Perth median set to rocket in perfect storm
Western Australia’s booming economy, the housing supply shortage and opening borders will all contribute to a median home price boost to above $600,000 by the end of 2022, according to Nu Wealth Managing Director Daniel McQuillan. Helped along by a falling unemployment rate – dropping 0.4 per cent to 4.1 per cent last month –…
Grand Final a chance for Perth to shine
A Western Australian sporting windfall to rival Fremantle’s hosting of the America’s Cup in 1987, Nu Wealth Managing Director Daniel McQuillan said today’s AFL Grand Final at Optus Stadium represented an opportunity to showcase Perth’s residential and lifestyle opportunities to the rest of Australia. “For too long, Perth has been viewed by people on the…
Hot market draws eyes to house and land packages
According to Nu Wealth Managing Director Daniel McQuillan, there has been a major upswing in investor activity in Perth, driven by affordable property prices and rising rents over the past three months. Mr McQuillan said with just 8500 properties currently listed for sale at the start of this month, the stock levels of established homes…
Looking outside the metropolitan box
Property investors ignoring Perth’s outer-suburb apartments might be missing out, as urban sprawl is making fringe developments increasingly attractive prospects. While investors have traditionally looked to inner-metropolitan complexes for their promising rental yields, Kim Bevan Real Estate Principal and Licensee Kim Bevan said people were now being drawn from Perth into suburbs like Joondalup, which…
WA’s future bright with investors
The 2021-22 financial year is looking bright for Western Australia, with the latest Australian Bureau of Statistics figures showing droves of investors returning to the local property market. According to the findings, lending to property investors in the state was up 209 per cent – from $161 million in May 2020 to $498 million recorded…
Many options available to fund your golden years
Thinking about selling your home and downsizing? Many seniors dream about financing a chunk of their retirement by selling their current home, buying a smaller place and investing the difference for income. However, more often than not, they tend to gain less profit than they hoped. Nu Wealth Managing Director Daniel McQuillan said when done…
Rising wages tipped to drive up property prices
Stronger wage growth across the state coupled with lower interest rates has given Western Australia the economic capacity to achieve substantial rises in property values after years of contraction in the local property market. This according to Nu Wealth Managing Director Daniel McQuillan, who said Perth’s property market would continue to boom for as long…
Research Property market update: Perth, March 2021
Perth’s property market made a strong showing in March, as solid demand fuelled greater than expected gains over the month. Can the WA capital continue to grow to match the levels seen in the 2014 housing boom? Perth continued to impress market observers, as the WA capital delivered steady and solid growth that surpassed expectations…
Looking on bright side as WA braces for rental price surge
Perth is still blowing its eastern states counterparts out of the water when it comes to rent affordability near the CBD, even though the market is bracing for a price surge. An investigation by the Australian Housing and Urban Research Institute (AHURI) and partner universities found low-income earners were struggling to find rental housing near…
Price surge on the cards as investors still missing in action
Perth’s real estate boom has failed to fix the city’s feared rental drought, with newly released figures showing property investors have largely shied away from adding to the dwindling vacancy cache. Following the end of the COVID-19-inspired ban on rent rises and evictions on March 28, experts expect prices to surge due to lack of…
