Investors looking for a sound return on their investment should look at the Perth property market, Hegney Group’s executive chairman Gavin Hegney has claimed.
While property prices in the Western Australia capital have been fairly sluggish of late, Mr Hegney said the resource boom should turn things around soon.
“Perth is on the radar as being the nation’s next hotspot or growth city,” Mr Hegney said.
“We are seeing money come out of Melbourne and go to Western Australia. Melbourne has had a good run, but now investors are looking for the next hotspot and the focus is on Perth.
“The expected resources boom will push up prices in the area over the coming 12 months, which means buyers will see a good return on their investments.”