We have been looking in amazement towards the results being achieved in Western Australia for some time now, and there doesn't appear to be any end in sight of the good times being experienced.
Recent figures show that the phenomenal growth continues to surpass all expectations.
The Australian Bureau of Statistics June Quarter house prices showed an incredible 11.9% growth for the June Quarter for Established Homes, making the annual result an impressive 35.4%.
Combine this witht the recent Growth Statistics which had the WA economy growing at 14% to June 06 and it is no wonder that the heat is certainly on in the West.
How long this can continue is anyones guess, but for all those already in the market it is certainly happy times.
For those looking to invest in the Perth property market, you will be surprised how much values have risen and also how quickly properties are being sold. If you are in the market, then a prompt decision is essential in order to secure entry into this fast paced market at present.
The continuing commodities boom, improving populations and shortage of new development land has created a strong property market in Perth and other WA city centres.
When a market is this strong, you need to be brave and err on the side of quality, particularly in regard to the location as if the market does slow down, the better areas will maintain growth at an above average pace.
