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

Property News

WA is Australia's strongest residential real estate state

April 30, 2012

The resource explosion in Western Australia has seen positive economic outcomes for a range of industries across the state - not least of which is residential real estate.

According to a report from Commonwealth securities, WA is showing all the signs of leading the way in terms of the country's employment statistics, retail figures and construction projects.

Over the last three months of 2011, the economic output from the state was up by 32 per cent when compared to the average level of activity it delivered over the last decade.

Translating this across to housing markets, this means that more workers have access to higher wages - and still others are looking to get a piece of the action.

As demand for space grows, so too does the market opportunities - investors interested in putting their properties up for lease may be able to realise a substantial return, while buying a house in certain regions could also be a wise investment move.

Commenting on the opportunities available to the country as a whole, prime minister Julia Gillard recently stated that Australia's economy is fast becoming the envy of its developed counterparts, with some peers perhaps being willing to "cheerfully chew their right arms off" to be in a similar position.

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