This article by Sarah Brookes from WAtoday talks about Perth being a hunting ground for property investors - https://www.watoday.com.au/national/western-australia/perth-a-hunting-ground-for-property-investors-going-for-profit-over-proximity-20231115-p5ek4w.html.
In 2022, the average distance between a landlord and their investment was 857 kilometres - in 2023 this has almost doubled, largely reflected by East Coast investors selecting Perth as their preferred property investment location.
Some of the legislative decisions in the East Coast such as Brisbane and Melbourne has made investors look at Perth as an investment-friendly alternative with median prices at $650,000 providing great value.
Check out the 4 Perth suburbs in PropertyDirector's 10-year capital growth chart below - Willagee, Joondalup, Ellenbrook, and Seville Grove. All continue to grow, and as you can see we are still seeing attractive increases between 2022 and 2023.
Prices in Perth are still to hit their peak based on the market sentiment.
