Скачать или смотреть Seville Grove Market Update | 2021

Prices To Rise 10-20 Per Cent!

The rising market is here to stay! In case you missed it, a report by The Chamber of Minerals and Energy revealed the resources sector needs another 40,000 employees in the WA mining industry over the next two years.

On top of that, WA will be needing another 8,000 hospitality workers to fill staff shortages (thanks to venue capacity limits being eased), with a priority to source these workers from interstate. So going forward, this extra demand should continue to put pressure on our housing supply, and keep our real estate market in growth mode.

FOR BUYERS, if you’ve been thinking “I’ll hold off on buying because things will slow down soon” then you’re going to be disappointed - the price rises won’t stop anytime soon. In fact, with the shortage of available land for sale, I’m expecting to see another 10-20 per cent growth over the next 24 months.

FOR SELLERS, if you’ve been thinking about doing some renovations before selling then now is definitely the time to do it! Well presented homes are selling for a premium in this market, so a smart renovation could add tens of thousands onto your sale price.

Feel free to chat with one of our agents about what renovations will get you the best return on investment, our local buyer knowledge can help you get the biggest bang for your buck! And if you need to sell your property ‘as is’ there’s good news for you too – even homes that haven’t been renovated are selling for great prices.

In this next stage of the market, we will start to see investors coming back to WA to take advantage of the high rent returns. But a word to the wise, if you are an investor looking to buy, take care that you purchase an investment-grade property. One that has a good rental return and long-term capital growth. In the last boom this is where many investors went wrong, and I’d hate to see history repeat itself.

Another thing to be wary of in this market are the too-good-too-be-true investment property schemes. They usually sound something like “pay off your house within five or six years, and do it all tax free!” or “buy your first investment property for $1” … often the catch is that these properties aren’t investment grade and can end up costing you in the long-term. So stay on your guard.

If you have any questions about updating your home, buying your first investment property, or whether now is the best time to sell your home, please give me a call on 0439 998 867 or book an appraisal with me at the link below. I've got 20 years experience in the Perth real estate industry and would love to share my knowledge.

Book an appraisal with Brendan Leahy - https://nakedrealestate.com.au/book-a...

You can also call us or visit our office at:

Naked Edge Real Estate
Unit 6 / 1451 Albany Highway
Cannington WA 6107
Phone: (08) 6254 6333

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