Global Power | Local Knowledge | Uniquely Personal

Perth still popular among developers

Even though the mining boom has peaked, developers are still busy in Perth.

Despite the fact the mining boom is dying down, Perth is still a popular location for developers.

It seems people are still keen to live and work in Perth as large mining projects are still ongoing and offer employment prospects.

Managing director of Leighton Properties Mark Gray told Property Week: "While it’s true that the Perth market has been driven by resources and that the mining boom has peaked, there are still big projects ongoing in the extraction of resources."

He suggested that developers are still keen to build in Perth as people are keen to acquire a dwelling within the city centre. Additionally, changing technologies means more miners want to acquire office space within the city.

Over 2012, the mining sector in Australia saw a boom in investment, particularly from large neighbouring economies such as China. However, this investment has died down over the course of 2013. Instead, attention has been turned to the property market as falling interest rates on mortgages spurs consumer demand.

Posted by Steve Douglas


DISCLAIMER: All information provided is of a general nature only and does not take into account your personal financial circumstances or objectives. Before making a decision on the basis of this material, you need to consider, with or without the assistance of a financial adviser, whether the material is appropriate in light of your individual needs and circumstances. This information does not constitute a recommendation to invest in or take out any of the products or services provided by SMATS Services (Australia) Pty Ltd or Australasian Taxation Services Pty Ltd.

COPYRIGHT: All information provided is protected by international copyright laws. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network. Copying or storing any content is expressly prohibited without prior written permission of SMATS Group or the copyright holder identified in the individual content's copyright notice. For permission to use the content on please contact

Subscribe Now