Sell with Confidence
Read More
News

Residential property leads real estate for investment returns…

By Jody Fewster

Residential property leads real estate for investment returns…

  • Nothing has cleared on the geopolitical front, with tensions in the Middle East, Russia, and Ukraine, as well as between China and Australia.
  • Commodity prices are still very strong, with Copper close to US $10,000/tn, Gold US $2,323/oz, Silver US $27,455/oz, and Iron Ore US $119/tn. All eyes are on Thursday’s budget and the resultant windfall.
  • Our market was up with the news that the RBA was keeping rates on hold at 4.35%. The S&P ASX/200 is up again today at 7,796 as I type.
  • Today’s AFR reports that across Australia, residential property has the highest average compound annual growth rate (1995-2022) as an investment: 6.19% for residential, 5.63% for office, 5.16% for retail, and 5.48% for industrial.
  • Apparently, WA has the capacity to build about 16,000 homes annually. More than 95,000 people moved to Perth last year – eek!
  • Checking the REIWA website today, there are only 2,032 houses for sale! With the rental vacancy rate at 0.4%, no wonder those looking for a home are feeling stressed.
  • The Government’s latest attempt to fix this housing crisis is to offer $5,000 to return a vacant property to the long-term rental market. This is on top of the $10,000 incentive for returning a property from a short-term stay to the long-term rental market.

Call me today for a confidential chat about these market forces and how they impact your property.

Up to Date

Latest News

  • Is there “fog on a runway”?

    The S&P/ASX 200 hit a fresh intraday record this morning at 8639.1 on encouraging news of a trade truce between the US and China. Trump now seems focused on the Art of Distraction over the Art of the Deal. The Aussie dollar is now at US .651c (up 8% since April) and … Read more

    Read Full Post

  • It’s all eyes on the US for 2025!

    Anti-incumbent sentiment has seen the leadership of the world’s richest economies in turmoil. After France, came the collapse of the German government. Both Canada and South Korea are in turmoil. Italy, of all places, looks stable. Go figure! Geopolitical tensions in the Middle East are continuing with the initial joy over the freedom … Read more

    Read Full Post