If you’re a Perth property owner who has held on through the financial rollercoaster ride of the past 10 years, you might finally look set to be rewarded.
PERTH
Perth’s 10 biggest property hotspots for 2021 will include several underpriced coastal suburbs and rezoned areas attracting developer swarms, a local expert say…
With prices on the up and confidence growing, it seems finally some good news has dawned on the Perth housing market.
In November, properties across Perth sold at the fastest rate since 2006.
Perth housing sales have surged to their highest level since the city's last property boom seven years ago.
WA still retains the title for the most affordable, with the proportion of family income required to meet the median rent sitting at 17 per cent.
Young Western Australians driving an increase in first home buyers entering the market.
Perth's property market is on the rebound, experts say, with vendors welcoming rising prices after a battering by COVID-19.
Land sales within a 10-kilometre radius of Perth’s CBD are increasing as property sales suggest the city’s urban sprawl is beginning to retract.
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Homebuyers are prioritising lot size over near-city locations and the size of new houses is growing at its fastest rate in more than a decade, with the COVID-inspired shift of buying preferences expected to be a lasting phenomenon.
Hobart continues to lead the nation for profit-making home sales, with profitability across markets tipped to rise in the coming months as low mortgage rates, improving economic conditions and rising consumer sentiment combine to result in an increase in happy vendors.
A lack of housing stock for sale has become a national theme as property markets position themselves for a vaccination-led post-COVID recovery on steroids.
Cedar Woods CEO Nathan Blackburne tells us he is expecting a resurgence of investors in 2021, and also reveals the markets where the ASX-listed developer is banking on the biggest growth.
Developers and selling agents on Queensland’s Gold Coast say the surge of demand that occurred in the back half of 2020 is showing no signs of slowing down, with buyers lining up in droves for established properties as well as off-the-plan apartments.
Sydney and Melbourne are likely to remain the top investment destinations in the Asia Pacific for institutional investors in 2021, with North American and European interest expected to rise sharply.
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