WealthBuilt in Osborne Park, Western Australia | Property

WealthBuilt

Locality: Osborne Park, Western Australia

Phone: +61 8 6163 6588

Address: 467 Scarborough Beach Road, Osborne Park 6017 Osborne Park, Western Australia, WA, Australia

Website: http://www.wealthbuiltgroup.com.au

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25.01.2022 WA the place to be! Western Australia has been effectively cut off from the rest of the world for much of 2020, as the State Government has sought to manage the health risks associated with the pandemic. While the strict measures have been very effective in halting the spread of COVID-19 in WA, they have also had the effect of reducing the number of people moving to the state.... As we begin to open borders and look at a safe transition to allowing more people in and out of WA, it is an important time to consider how we are going to strategically plan for population growth in the coming years. Read more: https://bit.ly/2WmTkQ7 #troyfelt #wealthbuilt

25.01.2022 Perth property values tipped for big bounce after border announcement! Perth house prices are bouncing back ahead of a surge some analysts predict could increase values by 10 to 15 per cent over the next six months. House values gained 0.6 per cent in October to a median value of $475,199, while unit prices rose 0.4 per cent, CoreLogic data released on Monday shows. Every Australian capital city across except Melbourne recorded a rise in values, seeing growth nationally f...or the first time since April. Read more: https://bit.ly/35XKWuS #troyfelt #wealthbuilt #realestate #economy

24.01.2022 First direct flight from Shanghai to WA aims to boost tourism! The first direct flight between Shanghai and Western Australia has landed as part of a one month trial which aims to increase Chinese tourist numbers in the state. The flights are expected to bring in an extra 3,000 visitors to WA who are predicted to spend upwards of $15 million , and if successful, the WA government will try and lock the route in as a regular service.... WA premier Mark McGowan said the flights will also be a boost to the states economy, providing a new freight route for local produce to China. The initiative is part of a plan to boost Chinese tourism in Western Australia which includes a $1 million marketing campaign aimed at younger Chinese tourists. Read more: https://bit.ly/38f6Rxd #troyfelt #wealthbuilt #perth

23.01.2022 House prices in most Australian capital cities are set to hit new records this year as home buyers take advantage of very low interest rates, a new forecast shows. Perth House and unit prices are both set to grow by 5% this year, then by 3 to 5 per cent next year, the report predicts. As the mining sector and local economy pick up, and population growth rises, buyer interest is growing.... Read more: https://bit.ly/37lLTMe #troyfelt #wealthbuilt #perthhousingmarket

23.01.2022 How Will YOU Play The Game Of Life? #troyfelt

22.01.2022 Australian property bubble hasn't yet burst, but can house prices keep rising amid the pandemic? After years of dire predictions that Australia's property bubble could burst, national house prices continue to withstand the otherwise devastating impact of the coronavirus pandemic, and once again the doomsayers have been proven wrong. Data released this week from CoreLogic shows the national average rose 0.4 per cent in October, following five months of national declines during... the COVID-19 pandemic. Every state across Australia (except for Melbourne which suffered the impact of a second COVID lockdown) experienced gains. But how long will the good run last? Read more: https://ab.co/3eIBFL7 #troyfelt #wealthbuilt

22.01.2022 Record Jump in House Prices! House prices made the biggest jump in a decade, according to Corelogic's results for the last quarter. The best performing capital city was Sydney with 6.2% growth, followed closely by Melbourne at 6.1%, Hobart had a 3.4% jump, Brisbane 2.4%, Canberra 2.3%, while Adelaide experienced a 1.4% uptick.... The quarterly growth in national house prices marked the fastest gain since November 2009. Read more: https://bit.ly/2RbcS8g #troyfelt #wealthbuilt #perthrealestate

21.01.2022 House prices are expected to increase in 2020 after a five-year slump. REIWA President Damian Collins explains on Channel 7 Perth. #wealthbuilt #troyfelt #perthpropertymarket #perth

