THE Perth property market is showing signs of stability with both the median house price and overall median rent holding steady in the three months to August 2017. According to reiwa.com data, the median house price was $515,000, while the median rent was $350 per week for the fourth month in a row.
New data from REIWA reveals just how affordable investing or buying a home in Perth, Western Australia is compared to the other capital cities. Contact Capital Property Advisory today to find out which of these suburbs we are actively buying in, which we are avoiding, and why.
Finding the right property can be an arduous task, whether it’s a forever home or an investment. It takes time, determination and nerves of steel. The mere thought of independently engaging a licensed professional who will undertake the research, evaluation and negotiation of the entire property purchase is likely to bring a sigh of relief for many.
Where are you getting your investment advice? Unfortunately, many unscrupulous operators still plague our industry, preying on unsuspecting consumers and 'selling lies' in order to line their own pockets. Check out this article by Sasha Karen on a recent crackdown by the ACCC on the director of renowned property spruiker 'We Buy Houses'.
The start of a new financial year means one thing to most people – tax time. If you’re an investor who rents out your property, it’s important you take the time to gather all your records, expenses and paper work in preparation for doing your tax return.
At long last, I can say that Perth has moved into a recovery phase, after four tough years.For the past 12-18 months, many industry people with a vested interest have been trying to talk up the market, creating false dawns of market revival. I’ve been awaiting clear evidence and a month ago I wrote: “I continue to seek confirmation that the worst has passed for the Western Australia economy and the Perth residential property market. There are growing signs that this is the case.”
Who is the best Buyer’s Agent in Perth? In fact, what makes a great Buyer’s Agent? Whilst not as commonly used in Western Australia as they are in the Eastern States and overseas, the popularity of Buyers’ Agents has grown considerably in recent years. Savvy investors and time-poor home buyers are slowly but surely embracing the value that a qualified Buyer’s Agent can provide. So, if you are looking for the best Buyer’s Agent in Perth, what are you looking for? We took the time to provide some insight into what we feel are the most valuable assets of a property acquisition specialist…
Thinking of buying a new home or an investment property in the coming months? Take the time to watch the Perth Market Update for July 2017 from our trusted research partners, CoreLogic Australia.
The Reserve Bank kept rates on hold this month, but experts are increasingly pointing to rate hikes in the near future. For Australia’s indebted property owners this could mean paying hundreds of dollars more in repayments every month.But now the market is at a tipping point. Experts are predicting significant interest rate hikes, and they have the potential to hit hard – particularly for speculative property owners who over-extended themselves during the boom.
Sorrry, I doubt the RBA will be raising interest rates eight times over the next two years. Nothing like a former Reserve Bank board member saying the RBA could hike interest rate eight times in the next couple of years to get attention. I could also win Oz Lotto – "could" is rather vague word.
Property Bank Australia — which sold a $200 million WA property portfolio to GE Capital in 2006 — is cashing in $130 million of its east coast property chips and scouting Perth for its latest potential counter-cyclical play.
PART 1 of 2: Who is the best Buyer’s Agent in Perth? In fact, what makes a great Buyer’s Agent? We took the time to provide some insight into what we feel are the most valuable assets of a property acquisition specialist…
PERTH'S property market has bottomed out, with some of the industry’s biggest names optimistic about a recovery over the next year.
Cutting out luxuries will only scratch the surface for those trying to get a foothold in the Sydney property market. It is time to look to the outskirts of Sydney, or even Perth, says James Nihill of Patrick Leo.
Western Australia’s housing sector is expected to improve in 2017-18 despite continued weakness experienced in 2016-17, according to the Housing Industry Forecasting Group’s (HIFG) latest report.
A decision by the federal government to provide $1.2 billion to Perth’s upcoming infrastructure Metronet will increase property values to areas that surround the railway, according to one agency.
A luxurious three-storey home in Sorrento has been named home of the year at the 2017 HIA-CSR Australian Housing Awards.
The Salvos have launched their Sleeping Bag Appeal for 2017 in support of their Night Outreach service and to collect sleeping bags for the homeless in time for the winter months ahead.
Remarkably, only 20% of property investors are claiming their full depreciation entitlements allowed under ATO legislation!
