Premium suburbs are leading the recovery of the Perth housing market
Premium located suburbs are leading the recovery of the Perth property market, says Shane Kempton, Chief Operations Officer for Professionals real estate group in Western Australia and the Northern Territory.
Property investors are the most influenced by negative global sentiment and the lower level of property investment ownership in WA will leave the State less exposed to any negative impact following the UK’s decision to leave the European Union last week.
The 0.25% cut in official interest rates by the Reserve Bank yesterday should see renewed activity from property investors, up graders and first-home buyers according to Shane Kempton, CEO of Professionals Real Estate Group.
The improving affordability of real estate in many parts of Australia now creates more opportunities for astute property buyers to purchase prime real estate with the view to capitalising on capital growth moving forward.
