Interstate property investment deluge in Perth
East Coast investors are drawn to the perfect storm that is pushing up Western Australia's house prices faster than in any other state.
Some of the most significant price growth has occurred in Perth’s northern and southern growth corridors, such as Mandurah (Image source: Shutterstock.com)
With the property market continuing to heat up in Western Australia, investors from interstate have shown an increasing interest in buying Perth property.
At a recent presentation to UDIA WA members in Perth, REA Group Economist Anne Flaherty said investor activity in WA had ‘surged’, with the portion of investors in WA property increasing by 53 per cent over the year to May 2024.
Admittedly, this surge is coming off a low base, given investors…
