Perth Property Market Update
We attended a Perth Property presentation by LMW Valuers earlier today.
The presentation was informative and we are pleased to share the following summary points:
It’s not all doom and gloom:
Good affordable stock always in demand
Stock levels tightening in established, well regarded inner city suburbs (along coast & within 10kms of CBD)
Well appointed modern & contemporary homes in demand
Can still add value with good buying & smart spending
Further volatility possible, but we’ve seen the worst
Excellent buying in the current market, great opportunity for upgraders
What to be wary of:
Properties that need work, particularly in suburbs with excess stock
CBD apartments, still considerable oversupply
Whether you are a first home buyer, an 'upgrader' or an investor, it could be a good time to consider your property investment strategies. Give us a call to determine what is possible for you.