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CAPITAL PROPERTY ADVISORY | NATIONAL BUYER'S AGENCY
Property investment opportunities – should Perth be on your radar?
Property investment opportunities – should Perth be on your radar? 21 September 2022 Matthew Hughes While housing affordability has declined in general across the country, the latest Real Estate Institute of Australia (REIA) Housing Affordability Report has stated that WA has maintained its position as the most affordable state to buy in. With a suburban feel, many lucrative job opportunities, and the aspirational outdoor lifestyle due to great weather for the majority of the year, it’s no surprise that Perth is a great location choice for property investment opportunities. Current property market in Perth While many markets suffered during the pandemic, the property market in Perth has shown impressive stability, with REIWA announcing in 2021 that properties in Perth were selling the quickest they had in 15 years. As real estate values across Australia dropped marginally this year, REIWA has said that Perth remained buoyant in comparison to other Australian capitals, with expected fluctuations month-to-month as buyers adjust to interest rates rising. “Western Australia’s strong economy, growing population, and housing shortage point to the current growth cycle continuing,” REIWA r
Due to the current demand for rental properties outweighing the supply, now could be a great time to find property investment opportunities in Perth.