Premier Mark McGowan has this message for West Australians: buy a house now because the good times are coming back.
Prospective Aveley residents are set for continued growth as house prices set to rise with growing confidence in WA's economy.
Exactly one year after The Sunday Times heralded early signs of life for WA’s stagnant economy, the results are in — and they are conclusive.
Data released on Friday showed the State’s domestic economy expanded 1.1 per cent in 2017-18, a remarkable turnaround after plummeting 7.1 per cent in 2016-17 and four consecutive years of decline.
Mr McGowan tipped a turnaround in the long-declining property market and a jolt to stagnant wages would follow hot on the heels of renewed business investment.
“Every day you are seeing good signs,” he said. “The confidence is back in WA. You can feel it, you can see it and certainly it is an improvement on where it was.”
“It is actually a good time to buy (a house),” he said.
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Published in The Sunday Times 18 November 2018