Perth property holds the best future growth prospects according to a Wakelin Property Advisory report. The report, Outlook for residential property market, claims that Perth, along with Melbourne, is set to lead the way in investment returns over the coming year.

Perth is in the midst of a resources boom led by “…China’s stockpiling of commodities and…the Gorgon LNG project” the report claimed. And although Perth’s rental vacancy factor is higher than other capital cities there are signs that it is “tightening”. That’s good news for investors.

Driven by buoyant job prospects the population in WA is expected to surge. As it does, demand for accommodation will put upward pressure on rents making investment in the West more attractive.

The report went on to recommend that the best property types to buy in Perth was “middle-ring beachside suburbs, and the inner south and west adjacent to the CBD.” Just why Wakelin’s chose these property types was not made clear.