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Perth on the verge of an investment boom
Topic Started: 10 Aug 2017, 08:58 AM (1,383 Views)
Black Panther
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Perth on the verge of an investment boom

Perth is on the verge of a significant private infrastructure surge, with billions of dollars of investment in hotels, apartments, and shopping centres about to kick off, according to a new research report from Momentum Wealth, a Perth-based property investment advisor.

The research report outlines Perth’s massive pipeline of projects, either under construction or committed to, including 15 major hotels, more than 40 large-scale apartment projects, and $4bn worth of upgrades to metro shopping centres.

Damian Collins, managing director of Momentum Wealth, said the looming private infrastructure investment presents lucrative opportunities for property investors.

“While these developments will create tens of thousands of jobs and buoy the Perth economy in the coming years, many of these projects will also enhance amenity in local communities, which will help to drive demand and prices for nearby housing,” Collins said.

“Although some of these apartment, hotel and shopping centre projects have started, the research report shows that the large majority of works are still ahead of us and will be completed over the next 2-4 years.”

Investors who act early and take advantage of this investment surge are likely to benefit the most, according to Collins.

Investors should target projects with tangible benefits

While Momentum Wealth’s report, Perth Private Infrastructure 2017, details the unprecedented building boom ahead, Collins said investors need to be vigilant when making their investment decisions.

“Hotel developments are typically limited to the Perth CBD, and while they will help stimulate the local economy by creating jobs, these projects won’t have a direct impact on property markets,” Collins said. “Instead, the research report explains that investors should focus on metropolitan apartment and shopping centre developments that deliver more tangible benefits to local communities by way of new cafés, shops, restaurants and cinemas.”

The research report highlights that many shopping centre expansions. These include main-street dining and leisure precincts to ensure such areas remain active after 5pm. Some suburban apartment projects include café and retail offerings at the ground floor that are open to the local community.

“New amenities that come with these projects will help buoy values of nearby housing as more people [will] want to live in these areas. It is these types of projects that investors need to consider when buying their next investment property,” Collins said.

http://www.yourinvestmentpropertymag.com.au/news/perth-on-the-verge-of-an-investment-boom-237504.aspx
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Rat
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Filthy Rodent

The silly Perth bears are going to be apoplectic over the next few years as the new Perth boom unfolds. Imagine Veritas' fury as Lord Shadow is proved right once again. :lol

As Sydney begins its decline, Perth is fast approaching the bottom.

https://www.htw.com.au/month-in-review/

"Residential investment activity hasn’t exactly been the most exhilarating BBQ conversation in Perth over the past 12 months. It’s like a problem gambler – you only ever hear about the wins! However as the market approaches (or potentially is already at) the bottom of the cycle, it might be time to start studying the form guide again.

There are some great opportunities in both the new and established inner city apartment market.

Perth is currently in the midst of a property cycle at polar opposites to the rest of the country. For our eastern states investors, it may be worth investigating a counter cyclical play with Perth appearing to be in the driver’s seat in comparison to many other markets throughout Australia."


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Edited by Rat, 10 Aug 2017, 09:31 AM.
Consumer protection laws extended to small businesses. Banks not permitted to repossess due to non-monetary defaults (for example, a fall in the property value).
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Ex BP Golly
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Rat
10 Aug 2017, 09:19 AM
The silly Perth bears are going to be apoplectic over the next few years as the new Perth boom unfolds. Imagine Veritas' fury as Lord Shadow is proved right once again. :lol

As Sydney begins its decline, Perth is fast approaching the bottom.

https://www.htw.com.au/month-in-review/

"Residential investment activity hasn’t exactly been the most exhilarating BBQ conversation in Perth over the past 12 months. It’s like a problem gambler – you only ever hear about the wins! However as the market approaches (or potentially is already at) the bottom of the cycle, it might be time to start studying the form guide again.

There are some great opportunities in both the new and established inner city apartment market.

Perth is currently in the midst of a property cycle at polar opposites to the rest of the country. For our eastern states investors, it may be worth investigating a counter cyclical play with Perth appearing to be in the driver’s seat in comparison to many other markets throughout Australia."


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How long till Rockhampton picks up and you can dust off your Frank Castle sock?
WHAT WOULD EDDIE DO? MAAAATE!
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Rat
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Filthy Rodent

Ex BP Golly
10 Aug 2017, 10:05 AM
How long till Rockhampton picks up and you can dust off your Frank Castle sock?
Frank made his fortune in Rocky and retired to Vietnam or Thailand or somewhere like that years ago. Perhaps he'll return some day to rub your nose in it. :lol

Here's some more good news for Perth...

http://www.perthnow.com.au/news/western-australia/bust-to-boom-for-perth-property-prices/news-story/e0bc77eb803c30346680589e64058f8b

Bust to boom for Perth property prices

WA PROPERTY markets could go from the nation’s worst to its best-performed over the next two years as buyers regain confidence in the State and go cold on the rest of the country.

