Investors flock to regional Western Australia
The southwest corner of Australia is delivering enormous capital growth in the face of an extremely tight rental market.
Esperance rents have gone through the roof in the past 12 months. (Image source: Shutterstock.com)
The southwest regional centres outpaced all other regional Western Australian property markets in the June 2024 quarter, according to new data from REIWA.
Busselton
led the way with its median house sale price rising 6.0 per cent to $795,000, up from $750,000 in the March quarter.It was followed by Bunbury
, which saw a 5.5 per cent increase in its median house sale price to $517,000.Annually, the placings were reversed. Bunbury recorded the …
