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2020-01-22 Property Tips
Author: Satterley Property Group

Why Allara is the place to invest in 2020

Located south of Yanchep National Park, Allara estate in Eglinton combines the nature of bush surrounds with idyllic coastal living. A short drive from beautiful beaches including Eden Beach and Yanchep Lagoon, Allara is perfect situated for an afternoon of relaxation or more action - like bush walking, swimming or snorkelling! Residents in Allara will also soon be able to leave their car at home as they benefit from the close proximity to the future Eglinton train station, part of the Yanchep Rail Extension delivered by METRONET. Families, singles and couples that commute into the CBD for work or weekend activities will be able to reach Perth faster than ever before.

With land starting from $133,000, Allara is an affordable place to purchase an investment property. The future Eglinton station and bus interchange is likely to increase rental appeal, with easy access to both Perth CBD and Joondalup from Allara. Joondalup will soon be a twenty minute train ride away from Allara and 50 minutes to Perth!

The future transport links are not the only reason Allara is a perfect location to purchase your investment property. The City of Wanneroo’s population is predicted to boom, with an expected increase of 111% by 2041 (source: forecast.id.com.au). The increase in population will create more demand for retail, amenities and schools, an appealing prospect for renters and buyers. The population increase also means new jobs may be created for Allara residents to source employment closer to home.

Areas around Allara including Yanchep and Alkimos regional centres are both expected to increase in population by 7% yearly until 2041 (source: forecast.id.com.au). The growth of both areas is already evident in the recent opening of a new beachfront cafe at Eden Beach, The Landing Tavern at Alkimos Beach, and Oceanside Bar in Shorehaven, just a short drive from Allara and offer a range of amenities for residents to enjoy including a number of schools and education options, several supermarkets including IGA and Coles, as well as medical and dental services, further increasing the appeal of the area. 

The range of amenities is especially important given the number of households with children in Yanchep is expected to grow by over 4,000 to 2041 (from 2016) (source: forecast.id.com.au). Couples without children are also expected to grow at a similar rate further increasing the need for more rental properties in the area.

Allara offers a range of house and land packages perfect for every budget, lifestyle or investment goal and with a focus on sustainability offers something different for investors. This is evident through Allara’s recent recognition by the Urban Development Institute of Australia for its environmental and sustainable development initiatives being awarded the Envirodeveloper Chairmans Choice award. In addition to the popular parks, playgrounds and waterplay at Allara plans include two schools, a neighbourhood centre and proposed indoor recreation centre delivered by the City of Wanneroo. 

Allara offers a range of house and land packages suitable for all households to enjoy. With a picturesque location, enviable coastal lifestyle and plans for increased transport links, Allara is an ideal place for investment in the coming months.  

Interested in investing at Allara? Get in touch below to start your investment journey today! 

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