Interstate interest is at all-time HIGH for well-priced coastal properties in WA
By Brett van Son – Property Consultant Abel Property
Here is a snapshot of a recent sales of ours; We just recently listed a home for sale in the coastal location of Rockingham and the interest was incredibly high. What was apparent was the very high interest and demand from the east coast of Australia. We had strong interest from the from Sydney and Melbourne but ALSO the ACT which was very interesting. Overall, we had 41 enquiries to this property with at least 11 of the enquiries coming from the east coast.
I have some clients who live on the east coast and in talking to them it appears quite clear that the investor market is starting to look at other property opportunities out of Sydney and Canberra. The press over there do indicate that the rental yields in Sydney especially do not stack up considering rising property values for investors. Perth then starts to become very attractive. It is still very affordable rents are strong and in demand and Perth market and economy overall is good with job prospects.
We look forward to bringing future behind the scenes bloggs about future sales to see why, how and who these properties go to.