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Strong Growth for Western Australia Real Estate Expected to Continue

By Kevin Kelly

The real estate industry in Western Australia is expected to continue growing in strength, following the release of a report by the Housing Industry Forecasting Group (HIFG), which could be good news for anyone interested in real estate in Bunbury.

In its October 2013 report, the HIFG highlighted the returning confidence of buyers in the housing and construction industries of Western Australia, and predicted that this growth would continue well into 2014.

Planning Minister John Day said new residential housing was expected to remain steady during 2014, which is great news for the state from both a housing standpoint and as a generator of employment and economic stimulus.

"The report reveals a 34 per cent increase in the number of residential dwelling starts compared to last year; with 24,010 new homes starting construction in 2012-13," said Mr Day in a November 7 statement.

"The HIFG's reports have been very useful tools for the state and local governments and the housing industry, bringing together data on lot and dwelling construction, the real estate market and the private rental market."

With the growth of real estate expected to remain strong in the future, now could be a great time to investigate the option of securing houses to rent in Bunbury and the surrounding suburbs.

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