Renovate without the rose-coloured glasses
Interest rate rise not the most pressing issue
For the first time in more than 11 years, the Reserve Bank of Australia (RBA) has lifted the official cash rate, increasing it by 25 basis points to 0.35 per cent. According to the RBA Governor Philip Lowe, the board judged that now was the right time to begin withdrawing some of the extraordinary monetary…
2022 to see national rebalance in Perth’s undervalued house prices
In historic terms, Perth house prices are now massively undervalued compared to the national average for Australian capital cities, according to Nu Wealth Managing Director Daniel McQuillan. “Overall, Perth house prices are set for a major national rebalancing as occurred 20 years ago, beginning in 2002,” he said. “The latest national figures produced by the…
Are Perth properties undervalued?
According to Daniel McQuillan, managing director of Nu Wealth, Perth house prices have been ‘massively undervalued’ compared to the national average for Australian capital cities. “The latest national figures produced by the Real Estate Institute of Australia reveal that the median house price in Perth at $520,000 was the lowest median capital city house price…
Rise in Perth house prices tipped for 2022
Perth’s property prices are expected to rise and creep closer to the capital city average in 2022, after being historically undervalued in comparison. Daniel McQuillan, managing director of Nu Wealth, has predicted that “Perth house prices are set for a major national rebalancing”, similar to what happened in the market 20 years ago. Mr McQuillan…
Perth poised for growth in 2022
Perth property prices are expected to rise again in 2022 after being historically undervalued compared to the national average for Australian capital cities. Daniel McQuillan, managing director of Nu Wealth, has predicted that “Perth house prices are set for a major national rebalancing”, similar to what happened in the market 20 years ago. Mr McQuillan said…
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…
