Sydney, Melbourne investors targeting Perth's double-digit growth
With Perth property price growth widely tipped to exceed 10 per cent in 2024, Sydney and other interstate and international investors are finding the temptation irresistible and flocking to the city's real estate.
Perth property, including beachside suburbs like Trigg, are riding a wave of interest from investors around the country. (Image source: Shutterstock.com)
Sydney, Melbourne and overseas buyers are setting their sights on Perth’s property market, which is widely anticipated to rise by another 10 per cent or more in 2024 after doing the same in 2023.
Properties are selling at a record pace in the West Australian capital, with a median selling time of a lightning quick eight days.
That’s twice as fast as this time last year and is being driven by a chronic shortage of properties on the market.
Ther…
