This page will contain information about the economy and the different developments that transpired which transformed Perth into what it is today—an Australian economic powerhouse. If you have any questions for Lisa Dudzik about Perth, please feel free to contact her.
The economic powerhouse that is Perth today did not happen overnight. In fact, Western Australia experienced sluggish growth at the turn of the 20th century mainly due to WA’s unique geography. During the settlement period around 1829 to the 1850s, WA tried to diversify itself from being a predominantly agricultural economy. However, its success only came and was tangibly felt during the gold rush around 1850 to the 1910s.
During the gold period, not only was there a boom in labor and capital but in the population as well. This was mainly driven by immigrants and their families seeking opportunities. Unfortunately, the unprecedented prosperity during this time was interrupted by WWI.
Moving forward to the period that followed the two world wars and the Great Depression, WA tried to revive its agricultural and mining industries. The state also supported the growth of the manufacturing, export, and energy industry, which continues up to this day. Present-day Perth is also looking to grow further into a services-oriented economy since the 1950s.
If you’re thinking of working or relocating to Perth, you’ll be facing continued rising real estate prices, which are a boon or a bane, depending on how you look at it. As a top world city, the standard of living in Perth is definitely high which can affect your decision to stay or go.
Overall, Perth is in a sweet spot and is poised to grow even bigger.
If you have any questions about this page or points that need clarification, please contact Lisa Dudzik. Perth will always be a remarkable city that you wouldn’t mind getting lost in.