Potential investors looking to enter Perth’s housing market should look to the eastern suburbs and get in now, according to a leading Perth building broker.
Latest data from CoreLogic shows Australia’s median property price dipped in December for the first time in two years, led by falls in Sydney and Melbourne, with some experts predicting a continued cooling of the national market in 2025.
However, Better Way 2 Build’s Mike King says investors shouldn’t be put off by the decline, because property prices will continue to go up in Perth this year.
“We haven’t seen the boom yet, in fact, the commodities sector has slowed and Perth property prices have still gone up. It only takes a slight shift in the commodities sector for prices to take off from here,” said Mr King.
As for where to buy, the State Government announced the release of hundreds of hectares of residential land in Eglington and Karnup late last year, in a bid to address a chronic land shortage, but Mr King suggests buyers don’t need to go that far to find a good investment.
“We hear a lot about the land shortage in Perth but there are options available to investors if they know where to look.”
“The best investment properties often don’t look like good investments, so it’s about doing the work and getting the right advice to find those little pockets of gold within our established suburbs.”
Mr King points to Perth’s eastern corridor as holding some of the top investment opportunities for 2025.
“There’s a lot of untapped opportunity in our eastern suburbs, where demand for housing is high and the larger block sizes allow for urban infill,” said Mr King.
“These conditions present opportunities for group developments for both home and multi-home developments, particularly because they are near the trainline and Perth Airport.”
Better Way 2 Build’s top suburbs for investment in 2025.
“More broadly, Perth continues to be a strong investment opportunity because people genuinely want to live here.”
“Post-Covid in particular, people have realised Perth offers a lifestyle that is hard to find anywhere else in the world so the demand for property here is not going away.”
Perth saw a nation-leading 19.1% price growth surge in 2024, but the median house price in Perth is still more affordable than Sydney, Melbourne, Brisbane and Adelaide, at $813.016.
“Perth remains affordable right now in the national context, and the rental yields are strong.”
“Don’t wait. One of the biggest mistakes you can make in property investment is waiting for the perfect conditions to buy, when investment is more about time in the market, not timing the market.”
“Get your finance sorted now because there is no better time to invest in property in Perth,” said Mr King.
With 30 years’ experience in the building industry, Mike King founded Better Way 2 Build in 2021 after recognising a gap in the market for helping people navigate through each stage of the building process – from planning to finance to handover. Better Way 2 Build brings together a trusted group of industry experts to advocate for their clients and ensure that every project is handled with the highest level of expertise and integrity.
About Better Way 2 Build
Better Way 2 Build are Perth-based building brokers, and we help people who are building a new home get through the complicated and sometimes risky process of building a new home. We walk alongside our clients right throughout their home-building journey and support them from initial planning through to the completion of their new home. We coordinate their home construction process, so they sleep easy at night knowing they’ll get a top-quality home at the best possible price, delivered on schedule. Here at Better Way 2 Build, we go the extra mile to understand your unique requirements, including your budget and ideal design. Our values are a big part of who we are, so we commit to listening before we talk and delivering what we promise. We’re your trusted advocate as you go through the significant investment of building a new home. We’re professional independent building consultants who work for you. We aren’t affiliated with any builders and are there to give you unbiased advice about the design and build of your new home. Our mission is to reduce the stress of building a new home and help you get value for money. Because we’re experienced in the home building industry, we also know the pitfalls to watch out for. Our services are paid for by the builder, so our time and expertise come at no extra cost to you. This means your home will cost the same, or even less than you’d pay directly to a builder. Plus, you get peace of mind knowing you have an experienced and independent building expert in your corner throughout the building process.
Mike King is available for interviews.
Media ContactCompany Name: Better Way 2 BuildContact Person: Mike KingCountry: United StatesWebsite: https://betterway2build.au/
