Investors priced out of Sydney and Melbourne are expected to start looking to Perth as advisers dub WA one of the top buyers’ markets in the country.

While interstate migration to WA has slowed dramatically, industry figures say property investment has remained strong and is expected to grow in coming months.

Perth has more than 19,000 properties listed on the market, forcing a price drop of $20,000 in the June quarter to a median of $525,000, according to CoreLogic RP Data figures.

Across the country, Sydney’s median price has risen by more than $100,000 to $1 million in the past 12 months, and Melbourne is not far behind with an rise of more than $60,000 to $671,000.

But investment expert and Momentum Wealth managing director Damian Collins said with Sydney’s bubble expected to burst, investors would get better value for money in WA.

“While the temptation is to follow the herd, it’s much better to buy when the market is in a low of its cycle,” Mr Collins said.

Source: News.com.au