The CoreLogic Quarterly Housing & Economic Review is a breakdown of the activity across each of the capital cities over the quarter to April 2017 and also dives into the economic factors that contribute to the overall performance of the market...
Cranes are set to dot the city skyline again, with about 60 buildings under construction or likely to begin soon after gaining development approval from the council. City of Perth 3-D modelling shows the dramatic impact of the new skyscrapers, with about 30 buildings earmarked for central Perth or Northbridge, about 20 in East Perth and almost 10 in West Perth.
The CoreLogic-Moody's Analytics Australian Home Value Index Forecast provides a quarterly projection of residential home values across the country over the next 10 years.
Capital Property Advisory’s acquisition team recently had the pleasure of being introduced to a lovely couple from regional WA, Mike and Amanda. Aged 47 and 38, Mike and Amanda operate their own successful small business; however, both would like the opportunity to consider early retirement, ideally within the next 15 years. The couple own two investments currently, as well as a beautiful home. Upon review, it was agreed that the current investments were not in line with their goal of capital growth and it was agreed that one or both would be marketed for sale when their current tenant’s leases expire.
Brisbane couple Scott and Sarah are looking to invest in their first investment property together. Sarah currently owns three properties, which are all located in one city. Together the couple can borrow up to $1 million, but they only have about $120,000 available for a deposit at this time. They're open to investing anywhere in Australia and will consider houses or units. Their preference is probably capital growth over cash flow and they aren't afraid of mortgage insurance.
Perth has idyllic beaches within 15 minutes of the city, a booming dining and hospitality scene and the world-class Margaret River wine region just a few hours’ drive away.
The wallet-burning cost of living in Australia’s largest cities has been highlighted again, with Sydney and Melbourne ranked among the most expensive in the world.
The unemployment rate dropped 0.4 percentage points in Western Australia in February, to 6 per cent in seasonally adjusted terms as the state jumped from last place on that metric to be better than Victoria, South Australia and Queensland.
Is vacant land a good investment to add to your property portfolio? Learn from the experts at Capital Property Advisory to determine if buying vacant land is a good option for property portfolio.
With a day left until WA heads to the polls to decide who will lead the State, property experts are optimistic of a post-election boost to the market.
With population growth and urban sprawl square in the cross hairs of some of our largest metropolitan cities, local council zoning changes are quickly becoming a gold mine for savvy investors.
Regional and unit markets have dragged down property profits with new figures revealing the number of sales at a loss have increased nationally.
Leasing activity continues to increase across the Perth metro area, with the latest reiwa.com data showing that activity in the three months to October lifted four per cent on the three months to September.
A REIWA survey has found 90 per cent of WA property seekers consider state property taxes a barrier to owning or investing in real estate.
Industry experts agree the Perth and WA residential markets are at or near rock bottom and predict prices will start to rise again towards the end of 2017 — meaning the time is right for buyers in all sectors to take advantage of current conditions.
Despite reports to the contrary, an oversupply crisis is not looming over Melbourne’s property industry.
The latest Housing Affordability Report by CoreLogic reveals that Perth is now one of the most affordable capital cities to buy a property in Australia.These figures confirm that Perth has reached the bottom of its current property cycle.
A new report has shown that despite talk of a subdued market leading in to 2017, capital city house prices in most markets are still on the rise.
Taku Ekanayake provides an insight in a millenials view of rentvesting - that is balancing out the idea of renting your ideal place but still managing to build your investment portfolio. Having bought his first investment property in October 2014, he now has now has six investment properties and counting, all whilst continuing to rentvest a new furnished apartment in Marrickville.
Lenders have investors in their sights with out-of-cycle interest rate movement, says one mortgage expert.
Katie joins host Phil Tarrant to discuss the pros and cons of using a buyer’s agent, the importance of property as financial security and why she believes investing is much like being your own boss and taking control of your financial future.
According to data released by CoreLogic, 2016 marked a turnaround for the Perth property market, and there’s more to come in 2017. We look into the data surrounding this.
Interviewed by Your Property Investment Mag, Matthew Hughes provides guidance to reader Rockney Wong on how to take his sizeable portfolio to the next level and become a developer in the process.