Hi I love Perth as it is a great city..
I would like to find out from fellow investors where do you think are areas worth investing in Perth?Your valuable replies are much appreciated!
I’m not sure now would be a good time to invest in Perth as it has just hit the peak of a boom I think. I could be wrong but this is what I’m reading. Properties increase 30% plus last year. I don’t think there will be a lot of growth there in the short term.
Julie
Property Conveyancer
Melbournethanks Julie!
as i am a foreigner what are the stuffs i need to take note?
like stamp duty?
property tax?
transactions restrictions?Thank you!
Hi,
I live in Perth and yes it is a fantastic city.
However as Julie has pointed out we have just come to the end of a boom. Higher priced properties are still selling well. Some lower priced areas are seeing a price adjustment due to over valuations and sellers still having the expectation that because prices went crazy last year, they still are.
Many investors in Perth like me are now looking elsewhere to invest.
If, you still decide it is what you want to do then I would suggest stay looking in suburbs close to the coast or the river that are likely to continue to see some reasonable sustained growth. Many “experts” are talking about 5-7% growth overall and maybe up to 10% in the “good” areas as aboveJebro
jebro
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