Over time those suburbs that have apartments in their mix see greater home ownership, increase in income and changes to their demographic mix. See what has happened in East Perth, Burswood and Cockburn!
While the Burswood apartment market median price has grown by 11% over the last 4 years – it is the fact that growth has occurred across all bedroom configurations that makes it a very interesting suburb indeed!
East Perth is definitely a Monday-Friday, 9.00am-5.00pm kind of suburb – but the residents and businesses are seeking more!
When baby boomers are moving to an apartment – they may be downsizing in the floor size they plan to live – but not on their mortgage or lifestyle!
While 2017 is a peak year for apartment delivery, Urbis still predicts a shortfall by 2020.
The housing supply in Perth has not matched population growth resulting in a shortage – now is the time for action!
When 49% of apartment livers indicate they would prefer to live on the coast – the question is why are we not supplying this choice?