Foreign investors are snapping up residential properties in Western Australia. According to the NAB’s survey last March, these investors accounted for about 15.6 per cent of new home sales across the country and spend within $500,000 to $1 million on average. One in five people who purchase in WA (mostly in the inner city areas) aim to redevelop the property.
Apart from these investors, there are, of course, Aussies who buy homes in Perth, that they themselves will occupy. Whether you’re migrating to Perth, transferring from a nearby rental place, or moving out of your parent’s home, you need to pick your suburb smartly and find a suitable home that suits your lifestyle. Here are a few tips for first-time buyers of house and land packages in Perth.