The property market has turned a corner since the advent of COVID-19 with prices increasing nationally for the first time in five months, by 0.4 per cent in October, with Melbourne the only capital city to record a fall in values.
Perth property is selling in less than a fortnight in popular pockets of Perth — and homes in some suburbs are selling five times faster than they were last year.
Record-low mortgage rates and a “less severe recession than feared” are set to pave the way for a V-shaped recovery in residential property market, according to Westpac’s chief economist.
Having previously purchased two adjoining development sites for our client for longer term development, we were engaged again to find a development site that could assist in funding the future development of the aforementioned acquisitions.
Perth is in a strong position to rebound from the pandemic-induced recession and there are “enormous opportunities”, says the founding director behind one of the city’s biggest development companies, Hesperia.
A busy professional couple, referred by their financial planners, recently came to Capital Property Advisory (CPA) for buyer’s agency services to assist them in acquiring a development site.
Seeking to expand their property investment portfolio, the couple was finding this difficult to achieve, being very time poor with two demanding jobs.
The clients’ brief to CPA was to find a sub-divisible property (side by side dwellings or retain and build) in a premium inner city established suburb (5km radius to CBD) in order to undertake their first development.
Tune in and listen to Matthew Hughes of @capitalpropertyadvisory give his view on the current property market.
Everyone loves a contrarian position, and I enjoy betting against conventional wisdom.
Whether you’re looking for your first house, an investment property or a new home to suit your growing family, it can be challenging to navigate the Perth market and the buying and selling process alone.
Moving house is one of life’s most tedious tasks and doing it during a health pandemic, when we are being advised to stay at home, doesn’t make it easier.
Australia’s pragmatic Prime Minister Scott Morrison has, unsurprisingly, pivoted to the possibility of an early release from the lockdown, which if prolonged indefinitely would push the country into an extreme depression with far greater human costs than the capricious coronavirus.
As we move through the eye of the coronavirus storm, two key events will be turning points for markets. The first is when the rate of increase in the number of new infections and deaths in larger economies starts to noticeably decline, signalling that containment strategies are doing their job.
While circumstances change and these times are unique, the market will bounce back; always has, always will – the only question is timing.
This too shall pass: are they just comforting words referencing the cyclical nature of markets and history, or a wishful sentiment in a new age of raging fear and financial gloom?
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.
The sun is still below the horizon and the temperature barely above freezing when Jesse Itzler gears up to ascend a black diamond ski slope. “We’re going into the clouds!” he exclaims, eyeing the snow-covered summit of Vermont’s Stratton Mountain, which is ominously concealed by dense fog.
Property investors believe Perth has the strongest potential for growth of any capital city in Australia during the next three years, according to a new national survey.
More than half of Australians over the age of 55 are open to downsizing, according to a new report based on a survey of 2,400 households.
Australia’s property revival is spreading across the country with prices now rising in every major city.