Residences in Southern River, Western Australia | Holiday home rental

Residences

Locality: Southern River, Western Australia

Phone: +61 406 105 918

Address: Nile Crescent 6110 Southern River, WA, Australia

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25.01.2022 March 2020 vacancy rates and median rents are now available. Head over to our website for more information: https://bit.ly/3bb539C #reiv #melbre #rental #realestate

24.01.2022 It's the weekend and we are ready for some more sunshine and outdoor activities in Perth! One of Perth's most popular walk tracks is along South Perth's Foreshore. As you can see, the views are fabulous! : Osprey Creative

21.01.2022 Sales activity decreased 14 per cent in Perth last week, with REIWA members reporting 889 transactions. Learn more in our weekly Market Snapshot: https://bit.ly/3oqr9gf

16.01.2022 West coast = best coast @aquaflyte #soperth #isoperth #citybeach #perthbeaches

15.01.2022 We can't wait for the time to once again be able to visit Hillary's Boat Harbour, one of Perth's best recreational destinations.

14.01.2022 Your dream is a financial free senior life, start building! Talk to me.

13.01.2022 The capital of Western Australia, Perth is very isolated from the rest of the country, yet is routinely considered one of the most livable cities in the world t...hanks to its laidback vibe, fantastic cultural sites, and range of services on offer. A youthful place, Perth is nearly always bathed in sunshine and its stunning beaches are perfect for kicking back and relaxing on. Away from the beach, there are lots of outdoor activities for you to enjoy. There are loads of fantastic museums on offer as well as some great shopping options in this city of nearly two million people. With a huge of variety of bars, cafes and restaurants, isolated Perth is the perfect gateway to the rest of the west. <3 : @One Man Wolf Pack on YT #australia #aussie #Perth

