WA Property News
The high demand for housing In Australian cities, coupled with limited supply, has driven house prices to levels that make it increasingly challenging for home buyers to live close to the CBD of their preferred capital city.
While median house prices in Sydney and Melbourne are over the million-dollar mark, there are pockets of Perth, such as Bennett Quarter Estate, that are close to the city, yet still affordable for most people.
Let’s dig a little deeper to see how house and land packages in Bennett Quarter Estate stack up against suburbs within similar proximity to the CBD of Sydney and Melbourne.
Sydney
With the highest median prices in Australia, Sydney is home to some of the most expensive properties in the country. According to Domain in June 2023, Hurstville, approximately 16 kilometres south of the Sydney CBD, has a median price for a 4-bedroom house...
Building a new home can be an exciting but time-consuming process. In some cases, new home construction times can stretch to well over a year, causing frustration for the homebuyer and financial hardship for the building company.
Impacts of COVID on Perth Builders
There can be numerous causes for construction delays, but over the last few years, the well-publicised impacts of COVID have resulted in supply chain disruptions, with significant delays in timber, steel and other key materials.
While some building companies have suffered losses, and in some cases gone out of business entirely, Perth’s leading builders made it their mission to counter these impacts by creating efficiencies in house building processes without sacrificing quality or craftsmanship.
Now that the worst of COVID is behind us and supply chains are getting back to normal, there is an opportunity...
Major Rail Investment Fuels Economic Growth in the Area
People living in Perth’s north-eastern suburbs are living in one of the city’s population growth hotspots, with the major investment in rail and road infrastructure paving the way for rapid commercial and residential growth in the area.
Metronet, the State and Federally funded Perth rail project, has been a boon for residents of the area, with the construction of major rail stations such as Malaga well underway. The City of Swan, with over 150,000 residents, houses the major growth areas of Malaga and Ellenbrook, and has now become one of Australia’s fastest-growing local jurisdictions.
Attractions of Perth’s North East
With significant growth, comes added interest in world-class attractions, such as the famous Swan Valley wine region, as well as Whiteman Park with its wildlife sanctuary, tourist...
