Property investment in Perth seems to be the main topic of investment discussion in Perth homes and businesses. Perth property vacancy rates are about 5%. The shortage of property in Perth during the mining boom had caused median property rentals to outpace the consumer price index but with a building boom and down turn in the mining industry , demand for property in Perth slumped in 2015. Some of the thousands of workers which had arrived in Perth over the past decade are now leaving. I've lived in Perth long enough to have seen cycles such as the nickel boom and other resources booms. With a current buyers market, it's a good time time for investors to buy, sit tight and wait for the next boom.
With about 15% of known Chinese property investment in Perth, the Perth property market had been hot for a long time. Getting Australians to invest in buying Perth property such as houses and commercial property, on behalf of foreigners without aproval can be against the law of Australia.
Long term property investment Perth wide and Western Australia's mining towns will return a steady cash flow with good capital gains. Exceptions are towns where resouces companies have decided to move their works out of town into their own donga camps. If you are an international property investor into Perth, know that Western Australia has a high Standard and Pores triple A rating, meaning it is more likely you'll get approved loans from financial institutions , wanting to minimise risk and at
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.
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.
$500,000 was the average house price in
Western Australia in 2020 according to the ABS. That housing stats price is
about right for Perth too.