WA Property Market
Demand for property in Western Australia is seriously heating up! The number of listings available is decreasing and days on the market are at record lows. It’s the perfect time to consider investing in West Australian property because weekly rents are on the rise and the vacancy rate is at an all-time low. Plus, with the lowest median house price in the country, WA offers the highest rental yields for investors, making the west coast a super appealing option for property buyers.
The Peel Region
Western Australia’s Peel region offers a diverse range of physical features and ecosystems, making it a popular natural adventure playground. It’s less than an hour’s drive from Perth and stretches from the Indian Ocean coastline to the Darling Scarp. The region includes the waterside city of Mandurah, which is the second-fastest growing regional city in Australia. Despite being the state’s smallest region, Peel is one of its fastest growing population centres.
It offers an enviable lifestyle with vast estuaries, winding rivers, forests and national parks, and presents opportunities for workforce skills innovation, industry growth and economic diversification. The economy supports an estimated 44,361 jobs, with mining being the largest contributor, followed by stable manufacturing and construction service industries, and agriculture. Mandurah is the regional business hub, and retail is a significant employer.
The mining sector is the largest value-added contributor to the Peel Region’s economy, estimated at $1.811 billion.
Top 3 reasons to consider investing in Austin Lakes, South Yunderup
• 6.7% Capital Growth. (12 month capital growth – houses, December ’21 – December ’22)*
• Strong Rental Yield of 5.1% – 6.5%*
• Exceptional range of house and land packages from WA’s leading building companies.