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WA border reopening: Real Estate Institute of Australia tips Perth property boom to hit after March 3
WA border reopening: Real Estate Institute of Australia tips Perth property boom to hit after March 3 21 February 2022 Matthew Hughes Article by: Kim Macdonald, Journalist Source: The West Australian February 21, 2022 Real estate’s national peak body has tipped Perth to be the nation’s property hot spot for international and domestic buyers after the reopening of borders. The Real Estate Institute of Australia predicts the WA capital will be the number one pick for buyers because of the strong economy, affordability and pent-up demand, which will heap pressure on prices. Perth-based REIA president Hayden Groves said WA’s strong economy would be seen as a safe haven for property investors, while new migrants would be drawn by its strong jobs offering. After Perth, he expects Brisbane and the outer suburban fringes in Melbourne and Sydney to benefit most from the influx of workers once international borders open. While predictions about Perth’s popularity vary, experts broadly agree it will be one of the more popular markets because its properties are the most affordable in the country. Within Perth, Mr Groves said the western suburbs were likely to be the most popular for those movi
Article by: Kim Macdonald, Journalist Source: The West Australian February 21, 2022 Real estate’s national… Read Article