Fresh research from Peard Real Estate shows that Perth is ripe for investment as evidenced by the 100% increase in buying enquires across their offices.
The state’s improving economy, rock-bottom property prices and greater employment opportunities are key reasons attributed to the surge in interested buyers.
“Perth’s property is the most affordable it has been in over 10 year and buyers all over Australia are recognising now is the time to take action” said CEO of Peard Real Estate, Peter Peard
News of Perth’s favourable property market is becoming common knowledge in the eastern states and people are taking advantage of our lowest buying prices in years.
There has been growing levels of enquiries from eastern states buyers who are considering relocating to Perth for employment opportunities due to the increase in new mining projects as well as property investors from Melbourne or Sydney.
One of Perth’s biggest drawcards is lifestyle as well as amazing weather. Perth is considered the sunniest Australia capital city with amazing beaches, sunsets, low pollution levels and an abundance of green spaces and fine dining options, these among others are all key selling points for agents.
It is a lot more affordable to own property close to Perth’s CBD than it is in Sydney and Melbourne. Owners and investors can purchase a property within a 15km of Perth’s CBD, something that comes with a hefty price tag in the eastern states.
This article is an extract of The Sunday Times article Interstate buys fix their sights on WA by Penelope Thomas.