Perth is Australia's No.1 recovery market. After four years of downturn, during which prices and rentals declined, the Perth housing market has moved strongly into a recovery phase. The underlying Western Australian economy is improving, the resources sector is reviving and jobs are being created again.
Activity in the Perth property market started to pick up in the second half of 2017 and now has serious momentum. This is likely to deliver price growth in 2018, hence it is the optimum time to buy in Perth, with prices still low and little competition from other investors.
Get the new edition of Top 5 Perth Hotspots 2018 to find out the best places to buy in this rising market.