Well, the state elections are not far off, and hopefully one of the issues that gets aired will be the need for higher density housing in and around the Perth CBD area.
There are more and more people working in this district than those in the fringe or new suburbs, and yet the amount of homes being built just can't keep up with the influx. One of the issues I know that the people will be demanding a look-in are the soaring rent prices. We're a rich State, but the rent prices are making it hard, if not impossible for those of a median income to live closer to where they work or study.
In the year ending September 2012, rents had risen by over 15%, and it looks as if this trend will continue if a higher density plan for housing isn't put into place soon.
Read about this in more depth in my article published on Business2.com.au.
About Me
- James Limnios
- Perth, WA, Australia
- James Limnios is the CEO of Limnios Property Group and a City of Perth Councillor since the 2009 elections. He has been instrumental in the marketing and sales of all of the inner city projects sold by his Group and holds a personal record of over $300 million in sales over a two year period. James holds an Executive Master of Business Administration (EMBA) degree from The University of Western Australia. He is also Licensed Real Estate & Business Agent with a Diploma in Real Estate Management and holder of a REBA Triennial Certificate. Highly regarded for his expertise as a strong and ethical negotiator, he is a consultant to a number of large Australian and overseas companies looking to invest in Australia, Asia and Europe. In 2004 he was awarded the 40 Under 40 Business Award, presented to the top 40 West Australians under 40 years of age who excel in their field. Follow James on Twitter
Friday, 15 February 2013
Friday, 18 January 2013
Perth Rents To Rise - Get a Rent Check On Your Property!
Welcome to 2013! A few months ago, Limnios Property Group had a record low of rental vacancies, at a rate of about 1%, well today that is well below that, standing at .02% - which means rents around the Perth CBD area are about to rise again!
If you have an investment property within 5kms of the CBD, you’d be doing yourself a favour getting a rental check done by a reputable agent, someone who knows the area well and has their finger on the pulse of real estate trends and the local economy.
Why? Because with the scarcity factor of rental properties in these areas, your investment could be worth more in the rental market than you think. So before you re-advertise or re-assess your tenants, make you aren’t undervaluing your weekly rental income. Finally, it’s not just about your property being worth more, a rental check can ensure that the terms and conditions are the best you can get and that you get the best tenants!
To read more about rental prices rising, have a look at my recent article on The Home Page. http://www.thehomepage.com.au/news/perth-rent-could-rise-by-up-to-20-in-2013/
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