Property market update: Perth, January 2021
By Zarah Mae Torrazo
19 February 2021
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1 minute read
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Things are looking up for Perth in 2021.
The WA capital’s property market is forecast to deliver double-digit growth this year, driven by an ongoing recovery in the base commodities market.
According to the
Housing Boom and Bust Report 2021, released by SQM Research, the rise in dwelling prices in 2021 will be the result of the previous year’s aggressive government stimulus, interest rate cuts and the upcoming changes to responsible lending laws.
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Perth started the year on a steady footing, with housing values recording solid gains. Will it continue its strong performance throughout the year?
Property economist Dr Andrew Wilson reveals the steps investors need to take to create an investment strategy in the current market and deep-dives into the capital cities, introducing his thoughts on where the value lies.
The demand for larger properties is tipped to continue as Aussies turn their backs on apartment living out of both preference and convenience, as the COVID-19 pandemic leaves people looking for more personal space.
The importance of planning before buying – why caution is key
By Maja Garaca Djurdjevic
11 February 2021
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1 minute read
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Before cashing out on a property, buyers of all ages and experience levels are encouraged to have a comprehensive plan in place that caters to several key elements.
Extensive preparation is key when approaching a property purchase, and online finance calculators don’t count, Pure Property Investment’s Paul Glossop said on a recent episode of The Smart Property Investment Show.
“It starts with preparation because it doesn’t take much to jump on an online finance calculator and say here is my income, here are my debts, how much can I borrow? That is not a strategy,” Mr Glossop advised.
Has COVID-19 truly killed the office?
Has COVID-19 truly killed the office?
Sophisticated investors have traditionally held a mixture of residential and commercial properties in their portfolios, but today’s COVID-altered real estate space has put a question mark over this strategy.
Institutional and super fund investors typically build out their portfolios to include some exposure to both residential and commercial real estate, ensuring they benefit from the innate demand in both sectors, but COVID could spell an end to this strategy, Avenor managing director James Paver said.
It’s no secret that COVID-19 has shifted demand for real estate assets, particularly in the commercial space as work moved from the office to home following a series of lockdowns and restrictions. But has the pandemic actually killed the demand for office space entirely?