Rent Increases in Perth City Properties

October 23, 2012

By James Limnios

 

There is a huge demand on rental properties in the Perth inner suburbs at the moment, which means that rents are going through the roof. At time of writing, the average rent for an apartment in the city is about $100 more than an average house in a neighboring suburb.

At Limnios Property Group, we have about a 1% vacancy rate for inner city apartments, which is putting huge pressure on the market. It's not all bad news, as this is a great time to invest in these properties to give the rental market a boost.

To read more about the rising rent prices in Perth, click through to my article "Inner City Rent In Perth Skyrockets" on the Real Estate View blog.

City Link Project Needs To Re-Vamp Fitzgerald Street

October 5, 2012 

By James Limnios

Perth City, and Northbridge are currently going through a bit of an 'in-between' period, where the facelift process is only part way through. All the changes and upgrades are definitely welcome if we want Perth to look great on a world stage. 

The $3 billion City Link project is one of those projects that has the potential to revitalise the city and it's surrounds, but in looking at the areas they are concentrating on, it seems that some have been overlooked.

Key arterial roads into the city, such as Fitzgerald Street have remained untouched for up to 50 years, making the popular area leading into North Perth a bit of an eyesore. There isn't much housing and there is a high amount of unused commercial buildings dotted along the way. 

If we re-vamp this area in time for the City Link's completion, then it will bring the project together beautifully. Look what a re-vamp has done for East Perth and the Tunnel overhead areas.

Read more about the City Link and what we should be doing to revitalise key areas of Perth in my press release to real estate buzz.

Dear followers I am seeking feedback on your opinion regarding urban infill vs greenfield development? My personal opinion is that it's very unhealthy for usto promote the "urban sprawl".

It's healthier physically and mentally to encourage our population to live within activity and transport nodes. We are not designed in most cases to be loners! We need people and love to be with people!

Metro Area Express to create light rail value trail

We urgently need a plan to boost near city housing

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