People aiming to invest in Western Australian homes for the first time might find that the region's financial climate is quite appealing at present, one expert has suggested.
According to Alan Bourke, president of the Real Estate Institute of Western Australia (REIWA), those who have never bought properties before are now making up quite a sizeable proportion of the area's home purchasers.
Mr Bourke stated: "For those looking to buy their first home, the current economic environment is relatively appealing and first-home buyers are almost a quarter of all purchasers in our weak market."
However, turning his attentions to the rental home sector, the commentator did go on to say that efforts need to be made by the government to support the supply of property in this area.
Earlier this month, the REIWA also responded positively to the recent launch of the Affordable Housing Strategy by the state government.
Posted by Craig Francis
