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Irish Investors Bombarding Perth

Mr Brett Wilkins managing director of Pro Property a CBD real estate agency in Perth, Western Australia said that his firm since January 1 had completed over 25 transactions to Irish investors.



Pro Property had always seen reasonable enquiry from English and Irish investors but the number of separate investors and property deals in 2005 was incredibly strong.



Mr Wilkins who has been involved in offshore sales of Perth commercial and residential real estate for over 20 years said this activity reminds him of the South-East Asian investors in the early and mid 1990's. Though the individual purchases to date have been modest with an average price of $625,000 their love of the Perth lifestyle combined with the very strong economy growing at 3 times the National average and the cheapness of the real estate with Perth residential having the cheapest Home Affordability Index in Australia will see them purchase more and for increasing dollars.

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