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Perth Set To Fire!
26 Sep 2019| Posted by: Geoff Baldwin
After almost 6 years in the doldrums all the signs are now present for the Perth market to rebound strongly into 2020 and beyond according to RE/MAX WA MD and 30 year property investment specialist, Geoff Baldwin.
While the Sydney and Melbourne markets have boomed over recent years WA has battled to recover from the downturn of its mining sector from 2014 and the ensuing loss of jobs and decline in population which had an extremely negative affect on the local property market.
As a result of this downturn property prices, which were on a par with Sydney and Melbourne in 2012 are now almost half the median value of those capitals.
The great news is, according to even the most conservative property projectionists, Perth has bottomed out and is now the hotspot target for savvy investors looking for steady capital appreciation and the best rental yields over the next few years and beyond.
With tens of billions of dollars committed to new and expanding mining projects, property prices at rock bottom, the rental vacancy rate down from 8% to under 3%, upward pressure on rents, plentiful choice of available stock, record low interest rates and the existence of positively geared opportunities for the first time in many years, it is definitely the time to look invest in the West.
Myself and experienced my long term associate Sven Robertson who between us have over 50 years’ experience dealing successfully with investors, will be visiting Sydney and Melbourne during October to meet with investors, to facilitate free Perth Property Information Workshops and to provide the inside running on some of the best opportunities currently available in the Perth market.
Spaces are limited so if you would like more information, a copy of our Look West information pack or to book a seat at one of our workshops, please simply click on this link and register without obligation.
