WA property market on the rise

According to property industry experts and insiders, the WA property market is showing signs of recovery and they are urging buyers to make the most of the opportunities before prices begin to rise.

The West Australian newspaper article on 4 February 2017 highlighted Real Estate Institute of WA (REIWA) figures showing the last quarter of 2017 median property values remaining steady, indicating a recovery of the Perth property market.

REIWA president Hayden Groves said that ‘these figures give a strong hint of recovery and if you are thinking about buying, I would advise you to act sooner rather than later’.

‘There is good opportunity in the current market with improved pricing, record low interest rates and less buyer competition’.

Other experts noted that buyers who entered the market now had a better chance of long-term capital growth than if they held off and bought when the market fully recovered.  They also suggested buyers and investors to purchase in near-city suburbs such as Scarborough and North Perth.

REIWA deputy president Damian Collins included Scarborough beachside as a suburb to watch in 2017, due to the large State revitalization investment.

In the same article, Urban Development Institute of Australia (UDIA) WA recommended purchasing apartments, which offered unique design or convenient location.

All of these recommendations point towards an investment in Horizon at Scarborough Beach – a $20 million project on the corner of Brighton Road and West Coast Highway, encompassing 39 apartments as well as short stay hotel accommodation, and commercial outlets.

Selling agent for Horizon at Scarborough Beach is Cindy Lee from Space, to be contacted on 1300 791 886 or email cindy@spacerealty.com.au