Navigating Property Ownership in Perth: A Buyer's Guide

With the third-most affordable home prices in Australia, Perth is catching the eyes of many investors across the country. Low entry prices, excellent bang for buck, and major infrastructure developments in the city are creating a recipe for a property boom in Perth.

If you’re interested in acquiring property in Perth, you’ve come to the right place. Here, you’ll find a buyer’s guide to the Perth property market, with links to several other detailed articles on buying property in Perth, all outlined by Australia’s leading property advisers at Patrick Leo.

Greater Perth real estate analysis

To break down whether or not a city has great investing prospects, one should look at the following statistics. Perth’s real estate prospects look pretty great on paper:

• Median house value: $708,335
• Median unit value: $475,011
• Vacancy rate: 0.86%
• Year-on-year home price increase: 12.7%
• Population growth 2024: 1.18%

Low vacancy rate, a growing population and low entry prices are good indicators of a city’s investment prospects. To learn more about the dynamics of Perth’s property market, read our article here.

Emerging suburbs Perth

For investors who want high growth potential and are looking for a property to meet their negative gearing strategy, these emerging suburbs may be the right place to look:

• Balcatta
• Banksia Grove
• Belmont
• Bentley
• Golden Bay
• Gosnells
• Harrisdale
• Midland
• Greenwood
• Wellard

In this related post, we take a closer look at some of Perth’s emerging suburbs and the investment strategies that align with them.

Infrastructure development

Perth has some exciting infrastructure developments along the way, so if you’re looking at investing in Perth property, it’s a good idea to pay attention to areas that will significantly benefit from these upgrades.

$6 billion is being invested in Perth’s transport infrastructure, with 72km of new rail being laid and 23 new stations being opened. Suburbs such as Byford and Yanchep will be connected via train for the first time, and can be expected to see a rise in property value. We take a closer look at Perth’s infrastructure developments in this post.

Finding an expert property adviser to assist you in your Perth property purchase

Don’t be misled by the false idea that buying property to facilitate your financial ambitions is ‘easy’; it’s anything but. That’s why it’s crucial to work alongside an experienced property adviser who can help you find the right property to meet your goals. Patrick Leo explains further here.

Perth could very well be the answer to your investment question. If you’re interested in acquiring Perth property to suit your personal financial goals, get in touch with the team at Patrick Leo. We’re a team of property-buying professionals, with skilled researchers and negotiators to help you formulate your winning property investment strategy. Our team sits down with you, learns about your position and your goals and finds the best property for your needs. Start the conversation with Patrick Leo and say hello to a wealthier, happier you.