Ray White Now | August 2022 | Page 33

WESTERN AUSTRALIA
Western Australia has enjoyed strong migration over the last 18 months which has fuelled the local economy , resulting in strong GSP growth and low unemployment – as is being enjoyed across the country . As a result , we ’ ve seen many interstate buyers look towards Western Australia as an investment opportunity , which has done much to reduce yields across all asset classes . Record low industrial vacancy , improving office occupancy , and rapid residential growth has meant investment has nearly doubled compared to the previous financial year to reach over $ 4 billion in sales .
33