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6 Reasons Why You Should Invest In Perth Real Estate

Why invest in property in Perth

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Why invest in property in Perth

6 Reasons Why You Should Invest In Perth Real Estate

Are you contemplating Perth as your next property investment destination? With its blend of economic vibrancy, great lifestyle and affordability, Perth has emerged as one of Australia’s most sought-after property hotspots for investors who seek lucrative opportunities beyond the traditional metropolitan hubs.

Here are 6 reasons why the property market in Perth is showing no signs of slowing down:

1️⃣ Strong Demand: Perth continues to attract both local, interstate and international buyers, driving up demand for properties across the city. Some of our target suburbs have a vacancy rate between 0.2%-0.8% and average days on market under 8 days!

2️⃣ Population Growth: According to recent data from the Australian Bureau of Statistics, Perth experienced the highest growth rate (3.6%) among all capital cities, welcoming an additional 81,300 residents in 2022-23. The influx of people arriving on temporary visas, such as international students, has been a significant driver of population growth, underscoring Perth’s appeal as an investment destination.

3️⃣  Economic Growth: With a thriving economy fueled by industries like mining, technology, and tourism, Perth offers ample job opportunities, making it an attractive destination for property investors.

4️⃣ Infrastructure Development: Ongoing infrastructure projects, such as the Perth City Link and Metronet rail expansion, are enhancing connectivity and driving property values in surrounding areas.

5️⃣ Lifestyle Appeal: From stunning beaches to vibrant cultural events, Perth boasts a high quality of life, attracting residents from other capital cities seeking a relaxed, yet cosmopolitan lifestyle.

6️⃣ Affordability: Compared to other major Australian cities, property prices in Perth remain relatively affordable, offering investors the opportunity to enter the market at a lower cost. It’s only the 6th most expensive city in all of Australia (only ahead of Darwin and Hobart), with some of the highest disposable incomes in the country

The latest report from CoreLogic Australia not only shows how Perth has significantly outperformed all other capital cities in growth in the last quarter, but also shows it’s still one of the most affordable cities in the country!

Don’t miss out on the opportunities in Perth’s booming property market!

Want to uncover the best investment pockets in Perth and explore off-market property opportunities? Schedule a call with us today to learn more.

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