Property prices stir after Barnett win

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This is an article based on Perth but still affects Australia property prices at the end of the day.


Are you a property investor in Perth? Worth the read.. heads up! PRICES IN PERTH ARE RISING!!!

"A Liberal win at the state election will mean a boost in real estate prices for some Perth suburbs"

WHY PROPERTY PRICES ARE RISING?? 

MAX light rail, the airport rail link and new Perth stadium would mean more interest from buyers in the areas these projects --> Demand for property increase --> property prices increase

Eventhough the stadiums will only be ready in 5 years, these buyers are already going to be taking into account the future growth of that area and the future convenience they will gain. Mr Hobbs said train stations nearby were always a positive for buyers (people preferred trains over buses)

It has also been reported that prices of properties in the suburbs next to these projects will also increase!! Being near CBD is always a big plus for people working in the city. People these days want convenience. Keep that in mind investors :)))

"We've already seen it in Burswood in just about every high rise unit, there is a lot of interest in them with the prediction of the stadium and the railway to go through, investors are snapping them up," Mr Hobbs said.