WA Perth Market 2022

Do you recommend any buyers agents and areas.

 

You dont need a BA
Just research and maybe fly over after 5 Feb??

Tap into resources here and network with Perth investors

 

Listen to @MTR mate, not saying BAs are bad or anything , it's just the cost of their service can be added into your prop purchase budget!!

 

Personally can’t see the sense in a BA
The old story of the 2 lawyers , discussing their clients , we have 2 fat geese here you pluck one and I’ll pluck the other comes to mind

 

We used a BA this time in Perth, and they probably saved a similar amount of money to what we may have paid if I was able to fly in and view myself (the BA has good negotiation skills).
Add to the fact that the BA also did reports which outlined development potential / suitability , did house viewings (video call / photos).
In our cases, it was worth it.

FYI - This is the 1st time we have ever used a BA as I was unable to fly to Perth.
Previous (many) properties bought over the years have involved me narrowing down to 10 houses and FIFO day or 1 night stays to different locations around Australia.

 

Are you able to share where you purchased???

 

Anyone for rents in Perth 2022?
Apparently more supply coming to market as builds are completed, but rents will continue to rise.

What are your thoughts on this??

 

I'd say we'll get a bit more rental growth because new builds completing will be offset by the population increase we're likely to see this year. Another 10% rent growth sounds about right if I had to throw a dart at it.

 

Yes. A long way from melb, are we called mexicans over there?

Can u share details? Whatcarea?

 

I wonder what this sold for? It was on the market for over a $mill, I didn’t think it would sell. https://www.realestate.com.au/property-house-wa-darch-138025650

 

I am curious to know too. But I think it 1mill is reasonable price. It's 675 sqm block and very high spec build. I think about 1 mill is replacement value.

 

at least $500,000-600,000 for build????

 

I have been crowing about Mt Hawthorn for good reason, another record price $2.2M

https://m.realestate.com.au/sold/property-house-wa-mount+hawthorn-137150914

 

600k minimum. It's 427 sqm build.

 

Depends on quality. Some new builds in outer beach suburbs getting 600pw. Depends on quality..location ..lifestyle etc

 

True, I thought it was overcapitalised for the suburb but maybe not!

 

hey I'm from Melbourne, and I've just had a mate buy a 3/1/1 investment in Parmelia WA for $315k with an expected rental return of $350.. seems to be steady growth and low vacancy rates. anyone have any info and I don't know the area at all myself.. cheers

 

And so begins the Perth counter-cycle

 

Probably better areas to "invest". Property is cheap for a reason. Often spending a little more gets much better value.

 

Didnt corelogic remove perth median prices at some point as there was some glitch?