A city of beautiful beaches, a booming economy, and safe investment opportunities
Discover Perth's Real Estate
Being the capital of Western Australia and the fourth most populous city of the country, Perth is the heart and soul of the state’s economy. The greater metropolitan area of the city is home to more than 2 million people. It is regarded by many as one of the most livable cities in the world due to its speedy development in the fields of commerce, education, and entertainment. Perth is a hotspot for investors in many different niches, including real estate investors looking to dip into a profitable market.
Culture, History, and Business
Founded in 1829 as the administrative nucleus of the Swan River Colony, Perth was bestowed with the city-status in 1856. The historical roots of this city, however, go way back. The region, previously known by the Boorloo, has been home to Aboriginal Australians for the better part of around 38,000 years.
The colorful culture of this city is a major tourist attraction. Due to the rich historical heritage nurtured and conserved by years of Aboriginal inhabitants, there is no scarcity of cultural landmarks in the region. In the fields of arts and entertainment, Perth is at the top of its game. The sheer number of art galleries, theaters, and studios will astonish you. Moreover, sport is an integral part of the city’s culture. Its climate is perfect for year-round outdoor activities. Some of the notable attractions in Perth include the beaches, Kings Park and Botanic Garden, Fremantle, and Rottnest Island.
Around half of the job market in Perth is dependent on a few primary industries, including technical services, public administration, mining, and healthcare. Agriculture and tourism are also integral to the city’s economy. Due to its role as the capital of Western Australia, Perth is considered one of the most rapidly growing cities in the world in terms of economic development. The region has seen over $9 billion worth of construction activity over the past decade, a sign that real estate investment in the city is offering decent returns on investment.
Real Estate Appeal
Property prices in Perth have tripled from 2,000 to 2014. With a rise of 3.6% in the property index during the second quarter of 2014, things in the real estate market have looked very promising in recent years. Despite a slight decline in the mining sector of Western Australia, the demand for houses in the city of Perth has been rising.
Property prices in the city are significantly below other major Australian cities, making affordability a key attraction towards this market. With the rental conditions also showing signs of strength, good investment opportunities are available in the region.
A slight drop in Perth’s property prices over the last few months indicates that now may be the right time to crack an absolute bargain of a deal. Also, with the recently growing popularity of crowdfunding in Australia, the real estate market is open to investments of all shapes and sizes.
Explore Perth's Real Estate
Local Real Estate Experts
Attractive Investments In Perth
📍Over 9,325 investors explored Perth