National Australia Bank analysis suggests WA has reached the bottom after several years of falling property prices, growing rental vacancy rates and the biggest fall in rents since the early 1990s.

NAB chief economist Alan Oster said there were clear expectations among property analysts that the WA market would improve relative to the rest of the country over the next two years.

Mark Passmore, of Passmore Real Estate in Morley, said there had been a noticeable lift at the higher end of the market, which was a sign the entire market was shifting.

He said interest was growing in sought-after suburbs where prices had dropped over recent years as confidence in the overall market and economy had improved.

“You can feel that the market is at a pivotal point,” Mr Passmore said.
Edited by Rat, 10 Aug 2017, 10:17 AM.
Consumer protection laws extended to small businesses. Banks not permitted to repossess due to non-monetary defaults (for example, a fall in the property value).
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Foxy
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Zero is coming...

It's all a matter of timing...

Good luck to all..
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Tyson
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I'm a bear on this one guys.

Until mining picks up, I don't see Perth prices going up. And I'll know when mining picks up as it'll be when all my friends who are struggling to get jobs, end up getting jobs.

So until I start to see a bunch of my friends pick up good work, I won't believe Perth is going to increase in value anytime soon. That being said, I don't know if I'd invest in Perth anyway.

If mining picks up, all the mining companies will start to re-open their Brisbane offices again, so I'd rather have an investment in Brisbane where it's more safe. Sure it won't get the potential surge the Perth could get, but it won't see the crash that Perth could see either.
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newjez
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Black Panther
10 Aug 2017, 08:58 AM
Perth on the verge of an investment boom

Perth is on the verge of a significant private infrastructure surge, with billions of dollars of investment in hotels, apartments, and shopping centres about to kick off, according to a new research report from Momentum Wealth, a Perth-based property investment advisor.

The research report outlines Perth’s massive pipeline of projects, either under construction or committed to, including 15 major hotels, more than 40 large-scale apartment projects, and $4bn worth of upgrades to metro shopping centres.

Damian Collins, managing director of Momentum Wealth, said the looming private infrastructure investment presents lucrative opportunities for property investors.

“While these developments will create tens of thousands of jobs and buoy the Perth economy in the coming years, many of these projects will also enhance amenity in local communities, which will help to drive demand and prices for nearby housing,” Collins said.

“Although some of these apartment, hotel and shopping centre projects have started, the research report shows that the large majority of works are still ahead of us and will be completed over the next 2-4 years.”

Investors who act early and take advantage of this investment surge are likely to benefit the most, according to Collins.

Investors should target projects with tangible benefits

While Momentum Wealth’s report, Perth Private Infrastructure 2017, details the unprecedented building boom ahead, Collins said investors need to be vigilant when making their investment decisions.

“Hotel developments are typically limited to the Perth CBD, and while they will help stimulate the local economy by creating jobs, these projects won’t have a direct impact on property markets,” Collins said. “Instead, the research report explains that investors should focus on metropolitan apartment and shopping centre developments that deliver more tangible benefits to local communities by way of new cafés, shops, restaurants and cinemas.”

The research report highlights that many shopping centre expansions. These include main-street dining and leisure precincts to ensure such areas remain active after 5pm. Some suburban apartment projects include café and retail offerings at the ground floor that are open to the local community.

“New amenities that come with these projects will help buoy values of nearby housing as more people [will] want to live in these areas. It is these types of projects that investors need to consider when buying their next investment property,” Collins said.

http://www.yourinvestmentpropertymag.com.au/news/perth-on-the-verge-of-an-investment-boom-237504.aspx
Not going to happen without a need for it being generated.

Can't see Perth becoming a hub.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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PVN
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Its getting worse- says BIS, not spruiker.


Western Australia's housing market is the most oversupplied in the country and it is only going to get worse, a new report on the future of the building market has found.


HA HA HA HAAA..
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Ex BP Golly
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Rat
10 Aug 2017, 10:13 AM
NAB chief economist Alan Oster said there were clear expectations among property analysts that the WA market would improve relative to the rest of the country over the next two years.

As the rest of the country declines, WA will look a little bit better.

Nice.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Jimbo
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Tyson
10 Aug 2017, 10:33 AM
I'm a bear on this one guys.

Until mining picks up, I don't see Perth prices going up.
There will never be a time again when every resources major decides to build new infrastructure at exactly the same time, competing for limited labour in tandem with a state government on a massive spending spree.

The big boys can now see the folly of paying dunny cleaners $150k a year to capitalise on a high commodity price only to see it drop like a stone when they all brought their production on line at the same time. The state government can now see the folly of spending the vast amounts of money they thought they were going to get from royalties only to end up out of office and in massive debt.

It was a once in a lifetime boom and it won't be happening again.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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