50% of recent respondents to WA Apartment Advocacy survey said they would pay another $25,000 for a car bay – see why!
It appears after recent research by PropertyESP that in fact Perth LGA does have a strong supply of 3+ bedroom apartments. But is it enough?
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.