Uncertainty over the effect of coronavirus may have sent stocks plunging to 30-year lows but property values are unlikely to get a similar hit – even in a recession, real estate analysts claim.
Auction clearance rates are poised to fall as more buyers delay their purchase and shun public gatherings for fear of contracting the fast-spreading coronavirus.
Source: REIWA.com March 4, 2020 Perth’s median rent increased to $360 per week in February and is the first increase the Western Australian property market has seen since January 2017. REIWA President Damian Collins said median rents had remained stable for the longest period since reiwa.com first started capturing rental data in 2001. […]
Referred by their mortgage broker, a busy professional couple came to Capital Property Advisory (CPA) initially looking to acquire an investment property with a view to hold it long term. CPA were engaged to provide acquisition and property management services.
The clients saw the benefit in engaging CPA as they wanted to increase their exposure to property, but, with two demanding jobs, were very time poor. On the back of our diligent research and search process our acquisitions team was able to source and secure a fantastic rental property in an area we felt would outperform from a growth perspective.