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In today’s throwback episode from our best episodes of 2023 summer series, I’m diving deep into the realm of property valuation, specifically focusing on the art of accurately pricing a property.
This is especially pertinent in the context of the bustling, hot Perth market. My goal is to equip you with the knowledge to quickly and accurately determine a property’s market value, which is crucial in swiftly securing properties in this competitive landscape.
I’m going to explore the nine key factors that significantly influence a property’s price. Given the current influx of investors in Perth, understanding these factors is more important than ever. It’s not just about the price tag; I also stress the importance of considering long-term factors like a property’s saleability and rentability. This is vital for ensuring your investment remains valuable, even in a downturn, and helps in finding quality tenants.
Let’s go inside.
Episode Highlights:
- Intro [00:00]
- Property Size, Layout, and Location [03:55]
- Property Condition, Market Trends, and Pricing Strategies [08:08]
- Property Features and Their Impact on Value [12:12]
- Factors to Consider When Pricing a Property [16:27]
Resource Links:
- Live Better for Longer, check out the Longevity Lab https://thelongevitylab.com.au/
- Get your Strategic Portfolio Plan and our help with Buying your next Perth property (https://www.investorsedge.com.au/invest-in-perth-property/)
- Join the Perth Property Investment Facebook Group (www.facebook.com/groups/perthpropertyinvestors)
- Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)
- For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)
- For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/
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