Perth Property Market Update May 24 - No End In Sight

Today’s episode is my quarterly deep dive into the Perth Property market, and it's well worth tuning into! With a 43% decrease in the number of properties for sale over the last year and one of the tightest rental markets on record, our market is running hot and there is no end in sight for the growth in both sale and rental prices.
I break down the critical factors driving our market, from our strong economy, interest rates, inflation as well as buyer and investor activity from other states. I give you my outlook for the year ahead, actions to consider and how we can help you make the most of the market.
Let’s go inside.
Resource Links:
• Get your Strategic Portfolio Plan and our help with Buying Your Next Perth Property (www.investorsedge.com.au/inve...)
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• Join Jarrad Mahon’s Property Investor Update (www.investorsedge.com.au/join)
• For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (www.investorsedge.com.au/pert...)
• For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (www.investorsedge.com.au/sell...)
Episode Highlights:
• Intro [00:00]
• Perth Property Market Trends, Including Low Supply and High Demand. [02:12]
• Perth Real Estate Market, Including House and Rental Prices. [04:18]
Australian Real Estate Market Trends and Outlook. [09:26]
• Australian Housing Market Trends, Investor and First-time Buyer Activity, Inflation, and Share Market Performance. [17:38]
• Perth's Economic Outlook, Population Growth, and Real Estate Market. [21:44]
• Perth Property Market Predictions, Trends and Investment Strategies. [25:58]
Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.
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[@stevetaylor-lg6pw]

Awesome ep Jarrad! Such great insight into the current Perth market!

[@mattgimblett8424]

You are by far the best Perth real estate commentator in the game, covering absolutely everything!! such an underrated podcast, good job man 👏

[@InvestorsedgeAu]

Thanks for tuning in Matt, glad you found it useful 👍🏻 Jarrad

[@classicappetite]

Thanks for your great insights! Can you do videos for regional WA as well? Thanks.

[@nq6417]

You’re the only one saying keep buying. Other buyers agents are looking elsewhere. AFR saying Perth to be the out performer through to 2027 of any other city. Good job Jarrod

[@williamcrossan9333]

This boom feels like its never going to end. But clearly, looking at the past, it will. But what causes booms to start and stop? Why was the vacancy rate as high as 7% a few years ago! But almost zero now? 17,000 listing in 2018? Yet almost nothing now! What made the market change? It's a mystery to me.

[@InvestorsedgeAu]

It felt like the down period was never going to end too… it’s the nature of cycles and our economy, availability of finance, business, share market and real estate… they all go through cycles and work off each other. -Jarrad

[@nq6417]

5:02 can you clear something up for me Jarrod. If land is supposed to be the thing that goes up and the building depreciates, then why is land median price flat for 10 years and houses go up. That flies in the face of that myth doesn’t it?

[@InvestorsedgeAu]

Hello! The underlying value of land has been going up but there has been very little land selling or being created in higher priced areas to reflect in the median land price, which has mostly been driven by lower priced land in outer land estates selling and keeping the median price low. As subdivision becomes more viable, more higher priced land will get created and the median price will go up.

[@nq6417]

@@InvestorsedgeAu it sounds me like it’s one of those things that can’t be measured then. The land graph represents land sales, yet the land values under a house can’t be graphed, hence the guesstimate. Interesting. Thanks for replying

[@jimmydickson8854]

People will be living in tents more and more ,what’s driving the market (greed ) young people can’t afford to buy a house in Perth or any other state ,camping shops will do ok selling tents ,property market is stagnant ,even people won’t renovate materials are expensive