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