Invest Before The End of the Financial Year
If you are thinking about investing in the Perth property market now is the time to do so. Rents are at record highs, the demand for rentals is every growing giving you a great opportunity to lock in a great term long term at a premium rental figure.
The best places to invest are in areas with high population growth near transport especially train stations and need amenities such as schools and shops. One such great investment opportunity is 15 Jedburgh Loop, Sinagra which is renting out for $400 per week and is on the market for $345-$355,000 giving a great rental return. You can see more information here:
Now Is The Time to Buy
According to the latest REIWA statistics the median weekly rent for a house is now $420 per week, an increase of 5% from last quarter and 10.5% from last year. The number of rentals available is declining and people are struggling to find rentals. With this rental boom going on i am amazed more people are not looking a purchasing there own property. Property prices are depressed, there is an oversupply and interest rates are at historically low levels. The gap between an average mortgage and average rent is declining all of the time, yet people still seem unwilling to buy a new property.
My honest advice is to get out of the rental market and get onto the property ladder. For help with this just contact me, i am more than willing to help.
Perth Rents Set to Rise Amid Shortage
Perth rents are expected to surge because of an undersupply that has already pushed up weekly rents by $15 since mid year. The median rental figure is now $395 per week. The rental vacancy rate has dropped to 2.8% in September down from 3.4% in June. The sluggish property sales market has caused this upturn in the rental market.
