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Perth Property Market Update: Onward and Upward!

Perth Property Insider Podcast

English - March 24, 2021 17:00 - 40 minutes - 36.9 MB
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Previous Episode: Episode 15: How to Treat Your Investing As Your Business with Jewayne Loong
Next Episode: Episode 17: Should I Upgrade, Invest or Pay Down Debt?

There’s an undercurrent of fear due to crucial changes about to happen… Many are asking if we are in a bubble that will soon burst?

Despite that, we’re seeing a lot of momentum in the Perth property market.

In my March 2021 Perth Property Market Update, I want to go over the sale and rental market plus some new areas I haven’t touched on in previous updates to directly address the concerns that I am hearing from our clients. 

I’m going to look at what is really happening as we’re heading towards the end of the moratorium. I’ll also dive into the current level of business confidence, the end to job keeper, expected loan default levels and the risks from heavy exposure to China and the mining sector. 

Don’t miss out on this very important update by tuning in now. 

 

Episode Highlights:

What’s happening in the Perth Sale Market [02:12] Continued supply tightening in the Perth sale market [02:18] Week-on-week sales hit a new record [03:56] New inventory stat shows we’re down to 2 months of inventory [04:33] Improvement in house sales & median price [05:33] Leveling seen in unit sales & median price [06:14] Land sales and median price relatively unchanged [06:59] Average selling time at an all-time low [07:53] What’s happening in the Perth Rental Market [08:29] Continuing decrease in properties for rent [08:35] The vacancy rate shows a 64% decrease compared with last year [09:47] Average rent at $365 [10:13] Perth is now a rising market for houses [11:26] Now is the time to buy units [12:13] Factors Affecting the Market [12:51] Low interest rates expected to continue [12:58] Low mortgage arrears in Western Australia [14:36] Worst suburbs for mortgage arrears [16:06] 3x normal levels for first home owners grant activity [17:06] Top locations that received first home owners grant [18:45] Current business confidence shows a lot of optimism [19:13] Risks from dependence on China [20:17] Risks from dependence on mining [22:09] Not much changes in government policies [23:13] Changes once the moratorium ends [26:04] Stats on the Job Keeper that is also ending [30:44] Tips to survive and thrive [34:00] My crystal ball for the next 2-3 months [35:54]

 

Resource Links:

 

About Our Host:

Jarrad Mahon is the go-to guy in property management and investment in Perth, giving you his insider view on the Perth market and the strategies needed for you to grow your wealth and improve your life. All you need to do is to stay tuned!

 

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