Xem thêm

Perth Property Market Hotspots: Prices Soar as Listings Plummet

CEO Khai Intela
The Perth property market is experiencing unprecedented growth, with prices reaching record highs and property listings at historic lows. Despite the challenges posed by the pandemic, Perth has emerged as the only Australian capital city...

The Perth property market is experiencing unprecedented growth, with prices reaching record highs and property listings at historic lows. Despite the challenges posed by the pandemic, Perth has emerged as the only Australian capital city to consistently witness higher property prices over the last year. This surge can be attributed to various factors, including infrastructure projects and established amenities that contribute to the city's desirability.

The Impact of Infrastructure on Property Prices

Infrastructure projects and well-connected suburbs are key indicators of areas that will see an increase in property prices in both the short and long term. Proximity to the coast, freeways, railways, and other infrastructure plays a crucial role in the capital growth of a suburb. Additionally, access to good school catchments and major hospitals further enhances the potential for future growth.

Buyer's agent Kate Hill from Adviseable recommends investing in affordable suburbs that offer short commutes to the CBD. The City of Stirling, for example, boasts numerous economic opportunities and proximity to the city, making it an attractive area for investment. The northern City of Wanneroo, with its national park and lakeside real estate, also presents a compelling case for affordable property investment.

Proximity to the Perth CBD is often a deal breaker and property prices are generally higher the closer you are to the city centre, but not always. Proximity to the Perth CBD is often a deal breaker and property prices are generally higher the closer you are to the city centre, but not always.

Emerging Opportunities in Perth's Suburbs

Federal government infrastructure projects in the southeastern transport corridor of Perth open up investment opportunities beyond the traditional northern and southwestern suburbs. While coastal areas are preferred, suburbs further inland also offer solid options for investment. Considerations such as budget, strategy, and property type may lead investors to explore suburbs east of Perth as well.

Middle Swan, an up-and-coming area, offers good returns on investment. Two-bedroom unit rental yields are as high as 7.6%, making it an attractive option for investors. The average asking price for houses in Middle Swan has steadily increased over the last three years, while remaining approximately $100,000 below the Perth average.

The Shifting Dynamics of Property Prices

Perth's property market has experienced dramatic fluctuations in recent years. High-end areas, such as West Leederville, which saw a surge in demand in 2022, have witnessed a substantial decline in asking prices. Areas once considered safe investments for potential high growth may experience market fluctuations and challenges if demand weakens or economic conditions change.

High-end property in Perth often takes advantage of sea or Swan River views but does not always represent value and prices can fall. High-end property in Perth often takes advantage of sea or Swan River views but does not always represent value and prices can fall.

Outlook for Perth Property Prices

Overall, Perth's property market has shown resilience and continues to exhibit positive growth. It remains the only capital city in Australia where property prices have remained steady or slightly increased. For Eastern states investors, the affordability and strong growth prospects make Perth an attractive option. However, the low stock numbers may pose challenges in the future, and homeowners in Perth will closely monitor market indicators to assess the likelihood of a broader economic recovery.

In conclusion, investing in Perth's property market requires careful consideration of various factors, including infrastructure projects, proximity to amenities, and emerging opportunities in affordable suburbs. While the market may experience fluctuations, the city's overall performance suggests a promising outlook for investors seeking returns, affordability, and long-term growth prospects.

1