The affordability of the Perth property market, combined with impending growth in the WA economy, is why the outlook for the Perth property market is positive for 2017.
With a median house price of just $510,000, professionals believe this is the time to hone in on Perth’s growth suburbs to upgrade or purchase a new investment property.
Overall, the number of properties listed for rent and for sale has started to stabilise in Perth and this is generally a forward indicator that the market has bottomed.
Suburbs to watch in Perth that experienced the most growth in 2016 include:
Swanbourne
North Coogee
Claremont
Coolbinia
Dayton
According to Smart Property Investment: – 10 Affordable Perth potential hot spots for 2017:
Two Rocks
Yanchep
Butler
Midland
Forrestfield
Armadale
South Lake
Bertram
Baldivis
Safety Bay