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?
While PropertyESP has been providing examples of property buoyancy in Perth for the past 12 months – the Eastern States is finally also on board!
When South Perth faced a small vocal action group – instead of taking the easy route and giving in – they allowed for a robust dialogue and hence have shown that this is the better option.
Applecross and Mt Pleasant apartments have defied the odds and are now back to the peak 2011 price point. There are some suburbs that defy the norm and these are two of them!