Perth's property investment market has proven to be an excellent way of keeping inflation at bay.
You don’t have to be a seasoned property investor or own multiple properties to invest in property. First time home buyers can also own investment properties in Perth.
Before investing in any market, you just have to know what you are doing and that means seeking knowledgeable advice from informed sources, and making sure you have all your financials in order.
That’s why we have a team of specialists on hand (and on the ground), to make sure all the information you receive is accurate, credible and useful.
About Perth's Investment Properties Market
Perth is Australia’s fastest growing city and combines coastal living with city apartments in a multicultural hub of activity. Despite being previously known as one of the most isolated capital cities in the world, Perth is fast becoming the business-hub of the country due to its close proximity to many destinations in Asia – which is Australia’s major trade area – as well as the fact that it shares the same time zone as 60 percent of the world’s population.
When it comes to investment, properties are still regarded as one the most solid investments as it is more reliable and less of a risk than the stock market. This is especially relevant for those mid to long term investments.
According to REIWA, the suburb of Upper Swan grew by an incredible 36% in the 12 months to October 2016. More modest gains are more common in areas such as Kallaroo, Ardross and Bullsbrook showing increases of around 10%, staying well ahead of the inflation rate and offering excellent returns for property investors.
With Perth’s economic growth continuing on its ascent, and people flocking to Perth to take advantage of the many job opportunities, the demand for property has increased. While many people buy property as a home first, they also want to see the value of their asset increase as the years go by, so that should they decide to sell, they will receive a good return on their investment.
The stock market is unpredictable and the risk high, other investment funds often promise you great returns but this does not always happen. Long term property investment has proven itself as one of the safest and investments you can make.
At Property Investors, we are privileged to be able able to offer a range of unique investment opportunities to you.
Perth (as well as Brisbane, Melbourne and Sydney are on investors’ hotlist, but if you are looking to get more value for your money, investment properties in Perth may give you better return for a number of reasons.
With the slowing down of Western Australia’s mining industry, investors have feared a slowdown in housing demand. But, the city continues to defy these negative expectations and continually posts slow to moderate increases in house prices.
A slowdown is not always a bad thing. Often it’s the perfect opportunity to grab a bargain. You can find a decent two-bedroom for less than $400,000.
High Rental Yield
While Perth can’t currently match Sydney in terms of market growth, it can provide higher gross rental yields.
Investment properties in Perth regularly show comparatively higher gross rental rate than those in Sydney and Melbourne (5.82%, 5.14% and 4.83%, respectively) - thanks to the city’s competitive property prices, rising rental rate, and shortage of rental properties.
Perth’s rental yields continue to strengthen, while at the same time, Sydney and Melbourne’s decrease.
Given these conditions, it might be just the right time to take advantage of Perth' investment properties market before the rest of the country realises just how cheap Perth has become when compared to Eastern States cities.
Rising Property Demand
Perth is Australia’s fastest growing city in terms of population. In 2013 for instance, the population reached around 2.02 million and that number is expected to double by 2040.
From this data alone, you can expect Perth’s properties to increase in value several years from now - making it the perfect investment for the long haul.
With the rapid increase in the Sydney and Melbourne property prices recently, Perth is quickly emerging as the next, most attractive growth market in Australia.
Beat the surge of investors and take advantage of the best buying conditions we have seen in a decade.
Government Investment in Perth
Perth, and in-fact the state as a whole, can attribute it’s high growth over the last decade to the large resources boom that was experienced in the north of Western Australia.
Since 2011, 1500 new people arrive in WA per week and one in three people living in WA were born overseas – the highest proportion of any area nationwide. This ever-increasing population growth means that Perth’s property market is also one of the strongest in the country.
It is because of this that Perth has experienced an increasing demand for housing, with an additional 13,500 new houses being built on average every year to meet this demand.
The resources boom has undoubtedly brought people flocking to the ‘State of Opportunity’ and the Western Australian State Government has invested more than $17 billion in infrastructure projects across the city. This includes flagships such as the Perth City Link, Elizabeth Quay and the new Perth Stadium.
Make the Right Property Investment Decisions
At Property Investors, we offer a variety of property investment solutions in this exciting city, from buying a house and land package to building a brand new home.
We can take care of the entire deal for you and, whether you live in the home or rent it out, it will be an excellent investment.
When it comes to finding the investment property solution for you, speak with one of our Perth-based investment property specialists who will make sure you have all the necessary property market information at your fingertips.