Perth property to boom once border reopens

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The Real Estate Institute of Australia’s (REIA) president Hayden Groves expects Perth to become the nation’s top destination for local and international residential property buyers when Western Australia’s borders reopen. He cites factors such as WA’s strong economy, housing affordability and pent-up demand.

Meanwhile, property analyst Gavin Hegney expects Perth to become the third-most popular destination for international migrants once Australia’s borders reopen.

Based on value, Perth should experience stronger dwelling value growth than the other capital cities over the next one to two years.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.