21.01.2022 China Building Boom Splits Australia Into Two-Speed Economy A twin-speed economy is developing in Australia and posing a challenge for the central bank, as Chinese demand for iron ore buoys the resource-rich west while eastern states struggle with Covid-19 outbreaks and border closures. The diverging fortunes of east and west are reminiscent of conditions created by the mining boom a decade ago, and are playing out in Australias property market.... Read more: https://yhoo.it/2ZeNj9V #troyfelt #wealthbuilt

21.01.2022 Perth housing sales have surged to their highest level since the city's last property boom seven years ago, partly due to a tightening of supply and buyers flocking to the COVID-19 "safe haven" of Western Australia. Sales of established homes surged in the three months to November. There was a 29% increase on the same period last year.... Analysts say sales activity could heat up even further in 2021. Read more: https://ab.co/3peaoUG #troyfelt #wealthbuilt #perthrealestate

21.01.2022 Cities driving growth! The recent change in the City of Perths new Strategic Community Plan sees an aspiration to grow the CBD residential population from 29,000 to 90,000 by 2050. This bold target reflects what is occurring to our north. While Perth is seeing a change in views on urban living, with more and more people choosing an inner-city lifestyle, the benefits which flow from a concentration of people, ideas and investment has the potential to be a vital driver for our... future and our economy. Perths future is embedded in our region and in our city, and it is bright. Read more: https://bit.ly/3beuo3C #troyfelt #wealthbuilt #pertheconomy

20.01.2022 RBA accepts higher unemployment over fears of housing bubble! The Reserve Bank has conceded it could drive down the unemployment rate and get the economy growing faster with lower interest rates but fears it would lead to a debt-fuelled surge in the housing market. As the bank downgraded its own forecasts for wages growth over the next two years, RBA governor Philip Lowe said the threat posed by a sharp lift in borrowing by already heavily indebted Australians was a key facto...r in not taking official interest rates even lower. Read more: https://bit.ly/2OMRYLi #troyfelt #wealthbuilt #RBA #unemployment

20.01.2022 School site transformation to deliver innovative residential estate! A former high school site in Perth’s south will be transformed into an exciting residential redevelopment, showcasing leading-edge approaches to sustainability, technology and urban design. The innovative residential estate, OneOneFive Hamilton Hill, has started to take shape on the site of the former Hamilton Senior High School, the name based on the longitude of the area.... A DevelopmentWA Innovation through Demonstration project, OneOneFive Hamilton Hill is expected to ultimately be home to more than 800 residents and will set a new benchmark for quality residential infill. Full Article: https://bit.ly/3mXpFsj #troyfelt #wealthbuilt

20.01.2022 Perth is set to become the next property hotspot. Experts and property economists have lauded Perth as Australias next property hotspot after spending years in the doldrums following the decline of the mining boom. Western Australia has been named Australias most affordable state to live in by the Real Estate Institute of Australia for eleven consecutive quarters, and the Perth property market is seeing its highest number of property sales in five years.... Read more: https://yhoo.it/2Gg1F3d #troyfelt #wealthbuilt #perthproperty

19.01.2022 Ocean Reef Marina full steam ahead with selection of local contractor!! The McGowan Government is powering ahead with the job-creating Ocean Reef Marina development, today announcing two local companies as the preferred contractors to construct two new two-kilometre-long breakwaters required for the marina. Read more: https://bit.ly/3fC2dhC... #troyfelt #wealthbuilt

19.01.2022 6 promising signs the worst is over for Australia's economy 1. Westpac, NAB sentiment surveys have risen 2. Spending has lifted... 3. And it’ll keep getting better 4. House prices will rise... 5. Iron ore prices are propping up trade 6. Stock markets are rallying It is clearly too early to be thinking the economy is fixed and that 2021 will be a year of strong growth and a complete recovery. But it is encouraging to see several key indictors all pointing to better economic news and that the worst of the recession is behind us. Read more: https://yhoo.it/3pE0Wvc #troyfelt #wealthbuilt #pertheconomy #australianeconomy #perth

