Property investment in Perth seems to be the main topic of investment discussion in Perth homes and businesses. Perth property vacancy rates are about 2%. The shortage of property in Perth has caused median property rentals to outpace the consumer price index. High demand for property in Perth stems from the massive Western Australian resources boom. Thousands of workers arrive in Perth every day needing rental properties for their Western Australian mining industry fly-in-fly-out jobs. This is an opportunity for property investors in Perth to invest in the Perth property market while prices are affordable in the wake of the GFC.
I've lived and invested in Perth property most of my life but have never seen such a massive boom in Perth, even bigger than the nickel boom in the 70's. Statistics Perth Property investment Perth wide and Western Australia's mining towns will keep returning a steady cash flow with good capital gains. If you are an international property investor into Perth know that Western Australia has the highest Standard and Pores triple A rating meaning it is more likely you'll get approved loans from financial institutions wanting to minimise risk.
Currently the best property investment near Perth is at Onslow near the Cheveron northwest Wheatstone gas project.
Government Financial Assistance for Property Investment Perth
Through property investment support schemes such as the Australian Government's NRAS (National Rental Affordability Scheme) certain areas in and near Perth are designated for house building property investment growth to accommodate key public service and community development personnel. Phone 0439145067 for NRAS government property investment support in Perth.
Long term forecast for property investment in Perth remains good. The rental shortage is expected to continue in Perth, Brisbane, Sydney and other Australian cities making long term property investment in Perth as solid as bricks. Superannuation rules can change. With the trend of baby boomers living separately, demand for property including apartments will also increase. Australia has a stable political climate making property investment in Perth a good investment.