Perth is suddenly the country’s hottest property market as interstate and overseas migrants converge with east coast investors flooding the city betting that major defence contracts will boost rents and returns.
The prospect of job creation from the multi-billion dollar AUKUS submarine pact, tipped to create thousands of local jobs, has proven the “cherry on top” for investors, according to Sydney-based buyers agent Lakhwinder Singh.
Brad Thompson writes across business and politics from Western Australia for The Australian Financial Review. Brad is based in our Perth bureau. Connect with Brad on Twitter. Email Brad at brad.thompson@afr.com
