A recent presentation by land guru Colin Keane, has shown that Perth could achieve optimal sales with just a few tweaks to market conditions. There is no doubt that population growth is a major key to changing the dynamics of the Perth land market and as Colin stated, all we need is 1000 additional people per month in our state to allow us to achieve the optimal target of 700 land sales per month. And the good news is, we are already on our way, with Perth the only state to h

As always keen to see what is happening in the Perth apartment market, PropertyESP recently took a look at settled sales for the East Perth area from 2015-2018. Looking just at apartment houses, apartment units and penthouses we found that the East Perth market was showing signs of price recovery across the board. But when we broke East Perth into precincts we found that Wellington Square compared to Claisebrook and the remainder of East Perth definitely demonstrated a price

You may have seen the recent article in the West Australian outlining the research undertaken by 3 Oceans on the Scarborough foreshore with 890 respondents. This research sought to determine the level of support or opposition to their proposed 43 and 35 storey developments on the corner of Scarborough Beach Rd and West Coast Hwy. Not surprisingly, overall 63% of the respondents supported the proposal and this was mirrored regardless of whether it was a Scarborough based resid

After a number of recent events including International Womens’ Day, PropertyESP Director Samantha Reece thought she would share some insights into how women are forging ahead with property ownership. “Westpac's annual Home Ownership Report recently revealed that women are overtaking men when it comes to home ownership. A survey of more than 1,000 Australian home owners and first-home buyers found that women are ahead of men in most categories: more women have bought a home t

The team at PropertyESP has put together this one minute video with several suburbs highlighted for their apartment median price growth. Click here to see the results! #Burswood #Scarborough #MtPleasant #Applecrossapartments #MelvilleCouncil #VictoriaParkCouncil #Perthproperty #Perthapartments #PropertyESP #realestatecomau #domaincom #REIWA #UDIA

PropertyESP will be releasing a media statement this week after examining the Burswood apartment market from 2013-2017. While overall the median price for apartments in this locale has grown by 11% from $700,000 to $780,000, it is the fact that this growth has occurred across all bedroom configurations that makes it even more interesting. One bedroom increased its median price point by 6% in these four years, two bedroom 17%, three bedroom 14.5% and four bedroom 8%. This con

With all the inner city development occurring, a colleague of PropertyESP recently attended the Australian Night Time Economy (NTE) conference in Melbourne. This conference dealt with the fact that the night time economy, which for so long has been associated with bars, restaurants and adult entertainment in fact was evolving and in the UK this economy represented $66 billion in trade alone (or 6% of GDP). Closer to home, Brisbane’s NTE grew by 25.2% from 2009-2014 from $4.97

Samantha Reece recently attended the East Perth session of the Cities Summit that has been co-ordinated by Member for Perth John Carey. Over 60 people attended this session which comprised of businesses, developers, residents and interested parties. Quite predictably the session dealt with the areas strengths, its problems and what the community would like to see occur. East Perth was liked because of its walkability, the gardens and open spaces, Claisebrook Cove and the fact

Samantha Reece of PropertyESP recently attended and participated in the Property Council Apartment conference where Urbis revealed their First Quarter 2017 results. At present 20% of Perth's building approvals are for apartments compared to 60% in Sydney and 46% in Melbourne. This equates to 3797 apartments currently under construction. There are at present 134 active apartment developments in WA and 11,194 apartments, which only represents about 10% of the apartments nationa

Despite the resistance by coastal suburbs to welcome apartment living into their community – the research from the WA Apartment Advocacy has clearly shown that this status is going to have to change – and soon. Of the 155 apartment owner occupiers surveyed, 15% had been living in a coastal location before then moving into their apartment (19% living on the coast). However when asked where they would choose to live next time – 70% stated an apartment and 49% stated a coastal