Perth property market
Insider knowledge for smart investors
Get valuable insights into the Perth property market to help make the best property investment decision for you.
If you’re thinking about investing in Perth property, understanding the local property market is essential before you make an investment decision.
We are experts in the Perth property market and constantly analyse trends and forecasts to offer the highest quality insights for your property investment decisions.
Perth is one of the sunniest and most affordable of Australia’s capital cities. With a mix of urban amenities and close proximity to natural beauty and beaches, migration to Perth is steadily increasing as it attracts businesses and individuals from across WA and Australia.
Perth is one of the most affordable capital cities to purchase property in Australia. The market peaked in 2014 and property prices are currently down. However, trends indicate that the market may enter its growth phase in the next few years.
There’s no doubt that growth in property prices in Perth has slowed in recent years. This is largely due to the state of Perth’s economy, unemployment figures and an oversupply of apartments. It is likely that Perth’s housing market has reached, or will soon reach, the bottom of its cycle.
This means that despite headlines of decreasing prices, we can expect a slow improvement over the coming years, supported by investment in infrastructure and job creation for WA.
Perth is no different from other property markets in how important it is to look closely at individual suburbs that may divert from big picture trends. As the housing market enters its growth phase, many investors are positioning themselves to benefit from the improvements in the market. As the conditions in Perth stabilise, real value can be found in properties close to schools, transport links and local amenities.
Last year 50,000 jobs were created Perth with WA showing the strongest growth in employment across Australia
Perth house prices are expected to grow by an average of 10% by 2021
There has been strong price rises across 12 suburbs in Perth, largely at the higher end of the property market. The most expensive homes in Perth increased in value by 1.5% in just one quarter of this year. In fact, the inner city and south-west suburbs of Perth are predicted to lead the recovery of the city’s housing market over the next couple of years.
In this environment, it’s important to define and plan for your personal financial goals. If you’re looking to invest in the long term, Perth may be an excellent choice due to the affordability of homes in some of the city’s most desirable locations.
Spend an hour with a property expert to explore which investment option is best for you.
Australia’s housing market is made up of lots of micro-markets across cities and suburbs. There are dozens of factors that impact these markets, including infrastructure, economy, population and job availability, and local developments such as new schools, businesses and amenities. We conduct in-depth research to find the next high growth areas for your investment.
The best way to find out which area is most suited to you and your financial goals is to speak with one of our advisers with our free personalised advice service. You’ll receive a comprehensive investment report tailored to your personal financial circumstances and goals. This includes the type of investment that suits you, where you could buy, and how much you could expect to profit.