Western Australia has been experiencing a boom in new home construction. Figures from WA Housing Forecasting Group showed that 28,966 new homes were built from June 2013 to 2014—a 20% jump in new home construction compared to the year before, and the trend continues to be on the upswing.
Whether you’re buying for yourself or for investment purposes, choose a block that will generate capital growth. Even as you choose a location where many investors are buying land and house packages in Perth, which might soon flood the market with new homes for rent, a good house and land investment could still give you winner, whether the times favour a rental market or not. Continue reading