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Perth continues to be the capture point for the benefits of WA’s resources revolution. The workforce demands of the Pilbara and other areas have created towns with pricing beyond the threshold of sound investment strategy that should be avoided by most investors. Recent news confirms that Perth leads the nation’s property markets – no surprise at all, given that it is also the leading centre of population growth on the back of mining-related investment.
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As property investors along the eastern seaboard increasingly turn their attention to the western state, the best place to park investment dollars may not necessarily be in mining towns.
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Investors on the hunt for fast equity only have roughly two years until prices stop increasing and start going down again, says one forecaster
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