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Dec 19,2019

Why People are Moving to Perth

Western Australia’s humble capital city of Perth has long been an underdog to larger, busier cities such as Sydney and Melbourne, where tourists and business people alike have flocked to be in the middle of the action.

However, for those in the know, it is becoming more clear that Perth is the ideal place to live; even The New York Times named Perth on its list of 52 Places to Go in 2019 list, referring to Perth as a “city transformed and enlivened”.

If you are ready for a change of scenery or looking for a worthwhile investment property, Perth should be at the top of your list, particularly because if its positive economic prospects and the country’s strongest job market.

Whether your dream is to live on West Coast Drive overlooking the Indian Ocean or invest in a luxury house in a leafy green suburb, the best place to start is with a luxury homebuilder such as Beaumonde Homes.

Luxury Homes

Anyone who has bought a house before knows how difficult it is to find an existing home that meets your current and future needs.

Building a custom home with a luxury builder like Beaumonde Homes will ensure you can have the exact home you want in the suburb you love in Perth.

The Low Down on Perth

Perth is Australia’s fourth largest city, based on an estimated population size of over 2.14 million people; the city has seen an average growth rate of 4.59% over the last eight years (since 2011).

On top of The New York Times’ recent recommendation of Perth, American multimillionaire Bill Tai has tipped Perth to become the world’s next Silicon Valley. He said factors such as lifestyle are important to the current generation of entrepreneurs, which will ultimately entice more of them to Perth.

Positive Economic Prospects

When you are investing in a new home, potentially in a new city, you want to know that the economy is well supported now and well into the future to protect your investment.

In Perth, the prospects are overwhelmingly positive, with investments in new projects, increases in minerals exploration and job vacancies.

Some of Perth’s large population growth can be attributed to the mining sector, where a lot of jobs were created, luring people to live in WA. The local economy is improving, with bright prospects on the jobs front with some mining interests recommencing and pulling a lot more jobs back into Western Australia.

In 2018, Housing Industry Association figures showed the Perth property market was the most affordable of Australia’s capital cities.

The Country’s Strongest Job Market

In September 2018, Bureau of Statistics figures showed that in the six months since March, almost 24,000 full time jobs, or 2.6%, were added to the market.

During the past year, there has also been a record number of West Australians employed in either part-time or full-time employment, with the unemployment rate sitting at 6.4%.

Now is the Time to Invest in Perth

If you have been waiting for the right time to invest and build a luxury home, this is your opportunity.

There are some great affordable yet stunning up-and-coming Perth suburbs where you can build your luxury home, or you can opt for a more affluent suburb with an established reputation for luxurious homes.

You can view the Perth suburb price data on the Real Estate Institute of WA’s website.

Luxury Builders in Perth

If you are ready to make the move to Perth and you have your dream home in mind, look no further than Beaumonde Homes, Perth’s luxury builders.
Beaumonde Homes are a trusted name in the building industry, with more than 30 years experience in crafting luxury house plans and delivering homes, not houses, to our valued clients.

Contact us today to find out how Beaumonde Homes can build your dream home in Perth.

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