Perth Real Estate
View Perth and Western Australia Real Estate
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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Perth Real Estate prices has been driven by the Western Australian economic boom in mining, construction and services.
Continued and predicted growth of the minerals exploration and mining industry, infrastructure and building construction and service industries will attract more people to Perth from overseas and eastern states to take advantage of high wages, employment and skills shortages, and other business opportunities that currently exist in Western Australia.
With an increasing number of people arriving in Western Australia for work, to set up new businesses or company staff relocating to Perth, real estate prices have increased markedly with the continuing demand for housing out stripping supply combined with the lack of available homes and land releases.
Rental vacancies are at a historic low and rental rates have increased significantly
Increases in the interest rate have only led to a stabilising of the mediam prices of houses, apartments and units but rental rates continue to trend upwards.
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Market sentiment for real estate has also reached a peak and is trending downwards. With expected increased activity in the mining industry and flow on effects to other industries the potential for increased real estate values is very real.
A number of Perth suburbs have experienced increases of over 50% in the value of property during the last year. Beach side suburbs, suburbs near the river and inner city suburbs are the most sought after and have experienced the greatest increases in value
Suburbs within 5 kilometres from the beach have generally risen 20% to 30%. Many under valued suburbs with the potential for growth or offer affordable housing are still availble further away from the city centre and beaches.
Regional Western Australia cities and town have also increased substantially in value, especially those located near major mining and infrastructure projects.
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Summary:
Stabilised housing values with beach, river and inner city suburbs continuing to increase in value. May experience a small percentage drop in price
Factors Against:
Unexpected interest rate rise, sharp downturn in commodity prices / share market, loss of investor or buyer confidence, accelerated land releases and housing development.
Factors For:
Lower than expected inflation figures, stable interest rates, predicted 5 year plus economic boom cycle, increase demand for housing from overseas and eastern states perons for employment, continuing skills and employment shortages, major companies relocating to Perth.
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Perth Real Estate information on Biding.Com.Au
272 Perth Suburbs
15 Western Australian Country Side Towns and Cities
Last Updated: October 2007 - Next update due July 2008.
Note: Suburb information should be used as a guide only and may vary between updates. For current data for a particular suburb or country location please contact one of the listed Real Estate Agents which specialise in that location.
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 Update January 2008: Perth Real Estate, Adelaide Real Estate and Melbourne Real Estate information has been completed, a total of over 920 suburbs and towns with maps. -
Now adding Real Estate Agents, Restaurants and Accommodation for Perth, Adelaide and Melbourne.
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