PropertyESP

Making sense of property

The numbers have it – why the proposed changes to Scarborough should be embraced

The numbers have it – why the proposed changes to Scarborough should be embraced

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

Women are taking over the world (did you get the memo?)

Women are taking over the world (did you get the memo?)

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

Appetite for additional car bays prevalent

Appetite for additional car bays prevalent

www.waaa.net.au. Recent research conducted by WA Apartment Advocacy has shown that while 70% of the 174 respondents were happy with their allocated parking bays in their apartment development, an astonishing 50% would be prepared pay an additional $25,000 for another car space. Of the 30% who were not happy with the number of allocated parking bays, the majority of these were residents with just one car bay. We have often heard the mantra from developers that they would be ha

Where does suburbia fit into the Perth equation?

Where does suburbia fit into the Perth equation?

PropertyESP recently attended the PIA State Conference which was aptly termed “Rocking the suburbs.” Minister Rita Saffioti opened the conference and posed the question – does every suburb wish to be rocked and went on to explain that in the East, the focus in the 1990’s was all about the inner ring and that suburbs were seen nearly as a second class choice. In contrast – Perth is the exact opposite – even some 27 years on. Our population growth certainly has been part of the

Apartments transform suburbs - and for the better!

Apartments transform suburbs - and for the better!

With the 2016 census just released PropertyESP took a look at 3 suburbs that have been transformed by apartment developments to see what other changes to the suburb this had brought. East Perth – originally an industrial suburb, EPRA (now MRA) was established in 1991 to redevelop and urbanise the suburb. It did so with the development of Claisebrook Village, with introduced 1450 new dwellings as well as retail and commercial properties on the site of the former East Perth G

What are Perth's top performing apartment suburbs?

Burswood premium continues

Burswood premium continues

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

Night time economy part of WA’s future

Night time economy part of WA’s future

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

Desire for East Perth to gain 24/7 heartbeat

Desire for East Perth to gain 24/7 heartbeat

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

Apartment supply update

Apartment supply update

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

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