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!
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.
While Perth has the most affordable land in the Nation – we need to start diversifying our economy and population to stimulate this sector.
The most recent WA Apartment Advocacy data has shown that renters and owner occupiers are showing a preference for bigger apartments for their next choice. There is change in the air!
While PropertyESP has been providing examples of property buoyancy in Perth for the past 12 months – the Eastern States is finally also on board!