Episode 66: Perth Property Market Update - Mar 22 - Forgotten Perth?

At the moment Perth is shown to have the second-lowest median house price of every capital city in Australia! So it would seem as though Perth has been forgotten despite its amazing fundamentals. 

Let’s deep dive into the underlying stats and factors driving our rental and sale market as well as my actions to consider and crystal ball for what I predict will happen in the year ahead.

I can’t wait to share this jam-packed episode with you so let’s go inside!

Resource Links:

Episode 62: Should You Sell Now... Or Ever? (https://www.investorsedge.com.au/perth-property-insider-ep-62-should-you-sell-now-or-ever/)
Episode 61: Likely Impact From WA Border Eventually Opening (https://www.investorsedge.com.au/perth-property-insider-ep-61-likely-impact-from-wa-border-eventually-opening/)
Get your complimentary appraisal here: (https://www.investorsedge.com.au/appraisal)

Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)
Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/perthpropertyinvestors) 
1 on 1 strategy session with Jarrad Mahon (https://www.investorsedge.com.au/strategy)
For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)
For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)
Get Jarrad’s strategic advice towards your property purchase and development plans (https://www.investorsedge.com.au/invest-in-perth-property/)

Episode Highlights:

Introduction [0:00]
Perth sale market

Number of properties for sale [1:05]
Number of properties sold [3:04]
Perth property market inventory [4:29]
Perth median house price [5:34] 
Perth unit median price [6:01]
Perth land median price [7:14]
Perth average selling days [8:06]

Perth rental market

Rental vacancy rate [8:49]
Median house rent [10:48]
Rental inventory [11:35]

Property clock timing [12:37]

Perth’s property clock label [13:01]
National property clock: units [13:28]

CoreLogic Index [14:14]
Factors affecting the real estate market [16:16]
Finance availability [18:13]
Homeowner lending by state [20:10]
Investor lending by state [21:06]
Performance of the stock market [22:36]
Economic forecasts for WA [25:20]
Iron ore price [26:43]
Tips to survive and thrive [27:42]
Looking at the overall market [29:42]
My crystal ball [30:53]

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