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It’s no secret that many areas of Western Australia saw phenomenal growth in the lead-up to the GFC on the back of the commodity boom. And with many pundits predicting a post-GFC resources renaissance, property investors will be keenly eyeing up this commodity-rich state’s prospects.
Adelaide has been one of the success stories of recent times, combining consistent capital growth with tight rental vacancy rates. Couple this with Adelaide’s ‘most affordable capital’ tag, and investors might do well to turn their attentions to the Festival State.
Activity in Canberra’s property market may have slowed somewhat towards the end of 2010, but this is one property market that largely managed to escape the volatility that affected much of the country last year.
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