The previous data shows the decline in the prices of properties in Perth. Some of you guys must have heard about this news, making you rethink about your decision to buy a property in Perth. However, there is also recent data, signaling the rise of housing prices in Perth.
Does this mean that Perth’s housing price is unstable? Well, if you look at the history of the real estate market, you will see that housing prices always fluctuate now and then. It is nothing new. Keeping that fluctuation news out of the way, we will answer the question, “Is it wise to buy a house in Perth?” in a rational manner.
Will I regret it if I buy a house in Perth?
Let’s discuss some facts before moving forward. Perth is a capital city of Western Australia. The recent figure shows that the population growth of Perth is over 3%. It has now crossed 2 million residents. The higher population growth will lead to the rise in the value of house and land packages.
Another critical factor is economic growth. The recent news has shown that Perth is a driving force behind the economic growth of Western Australia.
Now that you are aware of the fact that Perth is moving in the right direction let’s check out some other strong reasons to purchase a house in Perth.
- Amazing Job opportunities
You will never have to worry about not getting a job after moving to Perth. I’m serious. Western Australia is already full of, and job growth is not stopping. The study shows that Western Australia tops the increase in full-time employment in an entire nation.
The GDP per capita of Western Australia is $82,653, which is way above the national average of $57,925. Perth has a prosperous mineral economy. There are over 30 substantial international gas and oil corporations’ offices in Perth.
- A wide range of choices– the houses are affordable
Despite being a great place to live, the house and land packages in Western Australia are affordable in comparison to Melbourne and Sydney. The figure shows that the median house price in Perth varies, depending on the suburbs. You can find an excellent property for under $500k. If you want to build a custom house, there are affordable home builders in the area.
There are hundreds of suburbs for you to select the best one for you. You will not have a difficult time to rent out your home too if in case you want to shift in other suburbs.
- Australia’s Education City
What more can you expect from a city? You can find tons of jobs around Perth. Furthermore, you also have a wide range of universities and institutions, offering diverse courses. There are five top-notch universities in Perth alone and numerous vocational institutions.
What is so great about Perth is that you can find universities in different areas of the city. You will observe both local and international students in Perth.
- Beautiful places combined with a pleasant climate
Perth is a stunning city. There are beautiful beaches, a thriving nightlife, and plenty of natural wonders in this city. You will find plenty of gardens, amazing harbors like Hillarys Boat Harbour, and a magnificent landscape.
Visit some of the historic lighthouses and limestone caves located around Margaret River. Observe beautiful Swan Valley, desert sculptures at Pinnacles, and so on in Perth. You will never feel bored staying in this city.
The climate is also fantastic in Perth. It has more extended sunshine hours than other cities in Australia. A “Freemantle doctor,” a cold breeze, bring relief in the summertime. You will also experience a bit of rainfall in June and a little cold in July.
- Rich in culture, science, and innovation
You will find everything that you can ever imagine in Perth. We can see multicultural events, nightlife, arts, live music, and so on in different areas of the city. Around 255 events are held annually in Perth.
There are plenty of world-class museums like the Scale Theatre of Western Australia, Western Australian Museum, and so on can be found in Perth.
Talking about science and innovation, the universities of Western Australia led the way in science and innovation. These universities are known for winning awards, state-of-art research facilities, and many specialist laboratories.
You can dive into a diverse range of specializations in WA universities, such as Marine, Mathematics, Cyber Security, Physics, Conservation Biology, and so on.
Over to You
Do you find the reasons compelling enough to buy a house in Perth? It is compelling enough for many others to move to Perth. However, the decision to buy or not to buy a property is entirely in your hand. In case you want to search for a variety of house and land packages, Perth, we can help you out.