Is it time to Invest in Perth?
Since the end of the Perth property boom in 2007, in real terms, the median house prices have decreased by 15%. Our latest research and leading indicators are showing that Perth is entering into a new growth phase.
With vacancy rates falling from over 4% to just 0.6% as at January this year, combined with rental rates increasing, there is a positive impact on investment returns.
There is an ample amount of infrastructure being spent in regions throughout Perth which we expect to have a profound impact on employment and population growth. Perth economic strength still remains in the mining sector and provides a source of stable and strong growth. All property fundamentals seem to be lining up for this property market. The high demand for jobs within the miming sector can be seen in the news story as reported recently on the Today Show: