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Article: East Coast investors see value in the West.
- Article from:
- Australasian Business Intelligence
- Article date:
- August 10, 2003
CopyrightCOPYRIGHT 2003 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Aug 10, 2003 (The West Australian - ABIX via COMTEX)
In the first three months of 2003, the median house price in Perth, Western Australia, was $A202,600. This compared with a median house price in Sydney of $A460,000 where rental properties are returning only four per cent, compared with the five per cent return in Perth. These two facts, combined with the increasing difficulty first-home buyers are having buying properties, are attracting an increasing number of eastern States investors to look at the Perth property market. As well, property prices in Western Australia are ...