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…
‘Buyers’ fright’ blamed for Perth rental famine
Despite displaying resilience amid the COVID period, with dwelling prices and population surging, Perth still has yet to come close to the investor interest levels seen during the last housing boom, an expert said. Nu Wealth’s managing director, Daniel McQuillan, has cited “buyers’ fright” as one of the main reasons behind Perth’s subdued recovery – despite…
Bang for your buck at boutique development
Stage two of a boutique residential development located in Clarkson’s centre has just been released, consisting of 13 house and land packages priced at $399,000. Nu Wealth Executive Director Daniel McQuillan said stage one of the Ocean Central development had sold out and he expected the 13 house and land packages in stage two to…
5 Perth suburbs set for big rebound
Near-city suburbs in Perth have endured mixed fortunes for more than the last half-decade, but in 2021 they’re shaping up as the most sought-after locations in a wider city market poised for strong growth. January data from CoreLogic revealed the Western Australian capital was the fastest growing capital city market in the country, with the…
Perth Being Re-Imagined.
Perth being re-imagined! Exciting times ahead for the capital city as its Skyline transforms with two new beautiful additions creating over 2.5k jobs. Western Australia is the strongest economy in the country and one of the top performing economies in the world. It has shown resilence during the ongoing pandemic with new projects, more employment…