A lot of foreign investors, most especially those that are coming from wealthier nations in Asia are eyeing on the properties in Perth as a potential investment or addition to their property portfolio as the prices for houses in Sydney and Melbourne reach their bubble levels. If you ask investors and economists, Perth is perceived to be of better valued to the foreigners who are investing in Australia as well as to new arrivals in Australian soil compared to Melbourne and Sydney. The reason behind this is that the properties at West Australia are excellently created and their prices grow at a very sustainable pace.
Recently, in an article published in the Sunday Times newspaper, it did a story on the number of immigrants to Australia choosing to live in Western Australia for the affordable and accessible units that it offered the market. According to one home purchaser from Singapore, there is no more future in Singapore. Owning your own property is a very far-fetched idea in the country since the spaces are very small and that there is also a limitation of the resources available for the people. In contrast, West Australia offers cheaper prices and event the house is half the price as what it would have been had it been sold in Singapore. In Singapore, typically everyone has to reside inside an apartment. There is a small space only for the kids to play and to put up your own home garden.
An international sales director who is based on Perth, Vince Tong, said that there are plenty of foreign nationals who saw Perth as an attractive site in building and owning homes as well as a place to be a lucrative investment. These foreign buyers may never really actually see Perth. However with free-trade agreements and while Chinese nationals start to see more of the Western Australian products in their supermarkets, the public will feel a familiarity with the products. According to reports there are as much as 40 percent of new Perth units that were purchased by foreign investors in Western Australia. This news is also great for the home renovations Perth as more people will need their service.