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West is best: why its time to turn to Perth’s property market
West is best: why its time to turn to Perth’s property market 12 April 2018 Matthew Hughes Article by: Matthew Hughes, Founder & Managing Director of Capital Property Advisory Following reports that Perth’s property market was heading for recovery in the final quarter of 2017, the market continues to show strong signs of stabilisation in the first few months of the new year. Paired with increasing indicators WA’s economy is picking up after a recent downturn, it’s becoming impossible to deny the potential Perth’s property market holds for investors in 2018. Positive signs for Perth property investors With REIWA advising the median house price increased over the last month, the continued recovery of Perth’s housing market isn’t the only sign WA is back on the road to recovery. After peaking in 2016-17, full-time employment rates have been picking up since October 2016, with REIWA announcing a 3% job growth across 2017. This increasing confidence in WA’s economy has also been reflected by a steady growth in household consumption over the past year, as well as a 1.3% rise in State Final Demand. Perhaps the most positive sign for those looking to invest in WA’s housing market, however,
Article by: Matthew Hughes, Founder & Managing Director of Capital Property Advisory Following reports that… Read Article