Finding Perth’s investor hotspots when land sales have soared 92 per cent
Property investors are flocking to Perth's red hot property market, where land sales have taken off and new infrastructure is creating the next selection of suburbs likely to experience high capital growth.
Armadale in Perth's south east has seen its median property price soar 28.6 per cent to $602,585 in 12 months. (Image source: Shutterstock.com)
Investors are heading west as Perth’s relative affordability, strong economic conditions and continued population growth fuel demand for housing across Western Australia’s capital.
The latest figures from UDIA WA’s Urban Development Index show that lot sales increased by a massive 92 per cent over the last 12 months, with 2,440 lots sold for the December 2023 quarter compared with 1,273 in the December 2022 quarter.
The breakdown in buyer pro…
