273 - Belmont Suburb Update ft. Devon Kelly

In the latest episode of the Perth Property Show, we welcome back property expert Devon Kelly, who discusses the substantial growth and future potential of Belmont's property market. Under Devon's experienced guidance, we take a closer look at how Belmont's housing profile has changed since his last appearance on the show, with the median house price rising significantly from $430,000 to $640,000. Devon offers insights into the various residential types in Belmont, including how brand new apartments rocketed from the $300,000 mark up to $425,000, and townhouses made a leap from an initial $500,000 to an impressive $700,000. He also shares information on key local developments, such as the Redcliffe train station opening and its resultant impact on infrastructure accessibility. Future plans within the Belmont area are highlighted, with a special focus on the DA6 vision plan anticipated to propel further growth in Redcliffe. Furthermore, Devon shares valuable hard data on neighborhood dynamics, renovations, potential development blocks, and significant factors influencing buyer behavior and buying power, including interstate investment interest and distinct shifts in suburban demand. For anyone interested in the dynamic real estate landscape of Belmont, from new home buyers to developers, this enlightening conversation with Devon Kelly offers invaluable information to help you understand the market, make strategic decisions and stay ahead of the competition in the evolving Perth property market.