Interstate buyers help push up regional WA prices
Writing exclusively for API Magazine, REIWA President Joe White reveals the mining centre of Port Hedland has led the way, as local and interstate buyers compete for property in Western Australia's thriving regional real estate markets.
New South Wales investors are increasingly interested in Port Hedland. (Image source: Shutterstock.com)
Regional WA property prices and rents grew in the June 2023 quarter, with Port Hedland
the top performer as its median house price rose 6.1 per cent to $498,500.REIWA President Joe White said Port Hedland was seeing a lot of activity at the more affordable end of the market.
“Demand is higher in the $250,000-$400,000 price bracket and properties are selling quickly, while $600,000-$700,000 family homes are taking longer to sell.
“Both local o…