10.01.2022 One of Perth's premier snorkelling spots is only a 30 minute drive from the CBD!

08.01.2022 Australian house prices are already on the rise and they could rocket even further when the international borders open – particularly in Perth, writes KAT...E EMERY WOULD you fork out $1 million for a Perth property without setting foot inside? What if you knew the rent you could collect on that property would be twice what you’d get in Sydney or Melbourne? Or how about you’re an expat stranded overseas, desperate to buy before you’re priced out of the market? As Australia prepares to reopen its borders to the world next year these are some of the questions facing would-be property buyers in Perth, where demand is such that prices in some suburbs jumped more than 10 per cent for the first three months of this year and nearly 70 per cent of homes are selling at or above asking price. With expectations that potentially thousands of WA expats and wannabe migrants are in the queue, a rental market that makes renting pricier than a mortgage, a skilled worker shortage and historic low interest rates, experts are starting to ask questions of their own. One in particular: could Perth be heading for a fresh property boom when the walls around Australia finally come down? Space Realty agent Justin Davies routinely fields calls from expats who want to come home to Perth and are happy to buy sight-unseen or via a virtual walk-through . He said that level of confidence was being driven partly by an incredibly tight rental market that reassured buyers they could cover the mortgage by renting out the property. The other half of the equation is that, since Perth came through COVID relatively unscathed, it has become a more attractive place to live. “Already there’s a significant number of expats either looking at coming back or that are already buying into the Perth market,” Mr Davies said. “I think that COVID has flipped that whole thought process around Perth so the idea of being in a pocket of the world that’s distanced from the madness is the prevailing thought.” With a decent number of expats already zooming back like homing pigeons, Mr Davies said he did not expect prices would go “flying up” the moment the borders reopened. Still, he is expecting big growth ahead, pointing to the fact that median house prices are only a little higher than they were before the global financial crisis. Real Estate Institute of Western Australia figures put the current median house price at about $508,000, compared with $475,000 in 2007. A $1 million property bought in Perth, Mr Davies said, could be rented out for “about twice as much” as a $1 million property in other Australian cities, where house prices are much higher than their pre-GFC levels. “If we drew a line and said we are sort of back to where we were pre-GFC , to think the market’s not going to continue to go up even though Sydney and Melbourne have doubled and tripled since the GFC . . . with all these other factors in play, that’s ridiculous,” he said. And while it might “sound ridiculous” to suggest the market could rise anywhere from 30 per cent to 80 per cent, he said “that’s what’s happened everywhere else” . Key to understanding what could happen once travel home to Australia becomes easier is that figures suggesting about 35,000 stranded citizens likely underplays the number of people who would like to return. That is, there is a difference between people desperate to return to Australia and willing to do just about anything to do so, and those who want to return if and when travel becomes easy and affordable once more. Expats lured overseas by the promise of big-city life, with all the culture, money and travel opportunities that implies, might now be eyeballing Perth’s comparative economic strength and lifestyle in a way they didn’t a year ago. REIWA president Damian Collins said West Australians who had planned to stay away for a decade but have spent the pandemic stuck in a tiny apartment might seek out the Perth lifestyle “rather than chasing the London, New York or Hong Kong money” . For similar reasons he expects to see an increase in migration, partly from those chasing the Perth lifestyle and partly from those looking to take advantage of WA’s shortage of skilled labour in some industries, particularly mining and construction. “We certainly already have a reasonable number of expats coming back,” he said. “I think people are going to look at Australia — and particularly at Perth — and I think there’s going to be a change of mindset that people have that it’s not about the big cities but about big green space and sun that’s important to life.” Mr Collins said, while predicting a new housing “boom” may be “a step too far” , the comparative cheapness of buying in Perth gave him confidence prices had “a way to run” . West Australians, for example, pay about 24.8 per cent of their income towards their mortgage, compared with 44 per cent in NSW. Given that buying within spitting distance of central Sydney currently appears to require access to a small fortune, Perth’s comparative cheapness and economic strength — the State’s unemployment rate dipped to 4.9 per cent in April, the lowest since the last mining construction boom — could lure not just expats and international migrants but those from interstate too. CoreLogic research director Tim Lawless said the combination of “affordability along with improving economic conditions should help to attract more people across the border from other States” . “Despite the currently strong rate of capital gain, housing in Perth remains affordable relative to the other capitals,” he said. “Based on the median value, Perth house values are $610,000 lower than Sydney, $333,000 lower than Melbourne and $85,000 lower than Brisbane.” Social researcher Mark McCrindle said interstate migration would likely be the main driver of population growth in WA and particularly in Perth in the near term, given international migration levels could take a decade to return to pre-COVID levels. “It’s been quite the turnaround in just a year: in the December quarter of 2019 WA experienced a net loss to the rest of Australia,” he said. “For the December 2020 quarter, and keep in mind you saw restrictions around travel, WA had a net gain. “This has been a very sudden turnaround and it’s not just the mining bringing people back, it is how Western Australia coped with COVID and also people saying, well, the lifestyle is good, maybe I can be a bit more flexible around my work, as well as people just looking for affordability and lifestyle. It’s more diversified (interstate migration), which is why I believe it will be more sustained.” Of course, not everyone buying in Perth right now is a returning expat or would-be immigrant. There are also plenty of locals taking a punt for a variety of reasons, including a historically tight rental market and expectations that house prices will continue to climb. Perth radio producer Suzy Oldfield recently bought her first home, lured by a combination of not being able to travel and historic low interest rates. “Made my first mortgage repayment today and it blows my mind it was less than what I was paying in rent before,” she tweeted this week. “I saw the price hikes in houses and rentals coming from a mile away,” she told The Sunday Times. “It felt like it was now or never and I’d kick myself later if I didn’t take the plunge.” Coogee restaurant owner Tam Tran has bought four investment units this year and sees prices in Perth, which he has called home since coming here as a student 13 years ago, going “to the moon” . “All of my properties got rented out within two days after the settlement date,” he said. “I think Perth house prices will go up for sure as we have done an amazing job against COVID. People out there are jealous of us here in our State. “With all the labour shortage at the moment I believe the Government will do something to attract more people to Australia and will cause the house market (to boom).” His agent Lily Chong, who heads IQI WA, part of the Asian real estate group Juwai, said COVID had “transformed Australia’s reputation” . “We used to be seen as a sleepy Western-style nation in the Pacific,” she said. “Now, because of the pandemic, Australia is recognised as one of the safest places in the world. That gives buyers double confidence in purchasing here. “We have received many enquiries from expats who want to move back here or foreigners who want to migrate here.” Juwai IQI executive chairman Georg Chmiel said the local team had continued to sell to buyers from Malaysia, Singapore, Indonesia, China and Hong Kong despite the travel restrictions, but the end of these curbs “will mean the rubber snaps back in the other direction” . “All those buyers who have held back will be considering going ahead with their transaction. For example, students will return, and they are a driver of significant transaction numbers,” he said. “Things are not yet back to normal, but COVID is now just a fact of life for many buyers. They expect life to go on. Most buyers in Perth already know the city or have children who intend to move there or who already live here. “One recent buyer from China is typical. She could not travel to Australia but went ahead with the purchase. “When Australia lifts the travel restrictions on Chinese, she will be able fly in and inspect the property. After that, we can settle. “The price range is about $1 million. She has confidence in WA.” One of the major question marks over the future of house prices in Perth is the Reserve Bank of Australia and what it plans to do with rates. The RBA’s May board meeting left the cash rate at a record low 0.1 per cent and minutes from that meeting confirmed the central bank’s view that interest rates would likely remain untouched for the next few years. “The board will not increase the cash rate until actual inflation is sustainably within the 2 to 3 per cent target range . . . it was likely that wages growth would need to be sustainably above 3 per cent,” the minutes said. “The board viewed these conditions as unlikely until 2024 at the earliest.” AMP Capital chief economist Shane Oliver, however, made the point that if the borders reopen in 2022 as planned and inflation spikes, the RBA could easily surprise the market by bringing interest rate increases forward by a year. He said the other key unknown was how gradually or quickly the borders would come down and how quickly the migration numbers pick up again. “It all depends on how quickly migration returns,” Dr Oliver said. “Then it’s a question of how quickly the numbers pick up again. “Normally you’d say immigrants coming back means prices will take off and there is a risk of that. But if it happens gradually then it may not provide the boost some people are looking for.” Of all the States and Territories in the country, however, Dr Oliver said WA was the best place to benefit from upward pressure on prices. The State is coming off relatively low prices and has very low vacancy rates. “I reckon WA is better placed than other places around the country because you’re just emerging from a nine-year bear market,” he said. Something of Dr Oliver’s sentiment was echoed by the National Housing Finance and Investment Corporation, which predicted in a report last year an “unprecedented demand shock” as a result of the pandemic would see new supply outstrip demand across much of the country this year and next. However, it highlighted that in Perth — and indeed Adelaide — demand would be increasing from 2021 but the supply response “is expected to be relatively subdued” . As a result there would be net under-supply beyond 2022. “In Perth, demand is expected to increase strongly over the forecast period from 2021,” the report said. “The supply response to this pick-up in demand is expected to be relatively subdued, with net new housing additions remaining at less than 15,000 annually from 2023 to 2025.” Or to put it another way: if a property boom is to happen anywhere in Australia on the other side of these border closures, it will happen in Perth. Copyright 2021 The West Australian

06.01.2022 So Where Next? Hutt Lagoon, Western Australia Is this real life, or heaven?? believe it or not, this pink lake is every bit as real as you are! Just ...south of Kalbarri in Western Australia, it's a stop you've got to make on your road trip! : @haylsa

02.01.2022 Photo by Kane Artie Photography