With disproportionately large incomes FIFOs accustomed to travelling to and from the airport are taking the plunge and buying in the City of Belmont in big numbers. Many are First Home Buyers but many are investors seeking to capitalise on the better rental returns compared to other similarly priced areas in Perth. In the City of Belmont there is up to a 15% better rental return in the area than similar priced properties in Morley or Nollamara. With the recent rezoning in the area that took effect in December, developers are also beginning to come back into the market after a long absence after the GFC. The widening of Great Eastern Hwy, “The Springs” development in Rivervale on the river near The Farmer Fwy and the new stadium in Burswood are all solid reasons to expect this area to outperform the wider Perth market over the next few years. Contact Andrew Huggins at Ray White Urban Springs for more information.
If you are looking to sell your property or require property management services please call 08 9277 3555
When most people think about negotiation, they picture the moment an offer is presented. In reality, by then much of the negotiation has already taken place. The best results are often achieved long before the first offer arrives—by creating competition, gathering valuable buyer intelligence and ensuring prospective purchasers are emotionally invested in the property. This is where experience matters.
Auctions may be unnecessary when buyers are already competing in a hot market. As Perth conditions weaken and buyers gain more choice, however, a professionally conducted live auction can create the urgency, transparency and competition required to achieve the strongest possible result.