1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar

Property News

'Hot' investment potential in WA

February 02, 2012

The weather is not the only thing heating up Western Australia. Construction projects in the state account for one-third of all of Australia's planned or current projects, according to a report released by the Deloitte Access Economics December quarter 2011 Investment Monitor.

As the temperature reaches record highs, the investment funds continue to flow to the region.

State treasurer Christian Porter acknowledged the pressures of global financial markets but stated: "Western Australia continues to lead the nation with solid investment growth."

The January extremes, reaching as high as 48.4 degrees in Forrest, has not phased the work effort, with $89.5 billion worth of projects already under way. Adding 'committed to' projects to the number equals $140.1 billion put towards a range of facilities including infrastructure, health, transportation and entertainment.

Much of the economic potential in the area comes from the natural resources sector, with mining projects in Australia accounting for 46 per cent of the nation's total investment.

If you are looking into residential real estate and love a hot summer, WA might be just the place to invest in property.

Related Articles

Perth house prices reach new record high

Residential property prices have reached a new high in Perth, with the latest figures showing the ...
read more

Perth residential real estate developments reach milestones

A major residential property development earmarked for Perth's Burswood peninsula reached a ...
read more

Rental squeeze continues in Perth

The average price of a rental property in Perth continues to rise, recent data shows - a trend that ...
read more

Latest Articles

How is Australian investment faring?

Looking at the investment property market, it appears that the industry is thriving. The Australian ...
read more

Council calls for property reform

Buying a property comes with a wide range of fees and taxes, depending on where you buy and the ...
read more

Home values just keep on rising

Despite an alleged peak in home building having passed and a cooling in growth, there is still a ...
read more