Federal Governments $3.2 Billion Commitment to Impact on WA Real Estate

Federal Governments $3.2 Billion Commitment to Impact on WA Real Estate 01/06/2018

 
Whilst the recent Federal Budget handed down on May 9th by treasurer Scott Morrison confirmed Prime Minister Malcolm Turnball’s commitment to allocate $3.2 billion towards WA’s infrastructure requirements, the question remains how this much needed cash injection will benefit the average Perth family?
 
The reality is that with the exception of more streamlined traffic and reduced driving times, the cost of living for WA households will remain relatively unchanged.
 
Historically however, increases in federal government funding allocation to Western Australia have always resulted in an overall psychological ‘boost’, invariably creating a positive flow-on effect to the Real Estate market.
 
There is absolutely no question that the $3.2 billion infrastructure allocation will be a driving force behind the expected Perth Real Estate price increases expected over the next 12 months.