East coast investors looking west

The median house price should be $564,000, which is still 8 per cent below it’s previous peak.

Buyers’ interest is starting to rise, with view listing up 40 percent over the year and home loan commitments rising by 15 per cent in December and March 2019. 

The latest investors from the eastern states are Gill and Basil Reilly from the Hawkesbury region, just outside Sydney.

Gill and Basil recently purchased a low maintenance lot in the Village release at Capricorn Beach estate for investment purposes.

“We decided to buy our lot at Capricorn Beach after a visit to Perth last year.”

“We looked at other coastal estates in Perth, but after visiting Capricorn Beach, we were very impressed by the value for money it offered for such a high-quality development so close to the beach.”

“Basil and I will be able to build a brand new home close to the beach for just $370,000. A similar home in the outskirts of Sydney would be three times that price.”

“Sydney property prices have exploded over the past 15 years, and the coastal suburb of Yanchep in Perth offered us a unique opportunity to own a new investment property close to the beach,” the couple stated.