16.01.2022 Inflation up ahead of RBA rates decision Inflation figures for the December quarter have nudged higher and most analysts expect the Reserve Bank will delay a rate cut. Annual inflation climbed 0.1 per cent to 1.8 per cent, which the RBA board may consider when it meets on Tuesday. The 1.8 per cent figure is just below the Reserve's preferred 2.0 to 3.0 per cent range. The rise for the quarter was 0.7 per cent, greater than the 0.5 per cent gain of the September quarter.... Read more: https://bit.ly/2OabaSB #troyfelt #wealthbuilt

15.01.2022 RBA's Lowe says rapid recovery possible! Reserve Bank governor Philip Lowe believes it is possible the Australian economy could perform better than the central bank is predicting if there is further good news on the COVID-19 vaccine front. But in a speech on Monday, Dr Lowe also warned there is still considerable uncertainty about the outlook and an extended period of higher unemployment is likely to be a casualty of the first recession in almost three decades.... The Reserve Bank is expecting the unemployment rate to peak at just under eight per cent by the end of the year, compared with 6.9 per cent in September, and will still be a little above six per cent at the end of 2022. Read more: https://bit.ly/3nCLTQt #troyfelt #wealthbuilt #rba #economy #perth #WA

14.01.2022 Rental increase predicted post-pandemic! A major blowout in Perth residential rents is being predicted after October once the ban on increasing rents for established tenancies during the COVID-19 emergency period ends. Property Club Western Australian Branch Manager Troy Gunasekera said Perth tenants should now seriously consider locking in their rents for a fixed period of time if their leases expire before the end of this year.... The number of vacant rental properties in Perth has now fallen below 4000, which is the lowest number in several years, he said. Read more: https://bit.ly/30WLK0n #troyfelt

13.01.2022 Rental vacancy rate nears record lows! PERTH’s rental vacancy rate dropped slightly to 0.95 per cent in October, according to the Real Estate Institute of WA, taking it closer to the 40-year low of 0.8 per cent recorded in 2007. Rents for new leases were rising and demand was high, but REIWA president Damian Collins said investors were not responding in large numbers despite it being an ideal time to enter the market.... Read more: https://bit.ly/3kSphtp #troyfelt #wealthbuilt #perthrealestate #rentalvacancy

13.01.2022 Budget deficits may sound like a bad thing, but they can help keep a struggling country afloat Read more here: https://ab.co/3hre7ep #troyfelt #wealthbuilt

13.01.2022 How a surge in prices of the yellow metal is changing the face of the share market and boosting Australia's export fortunes https://bit.ly/3qGpt2Z #troyfelt #wealthbuilt #goldindustry #economy

12.01.2022 Construction has begun on the $118 million High Street and Stirling Highway intersection upgrade in Fremantle. The joint Australian and WA Government project will bust congestion and dramatically improve safety along a 1.5-kilometre section of High Street between Carrington Street and Stirling Highway, with construction and design works being undertaken by outstanding WA builder Georgiou. WA Premier Mark McGowan said the upgrade was only one example of a suite of projects to ...be delivered this year. 2020 is shaping up to be a huge year for public infrastructure construction across Western Australia, Mr McGowan said. Read more: https://bit.ly/3aFEGJR #troyfelt #wealthbuilt

12.01.2022 Price rise on the horizon? Pinpointing the best-performing capital city and regional locations in December 2011, three years after the Global Financial Crisis, recent research from Property Investment Professionals of Australia (PIPA) and CoreLogic has shone light on the property markets historical resilience in the face of economic turmoil. The research found capital city dwelling values increased by up to 39 per cent over the three years from the end of December 2008 a t...ime when Australia was emerging from the GFC and government stimulus was ramping up. Read more: https://bit.ly/3m783dx #wealthbuilt #troyfelt

12.01.2022 December 2019 data has revealed that properties are selling 16 days quicker than they were in the September quarter, taking only 67 days on average to sell, making it the fastest time to sell since December 2017. Read more: https://bit.ly/2TNLUVR #troyfelt #wealthbuilt #perthpropertymarket

