Okay: we know that, as Free Sale Appraisal, we would not be expected to say anything different. Nonetheless, we believe that investing in Western Australia is the best investment in Australia. So, why do we believe that Western Australia is such a sound investment?
Population Growth
Western Australia is the fastest-growing and largest jurisdiction in Australia, with a population of over 2.3 million people. Perth is a cultural and tourism hub, with solid infrastructure and efficient transport. Thanks to the mining boom, WA is the fastest-growing state in Australia, and Perth is reaping the benefits from that growth. According to current projections, Perth will gain as many as 500,000 new residents by 2031.
Strong Economy
Western Australia’s mining boom has made us the state with the strongest economy across Australia. The mining boom has had a great effect on the WA economy, and there is no end in sight. Both China and India are undergoing major projects which will require massive amounts of natural resources. Luckily, WA has all of the resources either needs, and is the closest source of those resources for either country. The end result is that the WA economy is outperforming virtually every other state or territory in almost every metric currently used.
Strong Tourism Industry
Perth is regarded as one of the most livable and beautiful cities in the world, especially by nature lovers. There is something for everyone in Perth, from sports, to rock concerts, to art and cultural events. Perth has the strongest central business district across Australia, sporting higher occupancy rates and room yield rates.
Perth consistently finishes near the top of any tourism rating, and is supported by the many international companies headquartered here.
Putting it all together:
When you add all of the positives together, investing in Western Australia, especially the Perth area, looks like a great value proposition. With so many factors contributing to growth, and to a healthy economy, the future of WA and Perth looks secure for years to come.
If you would like to find out more about investment property in Perth, call 1300 472 427 today.
