Tuesday, August 28, 2012

Perth Most Expensive Capital for Land

IF you thought that Perth wasn't too expensive, perhaps you haven't looked at the price of land recently. Perth land has gone up 282% in the last ten years, taking over Sydney's title for most expensive in the country. The average land size in WA is 476m2 for $260,000 which makes a square metre in WA worth $555. Sydney which has always been head and shoulders above the rest of the country in this category comes second with $547 per square metre.

In the last five years, Melbourne has increased the most in price for vacant land, going up 91% since 2007 whereas Perth which had already experienced a massive land grab in 2007 only went up 15% in the same period.

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