11.01.2022 Perth property market booms off the back of COVID-19 crisis! Pent-up buyer demand, low interest rates and an extraordinarily tight rental market have helped fuel a mini-boom within the Perth property market. Following a dip during the height of COVID-19-related restrictions, interest in Perth real estate has returned, Domain senior research analyst Nicola Powell said.... Buyer demand is being supported by historically low interest rates, relative affordability, HomeBuilder scheme, WA Building Bonus, first-home buyer incentives and the 75 per cent stamp duty discount on off-the-plan purchases, she said. Read more: https://bit.ly/2Up31MO #troyfelt #wealthbuilt #housing #housingmarket #interestrates #perthrealestate

11.01.2022 Perth market buoyed by former locals returning home amid pandemic. Aussie expats and interstate buyers are casting their gaze across the other side of the country to Western Australia, driving demand for real estate in Perth and other regions amid the coronavirus pandemic. Top-quality homes are being snapped up after their first open for inspection, agents report, as locals and those looking to return home to the state compete for the limited amount of property on the market.... Read more: https://bit.ly/3hIW6au #troyfelt #wealthbuilt

11.01.2022 Western Australia's economy should recover from the economic hit of COVID-19 quicker than other states, thanks to a stronger than expected price of iron ore, analysts believe. The iron ore price has so far sat above $US100 per tonne in the 2020/21 financial year For every $US1/t the price sits above $US65/t, there is an $80 million benefit to the WA budget bottom line... Increased dividends and wage growth in the mining sector could be seen as a result Read more: https://ab.co/30moKHU #troyfelt

11.01.2022 Growth seen in all aspects of market!! Sales activity in the Perth metropolitan region increased in July, with REIWA data showing volumes were up 68 percent compared to the COVID-19 low in April across both dwellings and land sales. Land saw a 121 per cent increase in sales compared to April, while houses and units enjoyed a 58 per cent and 51 per cent uptick in sales.... Urban Development Institute of Australia (UDIA) WA also noted a massive increase in land sales on the back of state and federal government incentives, with 3322 new lots sold in the June 2020 quarter compared with 1999 in the previous quarter a 126 per cent increase. This is the highest number for the June quarter that UDIA WA has recorded since records began in 1990. Read more: https://bit.ly/33KgbtK #troyfelt #wealthbuilt

10.01.2022 WA Government pledges $100m to Kwinana outer harbour port plan. The West Australian Government has unveiled plans to build a new container port in Perth's industrial south, which could see Fremantle Port close by 2032. The State Government has today announced a $97.2 million investment into planning for a new container port at Kwinana with a dedicated freight corridor that will remove container trucks from the suburbs following the release of a review of the future of fre...ight in WA. Read more: https://ab.co/3kCeXHe #troyfelt #wealthbuilt

10.01.2022 RBA offers three scenarios for outlook! In its latest statement on monetary policy, the Reserve Bank of Australia has offered three scenarios for the economic outlook. Read more: https://bit.ly/3eDXFa1... #troyfelt #wealthbuilt

10.01.2022 How Mentorship really works? Read more: https://www.linkedin.com//simon-sinek_how-mentorship-reall #troyfelt #wealthbuilt

09.01.2022 Build-to-rent scheme proponent calls for greater tax incentives It is critical that government and industry continue to work together to ensure build-to-rent schemes become feasible, helping to address the current housing affordability issues in Australia, Build-to-rent is popular overseas in countries like the United States, but is still in its early stages in Australia,... Read more: https://bit.ly/34Whx5t #troyfelt #wealthbuilt #buildtorent

09.01.2022 Many of us feel uncomfortable with the way business is conducted today. As it turns out most leaders don't know the game they are actually in. Business is an infinite game. Too many leaders are playing with the wrong mindset. We will chip away at the system. All we need to do is continue to be the leaders we wish we had. #TheInfiniteGame #BeTheLeader #troyfelt Source: https://bit.ly/35JCVZ8

