These micro-markets are increasingly defined by infrastructure developments, such as Metronet expansions, new industrial precincts, and education hubs, which are reshaping long-term growth potential across the city.National housing undersupply collides with WA’s decoupled economy, but Perth remains one of the few capital cities where the median house price is still accessible to the middle class.Resource-led job creation continues, but diversification is key: education, defence, and clean energy.So, while eastern markets chase equity recycling, Perth investors are leaning into affordability and income resilience.Risks and Realism: What Could Derail the Momentum?

I like both brick and mortar RE and stocks for diversification although some would argue TSM is diversification with RE included.

But that does seem to be easing a bit.Diversification Exchanges- If you want to be more diverse, you could do what we call a diversification exchange, where you sell a large investment property to purchase multiple smaller single-family investment properties, and again, deferring all of the tax and depreciation.

@Rich Chen, You could do what's called a diversification exchange and use all of the tax and depreciation recapture you would normally pay and reinvest it into multiple investment properties, just like you're thinking to do.

Teaming up with your brothers could help smooth that learning curve, especially since they have some experience—but make sure everyone’s roles, expectations, and exit plans are clearly laid out.Think about diversification.

Bonus points - that note is then tax-free except for the interest that comes in each month.What you're referring to is what we call a diversification exchange, where to sell a large investment property and purchase multiple smaller investment properties in an exchange while deferring all of the tax and depreciation.

.• Geographic diversification?

I also learned RE is a diversification strategy for long term wealth building, not a way to build enough passive income to live on the beach forever. 

Fully passive, traded like a stock, and decent for diversification.

Is it the diversification?