreshore perform especially well.
7) Diversify Your Portfolio
Don’t put all your eggs in one suburb. WA’s mining towns like Karratha and Port Hedland offer high yields but higher risk. Balancing these with more stable metro investments spreads exposure and reduces portfolio volatility.
8) Financial Buffers & Insurance
Always keep a buffer fund to cover 3–6 months of expenses. Landlord insurance is essential — covering rent default, damage, and liability. Many WA investors overlook this step until it’s too late.
9) Look for Future Growth Drivers
Infrastructure projects like the Westport Project, Peel Business Park, and freeway extensions into Mandurah drive long-term value. Buying near these growth nodes captures upside potential. Research state government planning maps and local council development proposals before buying.
10) Work with Professional Property Managers
Even the best property fails without good management. Professional property managers handle screening, inspections, and maintenance, ensuring compliance with WA tenancy law. Mandurah City Real Estate specialises in balancing landlord protection with tenant care — delivering both yield and peace of mind.
Conclusion & Next Steps
Applying these 10 investment property golden rules helps investors build a resilient, profitable portfolio. From choosing the right suburb to planning financial buffers, each rule minimises risk and maximises return.
Thinking of buying an investment property in Mandurah or Perth’s southern corridor? Book your free appraisal or get a rental assessment with Mandurah City Real Estate today.
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