08.01.2022 We Need To Build Empathetic Leaders! #troyfelt

08.01.2022 RBA cites jobs boost in holding cash rate! An upbeat Reserve Bank held the cash rate at a record low 0.75 per cent while having "surprisingly" little to say about the headwinds presented by the catastrophic summer bushfires and coronavirus crisis. The central bank board's first interest rate decision for 2020 was to delay cutting to a fresh record low 0.5 per cent, with RBA Governor Philip Lowe citing improved unemployment figures for December, low borrowing costs, recent tax... refunds and improved property market indicators in his announcement on Tuesday. Read more: https://bit.ly/371WjjN #troyfelt #wealthbuilt

07.01.2022 Sales activity increased 16% in Perth this week, with REIWA members reporting 249 transactions. This increase can be attributed to 11% rise in house sales, 45% rise in unit sales and 18% rise in vacant land sales over the week. There were 12,257 properties for sale in Perth at the end of this week and 5,767 properties for rent in Perth at the end of this week. Read more: https://bit.ly/2QEXLE1... #troyfelt #perthpropertymarket

07.01.2022 Brighter future for home lending in 2020 predicted! - Loans to owner occupiers for new home building rose by 5.5 per cent over October. - Highest level of loans for new homes since August 2018.... - Investor lending rose by 1.4 per cent during October. Taken together, this means that the volume of loans relating to new homes has reached its highest level since August of last year. According to Master Builders Australia, there is also solid evidence that confidence is returning to the investor side of the market with the value of lending on that side of the market up by 1.4 per cent during October. Read more: https://bit.ly/2QtAoMc #troyfelt #homelending

07.01.2022 Brookfield gets green light for $1b Perth towers! Brookfield Properties is preparing for the next stage of its development of Perth’s Elizabeth Quay precinct, winning the go-ahead for more than $1 billion of office and residential real estate across two towers. The state government has given its approval for Brookfield’s proposals for Lots 5 and 6 of the ambitious urban regeneration project, fronting the Swan River.... Read more: https://bit.ly/35C8tRG #troyfelt #wealthbuilt #perthrealestate

07.01.2022 WA Recovery Plan pours funds into sports and school facilities. SPORTS, school and youth facilities are set to receive funding boosts through the WA Recovery Plan. Premier Mark McGowan has announced funding for several projects across the northern suburbs, including another public pool, school upgrades and recreation camp redevelopment. Although timeframes are yet to be confirmed, Mr McGowan said the proposed projects would help drive WAs economic and social recovery from t...he pandemic. Read more: https://bit.ly/3fvQOye #troyfelt #wealthbuilt

06.01.2022 Real estate round-up of a mammoth year! This year has proven to be particularly eventful for the Western Australian property market. Myriad projects and developments have been thrust into the WA pipeline in 2019, with changes made to government legislation, incentives announced, and affordability levels across the state making the traditional Australian dream an achievable reality for many.... Read more: https://bit.ly/2SaJujr #troyfelt #WArealestate

06.01.2022 Office vacancy hits double digits as workers stay at home! The embattled CBD office sector is forecast to reach double digit vacancy rates in the coming year with sublease space even higher which is forcing landlords to reassess rental charges to entice tenants to stay. But, reflecting the year of mixed outlooks, landlords maintain that office space is still needed, albeit recognising that demand will change in the new post-COVID world where half the staff are coming back to ...the office and the rest are opting to work from home. Read more: https://bit.ly/38eLfnM #troyfelt #wealthbuilt

06.01.2022 Reflecting on the decade that was and is to come! Looking at 2020 and beyond, we are optimistic for the future with early signs of stabilisation and a forward-thinking and innovative property industry to lead us through the next decade. Looking back, new land market sales volumes peaked in March 2013, with an average of 2660 new lot sales per quarter. Prices followed suit, reaching an average of $255,500 by the June 2014 quarter.... Affordability remains a key driver for many new land customers, and today were seeing the most affordable land in neighbouring Rockingham, where the latest average lot price sits at about $178,000. I nterestingly, theres also been a shift in preference towards smaller lots over the decade, reflecting the preference for more diverse housing options and changing lifestyles. Read more here: https://bit.ly/2Tj1dpv #troyfelt #perthrealestate #wealthbuilt

