I’m sure you have seen the ever changing headlines and media stories ranging from boom to disaster for Perth Real Estate. But the media is also saying there is a growing interest especially from eastern states investors in the Perth real estate market.
Increasing investor interest
Well known Perth real estate expert Gavin Hegney has recently been inundated with enquiries from people interested in property investment. And, he says ,if the past is any guide to the future, we are about to see a surge of investor activity .
There has been a sense of caution throughout the market with investors backing off in response to tighter lending criteria and price corrections. Most buyers are exercising greater caution in making decisions, but the savvy investors are making the most of the market uncertainty and taking action with very little competition. Which means they are getting great service and even greater buying power!
Opportunities exist in this market
Last year, Perth had the worst performing property market of any Australian capital city. House prices dropped by 6.1%. Apartment prices dropped by 3.4%. (Source: Core Logic). But that does not apply to every suburb. It is the top end of the market that has been hit the hardest.
There is some good news! Core Logic/RP Data’s latest figures reveal that for 2015 the suburb of Brabham had the highest increase in median house price of 28.2% up to $450,186.
Dayton was up 22.7% to $456, 693
Eglington increased by 9% to $349,679
Research is the key
And it is no coincidence that these 3 areas, along with Meadow Springs at Mandurah ( the median price dropped by 2%, but the rental return was 5%) were at the top of our investment lists during 2015.
When talking to potential investors and in our newsletters we recommended Eglington in the North, Brabham and Dayton to the East and Meadow Springs in the south. In most cases you will not even have heard of these suburbs.
We recommended the affordable end of the market and they achieved the results we hoped for.
We are living in a world where we have increasing access to statistics and analysis. We build on this knowledge, day by day, week by week so that we can give context to the data and allow our investors to achieve the best outcome.
This is our role. We try to be absolute experts in our field.
On top of this we provide you with the right strategy and use our relationships to negotiate the best price for your purchase.
We believe that timing is the key when you buy into the real estate market and 2016 could see the market bottom out and even have a small overall gain.
Ask yourself this-Where will I be in 5 or 10 years time? If your answer is “I have no idea”, then maybe it is time to do something about it
Get our help
We can look at where you are, where you would like to be and how to get there. Whether you are a seasoned investor or a nervous first timer, the odds are we can help in one way or another.
Contact me today and let us start a journey to success together.