Perth has long had a love affair with the Swan River and its wonderful beaches, and that is strongly reflected in property prices. And you don’t have to be an analyst to know that properties in riverside and beachside suburbs tend to dictate higher prices and those that command views, achieve even higher prices again. We’ve long thought of this as a view factor … and it’s true that a great view commands a premium price. However, recent analysis performed by PropertyESP has fo
I recently attended the Property Council WA Multi Unit Conference at Crown Casino. I attended because I was really interested in the conjecture that Perth was experiencing an oversupply of apartments. The PropertyESP team however had our doubts about this claim. The conference opened with a presentation from David Cresp, who has undertakenrecent analysis of the Perth apartment sector. I am pleased to say that his stats were very comforting indeed! David outlined a number o
A compatriot of ours, Y Research, recently presented a report to the Master Builders Association which demonstrates that the apartment vacancy rate across the study area was 3.8%, with some suburbs registering as low as 1%, while the REIWA's latest update in early February showed all homes across the metro had a vacancy of 4.2%. This combined with the take up rates, especially in East Perth, demonstrates that demand for apartments remains strong. For more details click here.
We are hearing all kinds of commentary about an oversupply of apartments within Perth CBD - but recent research conducted by PropertyESP indicates that if you build - they will buy. Looking at sales data across a variety of infill sites including East Perth, Rivervale, Victoria Park and North Perth from 1/10/12 - 1/10/14 we were able to determine that there there were 900 apartment sales in this period. This demonstrates a relatively strong market with in fact a large portion