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
Whenever major geopolitical tensions occur, particularly in the Middle East people naturally ask whether global events will affect property markets closer to home. With renewed tension between the United States and Iran making headlines, some buyers and sellers are wondering whether the Perth property market could be impacted. The reality … Read more
Online property auctions have become more common in recent years as real estate agencies experiment with digital sales platforms. They are often promoted as modern, convenient, and transparent. However, when you look closely at how auctions actually work, online auctions often weaken the very factors that make auctions effective in the first place. While traditional auctions can sometimes generate strong competition between buyers, online auctions frequently struggle to create the same momentum. Understanding these differences is important for sellers deciding how to take their property to market.