The Buying of Perth Real Estate for Wealth, Part Two: Location

In our recent blog, we discussed the importance of property investment as an integral part of growing wealth. 

We also wrote about the potency of appointing Buying Perth Real Estate as your Buyer’s Agent. How it can be a fast track way to building a personal property portfolio; a portfolio comprising of chosen properties with the most favourable terms and potential.

Location, Location, Location

Some properties make better investments than others.

The goal for any buyer should be to get the right price for the right property, not just the lowest price on any property.

To achieve this goal, an accurate assessment of the market value and the rental potential, together with a valued opinion of the location are just a few of the ways a Buyers Agent works in Perth.     

Whether you’re a first home buyer in the Perth area or a seasoned investor if buying real estate in Perth, it requires the attention to areas such as rentals and sales activity.

Whether you are a first home buyer or downsizing or upsizing in the Perth real estate market, it becomes increasingly important to use an experienced buyers agent in Perth.

Location and selection.

As experienced Buyers Agents, we are continually reviewing all areas of the real estate market in Perth and regional areas for our clients. We see the areas where the best property buying in all of Perth are located.

Because of our coveted relationship with so many real estate agents, we find that up to 30% of properties sold aren’t even advertised to the public.

“Why? you may say.” There are plenty of reasons.

Some sellers require a quick sale; others don’t want the expense and inconvenience of going through a lengthy auction process, others  wish to protect their privacy and don’t want weeks of having home opens.

Agents look forward to hearing from Buying Perth Real Estate as they know us as the experienced buyer’s agent in Perth.

They know our clients are genuine buyers and have their finance arrangements organised well in advance to enable a quick and trouble-free sales process.

The agent works and is paid by the seller and they are their top priority while we as a buyers agent work exclusively for the buyer.

we receive no payment from the agent, this way there is no conflict of interest  

Buyers Agents/ Buyers Advocate Fees

Without exception, our clients report that the dollars we save them from our years of experience in negotiating real estate contracts, save them the cost to use our services – sometimes many times over.

Next, we will go through the negotiation process and how it works in your favour. Look out for this blog.

By reading the signs and using our experience, you can tell when the real estate downturn has ended, and when the upturn begins (or began)!

Don’t delay. Contact us for a free consultation. https://buyingperthrealestate.com/buyers-agent/

When will the local market gain again?

In their recent analysis of the real estate market across the nation’s capitals, domain.com.au put Perth under the microscope with the following insights.

Perth

To buy property in Western Australia is totally different to other parts of Australia and in fact throughout the world.

Perth’s rental market has strengthened over the year, reflected in rent price increases and a falling rental vacancy rate.

Median asking rents for houses in Perth were up 5.7 per cent in the year to September, to $370 per week. This marks a recovery from a rental price trough of $350 in September last year. It is also the strongest annual growth rate in house rents for more than six years, when the mining investment boom was ending. Nonetheless, Perth remains the cheapest capital city to rent a typical house.

Perth units saw a similarly strong rise in rents year-on-year, at 3.3 per cent (although unit rents remained unchanged over the quarter, at $310).

Rents increased the most in Perth’s inner suburbs over the past year, while rents were unchanged in Mandurah.

Perth has seen the second steepest annual decline in the rental vacancy rate behind Darwin. The rental vacancy rate fell by 70 basis points to 2.7 per cent in September 2019.

These figures point to a tighter Perth rental market. While this is not good news for renters, it may be a sign of a broader turnaround in the Perth property market. Stronger population growth, combined with a slowdown in new housing construction, is seeing vacant properties being slowly absorbed. The WA economy is also rebounding, driven by improving conditions in the mining sector.

Republished from domain.com.au, October 2019