Phil's Property Corner
February Market Update
Thank you for your continued support as a referral partner with Candour Property Group. I have included my Monthly Market Update below.
Hot on the heels of ANZ’s survey, we have now seen CommSec publish their ‘State of the States’ quarterly research paper. This research measures economic growth, retail spending and unemployment on a state level.
The Today Show covered this release in a segment and interviewed Ross Greenwood, an experienced Australian Financial Analyst for his thoughts on the findings. He summarized the report and then spent the last portion of the interview giving his opinion on the next property hotspot in Australia.
“If I was to pick one state that I was going to buy a house in for the next few years it would be in Perth right now. And the reason for that is, the mining industry is starting to pick up, the unemployment rate is starting to slow and I just have a sense that affordability of houses in Perth is probably better than just about anywhere else in the country right now.” – Ross Greenwood (Australian Financial Analyst), you can hear this for yourself right at the end of this video.
In mid-January WA’s Chamber of Commerce also released the results for December 2017’s WA market consumer confidence survey and it showed a very strong increase from September 2017, making market confidence in the next 12 months the highest it has been since 2013. Their survey is here and PerthNow covered the result in this article.
Over the last few months first home buyers have started to become significantly more active in the Perth market also, with the number of days taken on average to sell a Listing trending back downwards. When you couple this with the Perth rental vacancy rate dropping significantly, now down to 5.5%, the property market is starting to look quite healthy indeed.
Candour’s philosophy is that property investment can be an incredibly powerful financial tool to reduce debt and create wealth. Quality of every facet involved in property investment is vital - the property location and type, the way the strategy is implemented, the finance structure used and ensuring the risks are thoroughly mitigated. How this works is different for everyone and our approach is tailored specifically to each client’s financial position. The added benefit of exploring your options in a market such as this is that you’re taking advantage of an incredibly affordable market, with a plethora of signs that the market is on the improve.
If you would like to know more the first step is to have a chat with Phil Bertram who can book in an appointment for you to find out how this works for you. There is no obligation to proceed any further and he doesn’t charge for his time.
To arrange for him to call you please email him with your name and contact number on email@example.com and he’ll be in touch. Or contact him directly on 0477 228 803.
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You can find all previous Market Updates here.