Location Report – City of Geraldton
May 2024Sarah Wordsworth
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Mortgage debts mount as investors desert property market
What’s causing investors to sell? New survey reveals investment pain points
Investors flee rental market amid rising costs and new taxes
PIPA Annual Property Investor Sentiment Survey 2024
Investors desert the market with higher holding, compliance costs and new property taxes to blame
The only city on Western Australia’s Coral Coast and the largest north of Perth, Geraldton is a key regional centre that has expanded swiftly in recent years, in line with growth in Perth.
With a growing economy and very affordable housing by national standards, there has been a notable uplift in the LGA’s property market.