Mar
03
As Sydney Overheats, Perth Price Drop Tempts Asian Home-Buyers
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Developers drumming up interest in Western Australia capital
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Rental yields in Perth are beating Sydney, Corelogic says
As forest fires shrouded Singapore in a blanket haze last year, CBRE Group Inc.’s Lloyd Jenkins, sat down with a group of high-level property investors at the city state’s five-star Fullerton Hotel and showed them pictures of white beaches and clear, blue skies. This is Perth, he said, and there’s a lot of opportunity.
Jenkins, managing director at CBRE in Perth, and property developers are trying to drum up investment in the Western Australia capital, where housing values as measured by CoreLogic Inc. dropped 3.7 percent last year, the worst performance among the nation’s capital cities, as a mining boom dissipated…
As Sydney Overheats, Perth Price Drop Tempts Asian Home-Buyers
