I just watched the program your money your call with Margaret Lomas,
Peter Koulizos ysterday and they were talking about growth drivers for investment which got me pretty interested.
They got a a call from some one looking to invest in tweed heads in victoria or was it NSW ,, or was it twin heads … daymm..
anyway what interested me was their analogy to not invest over there .
They said No growth drivers over there plus
Its a town full of retired people
Not much activity going on there ( lack of new employment ,, slack employment figures nor growing jobs)
so don't invest
They also said growth drivers like
Infrastructure spending by govt
Mining close by Is good
Rising population in the town or state
Good job employemnt growth figures
Proximity to Bus , train and new infrastructure spending on these etc
in passing they also meant the growth drivers for PERTH IS good ,, any comments on this guys ??
Hi Jerome,
Sounds like they may have been talking out Tweed Heads on the Qld/NSW border.
Pretty happy with the outlook for Perth property at the moment.
Some points you may wish to think about:
* low unemployment rate
* population growing (according to various sources) by 1000/week
* current property stock levels below long term norms
* Long term supply of englobo land is constrained
* Vacancy rates low
* Rental returns increased by 11%+ (units) and 15%+ for houses over last 12 months
Obviously these are macro level drivers with some of the location specific drivers varying from place to place.
Your mentioned growth drivers sure sounds good .. for perth
Looks like we are doing much better than some of the other states in australia for sure .
Now i could only wish the prices of Meals in restaurants and general cost of living come down as well with population growth
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