Damian is deputy president of REIWA and managing director of Momentum Wealth. He has degrees from RMIT and Curtin University, and is a member of the Institute of Chartered Accountants and the Financial Services Institute of Australasia. Damian is also an Accredited Mortgage Consultant and member of the Mortgage Industry Association of Australia and the Australian Institute of Management. He is a board member of the Property Investment Professionals of Australia (PIPA).
Homelessness remains a problem in our state and there is much to be done to help our fellow West Australians affected by this. National Homelessness Week kicks off today, with this year’s campaign reminding Australians that housing ends homelessness.
It’s a common mistake made by many first-time investors – delaying an acquisition due to a cooling market.
The WA Labour government's first budget is positive for property investors because there are no direct increases to property costs.
Perth property investors are set to benefit from substantial private infrastructure projects, including in apartments, hotels and shopping centres, and are advised to target projects with tangible benefits.
Investors are facing a potential cash-flow crunch, which threatens to weigh on real estate prices.
Sydney’s median house price has increased an eye watering 46.7% in the current cycle, suggesting property investors should be looking to other state capitals.
Smaller community infrastructure projects can deliver better price growth to local property markets, because they’re more likely to deliver tangible benefits, such as improved amenity and upgraded streetscapes.
Some of the smartest investors follow the well-known saying 'buy straw hats in winter'; the same applies to property.
The current WA real estate market is behaving quite differently to markets on the East Coast, so for us it was critical to look at the impact tinkering with negative gearing would have locally.
While the state and fate of these markets can be left for another discussion, it was interesting to read the extract in its entirety and see other observations that many commentators had failed to highlight.