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Why investors should seriously consider WA



Western Australia is a good investment location for a number of reasons.

  • Strong economy: Western Australia has a strong economy, with a gross state product of $320.7 billion in 2020-21 (16 per cent of Australia's GDP). The state is home to a number of major resources companies, including BHP, Rio Tinto, and Woodside Energy. These companies are investing billions of dollars in new projects, which is creating jobs and driving economic growth.

  • Diversifying economy: Western Australia's economy is not just reliant on resources. The state is also home to a growing manufacturing sector, as well as a thriving tourism industry. This diversification makes the state's economy less susceptible to shocks.

  • Affordable property prices: Property prices in Western Australia are significantly lower than in other parts of Australia. The median dwelling price in Perth is $550,000, which is almost half of Sydney's median dwelling price of $1,217,308. This makes Western Australia an attractive investment location for those who are looking for a good return on their investment.

  • High rental yields: Rental yields in Western Australia are also higher than in other parts of Australia. The average rental yield in Perth is 5.2 per cent, which is significantly higher than the national average of 3.9 per cent. This means that investors can expect to generate a good return on their investment from rental income.

  • Population growth: Western Australia is a growing state. The population is expected to grow by 15% over the next five years. This population growth will create demand for housing, which will benefit property investors.

  • Infrastructure investment: The Western Australian government is investing heavily in infrastructure projects. This includes the construction of a new airport in Perth, a new railway line to the Pilbara region, and a new tunnel in the city centre. This infrastructure investment will make Western Australia a more attractive place to live and work, which will benefit property investors.

Overall, Western Australia is a good investment location for a number of reasons. The state has a strong economy, a diversified economy, affordable property prices, high rental yields, population growth, and infrastructure investment. These factors make Western Australia a sound investment for those who are looking for a good return on their investment.

Here are some specific areas in Western Australia that are good for investment:

  • Perth: Perth is the capital of Western Australia and is the state's largest city. The city has a strong economy and a growing population. Property prices in Perth are relatively affordable, and rental yields are high.

  • Fremantle: Fremantle is a port city located in Western Australia. The city has a rich history and culture, and it is a popular tourist destination. Property prices in Fremantle are slightly higher than in Perth, but rental yields are also higher.

  • Canning Vale: Canning Vale is a suburb located in Perth's northern suburbs. The suburb is home to a number of major businesses, and it is also a popular residential area. Property prices in Canning Vale are relatively affordable, and rental yields are high.

  • Mandurah: Mandurah is a coastal city located in Western Australia. The city is popular for its beaches and its proximity to Perth. Property prices in Mandurah are slightly higher than in Perth, but rental yields are also higher.

  • South Perth: South Perth is a suburb located in Perth's south-eastern suburbs. The suburb is home to a number of parks and gardens, and it is also a popular residential area. Property prices in South Perth are relatively high, but rental yields are also high.

These are just a few of the many areas in Western Australia that are good for investment. If you are considering investing in property in Western Australia, it is important to do your research and to consult with a financial advisor.

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