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1 in 10 Australians Considering Moving to WA…
1 in 10 Australians Considering Moving to WA… 21 July 2022 Matthew Hughes Matthew Hughes, Managing Director at Capital Property Advisory July 21, 2022 As reported in the West Australian, a recent survey conducted by research firm SEC Newgate Research shows one in 10 Australians are considering moving to WA, with most enticed by the great weather and job opportunities. Other hot buttons included our world class beaches, lifestyle and affordable property prices. On top of this, data was released recently on population growth from 2021, showing WA more than doubled the Australian average growth rate of 0.5% with 1.1% growth – sitting just behind Queensland in second position nationally. The Albanese government is also prioritising the processing of almost 60,000 permanent visa applications to assist with our dire skills shortage. What does this mean when combined with current and projected property stock levels in Perth? Well, stock levels have been consistently low for some time now, currently sitting just above 8,500 properties for sale. For reference, a balanced market would have 12,000 – 13,000 properties available for sale. Add to this the fact that new dwellings are not material
Matthew Hughes, Managing Director at Capital Property Advisory July 21, 2022 As reported in the… Read Article