Ensure you never miss an issue of the
real estate business bulletin
Mining industry pushes Perth property skywards

Mining industry pushes Perth property skywards

by Reporter 0 comments

Once boasting the lowest property prices in Australia, Perth is now a booming metropolis with property sales and values rising every month.

In 2002, the average price of a family house in the Western Australian capital was $190,000.

However, since that time, property prices in Perth have climbed steadily on the back of a strong economy and multi-million dollar mining deals.

Recently released figures from RP Data show that the average house price in Perth is currently $430,000.

RP Data’s national research director Tim Lawless said now is the time to buy properties in the resource driven state.

“Timing is crucial – buying into a resource driven market early is the key to strong capital gains and getting out at the right time is also critical,” Mr Lawless said.

“For those investors who get it right there are some spectacular gains to be had by investing in resource driven areas.”

le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
Mining industry pushes Perth property skywards
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

With a combined sales volume of over $14 billion in 2017, the Top 100 Agents ranking represents the very best sales agents in Australia. Find out what sets them apart and learn their secrets to success.

featured podcast

featured podcast
Removing financial risk and increasing buyer interest

ListSure is a service that aims to take the financial risk out of selling a property. It achieves this by providing a unique finance and ins...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Perhaps - make me an offer
Do you have an industry update?