Investment opportunities in regional WA property markets

If you’re thinking about investing in a rental property, why not consider the opportunities available in regional property markets?

Generally speaking, investors tend to stick to their local area when buying investment properties. While certainly a sensible approach, it is worth considering opportunities further afield.

Rental demand is rising in regional areas

The two most influential factors that affect the property market are high population and economic growth.

Regional areas have historically been slow in the population growth department, however recent mining and resource booms in regions like the Pilbara have resulted in strong local economies and plenty of employment options.

It has also significantly impacted the demand for rental accommodation.

Properties cost significantly less

Another factor that makes investing in regional areas attractive is the low cost of acquiring property.

Outside of the Perth metropolitan area property costs are noticeably less and in some regional areas you can purchase property for as little as $150,000.

For those who don’t quite have the funds to invest in the Perth metropolitan area, the regional property market presents a very attractive investment alternative.

The Southwest is thriving

There are also other locations within Western Australia worth considering for property investment. In the Southwest region for example, there are areas where the population growth is equal to the highest in Australia.

This includes the Bunbury, Busselton and Margaret River regions, which have experienced rapid growth in recent years as a result of strong local economies, a thriving tourist sector and the attractive lifestyle opportunities they offer.

If you’d like more information about your investment options, contact your local REIWA agent for advice.