Looking to do some wealth creation in Perth? Right now with the mining boom there are many great wealth creation opportunities – if you know where to look.
Property Opportunities For Wealth Creation In Perth
Property prices are soaring as more and more people flock to Perth to take advantage of the mining boom. This is a golden opportunity to buy in, hold, resale, fix up and sell and a host of other property investment strategies. The techniques are available and Perth is providing the market.
Opportunities for renovation are high because there is more disposable income around. Big budget mining salaries mean that people can afford to spend extra now, and most Aussies are savvy enough to dump the cash into an asset like their house.
This can cover both the DIY’er plus those who have cash but no time – think project management and trades.
Business Opportunities For Wealth Creation In Perth
The business opportunities for wealth creation in Perth are very high at the moment. Because more and more people are living in and around Perth, and there is more money exchanging hands after it’s extracted from the earth through the big mining companies, everybody is looking to make a deal somewhere.
Now a brand new pie shop might not be a guaranteed success but new and creative businesses that really fill particular needs right now will be sure to flourish.
- With the big mining salaries its getting more and more economical to pay others to do basic things (childcare, mowing, cleaning, cooking, etc)
- The money saved on do-it-yourself projects at home is less and less; bring in the tradies!
- As travel and distance is involved in mining, making the most of leisure time is a high priority for most
- Keeping families close with technology and communication is high, so phones, videos links, and computer software is helpful.
Remember with all businesses, you’ll need to include in your plan the act of selling your customers. Most of them probably won’t realize their needs at the moment or won’t have thought about doing things a different way which saves them time, energy and money.
Taking the stress and complications out of finding and hiring people will be one of the biggest opportunities for wealth creation in Perth.