BUSSELTON has proved it’s the place to be with figures showing its highest price growth in the property market.
The Real Estate Institute of WA recorded 5.7 per cent price growth in Busselton with the median house price at $460,000 placing it ahead of other regional areas in WA.
Improved infrastructure, foreshore and town centre facilities were all reasons people were moving to the area and prices had grown said the Busselton branch chair Joe White.
“The building activity in Provence, Vasse and Dunsbrough were showing growth there was good land supply,” he said.
“It is a very, very positive sign that this area is broadly viewed as a great place to live.”
Mr White said if land supply was restricted the property market would become a challenge and risk pricing first home buyers out of the market.
He said the challenge for Busselton was to have plentiful and competitive land supply over the next 50 to 100 years.
“Affordable housing for first home buyers is vital for the social well-being of the community.”
Mr White said encouraging people into smaller, well designed apartments close to town would increase the vibrancy of Busselton.
“Infill projects around the centre and bringing people closer to town to take advantage of the beach and lifestyle is the next challenge,” he said.
Mr White believes growth outside of Perth will see governments spending money on infrastructure in areas where the population is increasing.