- Eleven suburbs have joined the $1m median house price club as values continue to climb in Perth.
- Ridiculous growth – Properties that were $200,000 are now $450,000 in 3-4 short years
- Average rental yields of 5% for new and existing properties. Yields for comparable properties on the East Coast are now averaging 2%. In simple terms, It’s great bang for your buck.
- A relatively low price point allows for much larger capital gain potential, and keeps your debt low. This is a must as interest rates continue to accelerate.
- 1 in 10 Young Australians are moving to Perth due to its relaxed lifestyle – Mind you, this is interstate migration, not overseas migration…
- Overseas migrants and skilled visa holders are looking to live in Perth permanently due to favourable migration legislation.
- Perth is much more attractive to Asia from a proximity point of view – Much shorter flights to Bali, Singapore, Sri Lanka, and India.
- COVID-19 remote working boom – Perth time zone is a huge benefit for remote work, as Asian and European time zones are much more in line with Perth when compared to the East Coast.
Here’s a property for sale in Perth…
- Price: $340,000
- Rent: $450 p/week
- Address: Just 40 minute from Perth CBD
- Build Date : 2015 – 7 years
- Land size: 206 sqm
- Bed / Bath / Garage: 3 / 2 / 2
- Rental Yield : 7%
- The property is centrally located, with multiple shopping centres located in close proximity, including:
- The Beach just a 5 minute drive or 3km away