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

Samantha Reece, Director of PropertyESP recently attended the UDIA lunch with Colin Keane of Research 4 and then participated with the panel discussion alongside David Cresp (Urbis) and Gavin Hegney. Certainly Colin’s presentation was somewhat telling of Perth’s current status for land sales. While Perth peaked in 2013 with 1078 lot sales per calendar month. In 2016 our underlying demand for land is now 637 lots per calendar month and actual sales are 478. However there are

Today two East Coast companies, CoreLogic and Moody’s, publicly declared that the worst of Perth’s property market was behind us and they predicted 3% capital growth for houses and 5.6% for apartments over the forthcoming 12 months. Now for some time PropertyESP has been blogging about the upswing in Perth property prices and especially with apartments. That’s because we look at the micro while others look at the macro. For example in Scarborough if you purchased a 3 bedroom

Samantha Reece of PropertyESP recently attended the South Perth planning workshops which dealt with the proposed train station precinct and its overall design. Now in an earlier career path, Samantha was Director of SMR and responsible for a number of community consultation projects including the Gidgegannup town centre. But what was interesting for Samantha in this case, was that the sessions were hosted by a Council and not the developer and hence this allowed for a sharing

Property analysts Urbis have predicted that there will be an apartment shortfall in Perth by 2020. Urbis director of economics and research David Cresp recorded sales of 341 apartments worth $200 million-plus for all of Perth in the three months to September 30, down from 390 in June quarter, and dramatically below the 644 a year earlier. “Sales are well down but new project launches have also been well down — the only project launched in the September quarter was LKD Develop