Commodity boom in Perth driving up property prices
Australia is gearing up for a $480 billion commodities boom. Mining companies are based in or near Perth. And fly-in, fly-out’s are growing tremendously.
Perth is facing a crippling housing shortage that will leave potential tenants homeless according to a Housing Industry Association report for Western Australia housing.
In addition, the ANZ Bank has forecast that the Australian dollar could hit US$1.25 because of sustained commodities prices and higher global infrastructure investment.
All these means that a the property market is geared to grow exponentially.
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