Property investors keen on WA, UDIA says
More than half of new land purchasers in Western Australia during the recent quarter were investors, according to Urban Development Institute of Australia WA.
UDIA WA’s urban development Index shows the proportion of investors in the market has surged from 28 per cent in the September 2022 quarter to 62 per cent in the corresponding period this year.
The latest statistics show investors made up 45 per cent of new land buyer types in the June 2023 quarter.
According to UDIA WA, the strongest corridor in the Perth metropolitan area was in the north-western suburbs with 74 per cent of the sales to investors.
To read the article in full, including comments from UDIA WA CEO Tanya Steinbeck and UDIA WA Research Partner Urbis’s Director David Cresp, click here.