06.01.2022 Pleasing results for property market in January! THE Perth property industry is starting to feel optimistic following that latest release of data. Prices increased 0.1% in January according to CoreLogic. It may be a very small change but follows on from a 0.4% rise in November and no decline in December. In addition, prices are up 0.6% over the three months to January, after bottoming last October.... Read more: https://bit.ly/31lk7hw #troyfelt #wealthbuilt #perthhousingmarket

06.01.2022 How the global real estate industry can become greener! As an industry so deeply integrated into people's day-to-day lives, those of us working in real estate have an opportunity to make a positive impact on the global climate. Energy efficiency, renewable energy, waste reduction measures, and sustainable building materials are excellent examples for reducing your carbon footprint, and limiting the impact on the surrounding natural environment is also critical.... Read more: https://bit.ly/2SdFGxG #troyfelt #realestate #gogreen

05.01.2022 Maylands' Lyric Lane Theatre in line for $30m redevelopment!! The old Lyric Lane Theatre building and revamped laneway in Maylands could be in for a major redevelopment into a community hub with apartments, shops and eateries. Australian Development Capital has submitted a development application to the City of Bayswater for its $30 million plans to build 52 apartments, commercial spaces, a green pocket park and a piazza.... Other proposed features include ground floor commercial tenancies, two levels of heritage-character style residences, four levels of contemporary apartments, a communal barbecue and dining area, outdoor lounge and seating, solar panels and waterwise fixtures. Read more: https://bit.ly/39nCubN #troyfelt #wealthbuilt #perth

05.01.2022 New year, new market are there positive signs in sight? - REIWA President, Damian Collins Property sales market will see a slow and steady growth that will hopefully set the foundations for one further down the track. At the end of last year, the competition for good, quality stock increase, and can expect this to gain momentum well into 2020.... With rising consumer confidence levels coupled with improving housing affordability, expect this to translate into higher sales volumes than we have seen in the last few years. Read more: https://bit.ly/3a6WfSu #troyfelt #wealthbuilt #perthpropertymarket #markettrends #predictions

04.01.2022 WA economy takes 6 per cent hit, but Treasurer says hard border saved worse pain. West Australian Treasurer Ben Wyatt believes the government's hard border policy has been the state economys saving grace and was upbeat about the June quarters results, despite recording the sharpest ever decline in state final demand. Despite the poor June quarter, Mr Wyatt said WAs domestic economy grew 1.1 per cent over the whole year, underpinned by a 9.3 per cent increase in business in...vestment. Read more: https://bit.ly/3ighEwA #troyfelt #wealthbuilt

01.01.2022 Perth's property market forecast for big rise! Perth's property market is on the rebound, experts say, with vendors welcoming rising prices after a battering by COVID-19. Perth properties have dropped from an average of 55 days on the market to 28. Homes in Subiaco, Kingsley, Rivervale and Darch are selling in less than a fortnight on average, with Mt Hawthorn, Swan View, Beechboro and Coolbellup not far behind.... Read more: https://bit.ly/2ISjvLA #troyfelt #wealthbuilt #perthrealestate #realestate

01.01.2022 WA adds $2.7 billion to recovery spending Western Australia will spend $2.7 billion in economic recovery efforts, including infrastructure upgrades and up to 60,000 new jobs. Source: https://bit.ly/3jEN2ps... #troyfelt #WAeconomy #perth

01.01.2022 We can offer over 10% gross rental returns for Western Australian properties with our Federal Government funded scheme to accommodate those clients of whom qualify for the National Disability Insurance Scheme. We understand the unique needs of our clients to ensure the accommodation is fit for purpose and facilitates the life choices and care they require, in return this will achieve attractive returns to our investors.