Why Investors Prefer Perth

Despite uncertainty caused by tariffs and elections, home values increased in every capital city during April, according to CoreLogic data. Perth recorded 0.4% growth for the month, bringing the median home value to $807,728.

Whilst annual rental growth has slowed over the past twelve months, Perth recorded the highest annual change in rents (5.7%) of any capital city. Perth also boasts one of the highest gross rental yields (4.3%) of any capital city.

As an investor though, are rental yields the only factor to consider when deciding where to purchase an investment property?

Affordability is the key factor for most investors, but that is not just as simple as looking at the advertised sale cost of properties. Stamp duty rates vary vastly between the states, and stamp duty in Victoria is currently the highest in the country. Land transfer fees are also calculated differently between the states. South Australia has the highest fees in the nation, followed by Queensland and Victoria, although Victoria also has a maximum fee cap. All buyers should factor in government fees when deciding where to spend their money.

Investors also need the consider the cost to hold their properties. Each state has minimum rental standards which landlords are required to meet. Victoria has deliberately set higher minimum standards, which means landlords are having to spend more in order to comply with these standards.

Perth is not only an attractive option for investors due to its affordability and good yields. Government charges and compliance costs for investors are also lower in Western Australia, a further win for investors.

Source: CoreLogic

What’s Happening In The Perth Property Market?

In the past twelve months alone, we’ve helped over 150 clients close deals in high growth, high cashflow locations, while taking care of all the paperwork and dealing with the agents so you don’t have to.

What’s more, we’ve saved them thousands through our intimate market knowledge, vast off market referrer network, decades of experience in development, planning, investing and our ‘in the trenches’ up to the minute live pricing models.

You may feel you’re already a good researcher, negotiator and deal finder and you probably are – for your level of experience.

However the reality is – we’ve closed over 150 deals in the past year, developed a vast network of referrers over the past two decades, and built a team of full time researchers, deal finders and relationship builders to ensure that if anything happens in the Perth property market – we know about it….first!

Maximise your options by accessing off market deals, giving you more properties to choose from, save time and avoid all the hassle, as we take care of all of the inspections, research and negotiations for you.

If you’re ready to enjoy the same success as our clients, please book your complimentary discovery call today!