Living in Perth in Perth, Western Australia | Company
Living in Perth
Locality: Perth, Western Australia
Phone: +61 403 064 273
Address: 106 Burswood Rd, Burswood 6100 Perth, WA, Australia
Website: http://www.builton.com.au
Likes: 378
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24.01.2022 Perth International brings a world class field to Perth shores http://www.smh.com.au//elizabeth-quay-becomes-golf-course-
23.01.2022 Positive increase in Land Sales (Up 44%) week ending 23rd Feb http://reiwa.com.au//perth-market-snapshot-for-the-week-e/
21.01.2022 Perth stadium to have full wi-fi across stadium and sports precinct and check out the Media Gallery, will look amazing! http://getthebiggerpicture.wa.gov.au/new-perth-stadium/
12.01.2022 Perth economics round up summary: WA Unemployment A positive The unemployment rate in WA has potentially peaked.... Today’s WA unemployment numbers provide some support to that suggestion with the unemployment rate down 0.4% from 6.3% to 5.9% in January. It’s important to note that in December we dropped from 6.6% to 6.3%....so that’s a drop in the unemployment rate of 0.7% in 2 months. The best thing about the stats more woman in the WA workforce than at any other time in history. All this despite a very volatile stock market and a dreadful commodities market. We should be aware that whilst WA’s unemployment rate has fallen the national rate has actually gone up from 5.8% to 6%. Have vacancy rates also peaked? In the 3 months to January 2016 Perth metro vacancy rate remained at 6%, exactly the same as it was for the 3 months to December. Whilst we have seen a decrease in the overall median rent to $400 a week (from a peak of $475 in June 2013) it’s important to note when speaking to investors that we are still getting the same rents we were about 4 years ago in 2012. So households are better off in the long run paying less rent, especially when you consider the average household is saving about $20-30 a week when filling up the Commodore or the Falcon. So what’s holding back the Perth Property Market? The Banks (and the valuers), that’s who. This week CBA and Westpac both raised huge amounts of capital. Even if the RBA were to drop rates I doubt they would pass it on. Credit is tight and it’s the availability of credit that will give this market some momentum. That’s where we can add value by pointing the clients in the right direction for advice. On a positive note anyone who is looking to buy house and land should do so right now if they can. I have it on good authority the government is close to selling a good chunk of the Keystart portfolio. That will see the biggest bank 1st home owner lender in WA reopen for business which will see that market rally as soon as it does, and all the excess land supply will get soaked up quickly. My thoughts are Q3 of this year land prices could start to move up again. Most central CBD suburbs in Sydney and Melbourne right now require 30% equity to get a bank loan. The latest housing affordability index shows that in Sydney house prices are 12x income, in Melbourne house prices are 9.7x Income , whilst in Perth we are at 6.6x. All the more reason for investors to come visit Lizzy Keys. Feel free to contact if any questions.
07.01.2022 Platinum Homes Look out for the new Platinum range of designer elevations coming soon...
03.01.2022 West End, by the Builton Group A beautiful multi residential and commercial development in Yokine.
03.01.2022 Welcome everyone to Living in Perth, designed to offer information on Perth's social, economic and real estate sectors. Representing the Builton Group and Platinum Homes, I focus on a personalised service and a high commitment to standards, striving to deliver quality services and products with the outlook of future relationships and partnerships. I hope Living in Perth can deliver the information and assistance you need to make a confident and advantageous move into Perth's... ever changing market. Kind Regards Daniel Forbes
02.01.2022 Perth Market should see a rise last half of 2016 http://www.domain.com.au//perth-suburbs-set-for-house-pri/
02.01.2022 Dropping Aussie dollar could benefit Perth's Economy http://www.vision6.com.au/em/message/email/view
02.01.2022 Perth next major economic hot spot https://au.news.yahoo.com//perth-tipped-to-be-economic-ho/
