September 17, 2018
Understanding the key drivers of long-term demand is crucial to making good real estate decisions and understanding when to purchase.
Population Growth An increase in jobs means an ongoing demand for new housing stock. As population grows, new households are formed (or arrive) and need somewhere to live. New migrants from interstate or overseas are an important source of household formation, as is the transition from adolescence to adulthood and…
September 14, 2018
14th September 2018
Source: West Australian Newspapers
WA has the nation’s strongest job market with thousands of people finding full-time work as the State’s economic recovery gains traction.Bureau of Statistics figures show that since March, WA has added almost 24,000 full-time jobs, or 2.6 per cent, with the key metric at its highest since late 2015.No other State has had such a strong lift in full-time work in the same…
September 12, 2018
Source: Real Estate Conversation
The property industry is continuing to drive the Australian economy according to the latest economic growth data.
The Australian economy grew by 0.9 per cent in seasonally adjusted terms in the June 2018 quarter National Accounts released last week, with annual growth of 3.4 per cent.
Investment in new dwellings increased 3.6 per cent for the quarter, with strong results in Victoria and South Australia.
September 10, 2018
The strongest growth in job ads in the nation for the last 12 months, coupled with growth in the median wage in WA to just shy of $90k.
These are baseline economic factors that drive the property cycle.
More jobs and increasing wages means more people. More population with more money in their pockets means more household spending. More household spending means more business investment. More business investment means more…
September 6, 2018
Source: Real Estate Conversation
When it comes to property investment, buying is all in the timing. While the nation (or at least the majority of the nation’s population) has been watching Sydney and Melbourne’s residential markets boil over and now begin to slide, Perth’s residential property market has been preparing for its return to the spotlight.
Reports issued last week outline that there are $130 billion in mining projects either…
September 4, 2018
Source: WA Today
As President Jed Bartlet said in TV series The West Wing, decisions are made by those who show up.
Similarly, the future of Perth will be influenced by those who take an active interest.
Today, WAtoday launches Big Perth, a series with the goal of ensuring residents are fully aware of the implications of the city’s growth plans to 2050.
The long-awaited Perth and Peel@3.5 million planning frameworks…
August 28, 2018
Source: The West Australian
WA is on the cusp of a $9 billion-a-year jobs bonanza servicing Australia’s vast LNG projects as an alliance of energy giants bids to make Perth the southern hemisphere’s version of Aberdeen, Doha and Houston.
WA’s Agent General in London, Mike Deeks, has flown to Norway to spearhead the push to get multinational engineering and logistics companies to make Perth their southern headquarters and…
August 24, 2018
Source: Business News
Two of Western Australia’s property industry leaders, Dale Alcock and Tony Fini, have teamed up to deliver a 20 home development targeting the ‘missing middle’ in Perth’s residential market.
Construction is already under way on the pair’s joint venture project named Mode, located on a 3,423 square metre site on the corner of Channon and Mills streets in Cannington, with completion anticipated for July 2019.
August 3, 2018
Source – The Real Estate Conversation
When it comes to re-financing, homeowners across the country are getting nasty shocks upon discovering their properties aren’t worth as much as they thought.
In the latest national survey of 1,022 people conducted for mortgage lender State Custodians, one in seven Australians with a mortgage (15 per cent) say they’ve tried to refinance a property mortgage in the past but were unsuccessful as the…