People considering investing in property in WA are now seeing some amazing opportunities with prices, rental returns and low borrowing costs all currently in their favour however the market has spiked significantly since Christmas and the window is closing quickly according to RE/MAX WA Managing Director and Investment Manager, Geoff Baldwin.
“Fixed interest rates are as low as they have been for several years and are predicted to go lower, massive rental demand is seeing returns increasing almost weekly and, although stock is beginning to diminish there is still some great value available in the WA market”, he said.
“For the first time in years we are able to offer positive geared properties whereby the rental income will cover the costs after tax for many investors so people have the opportunity to get into the market without it being a drain on their income.
“We are seeing a massive increase in demand for our “off the plan” developments as investors recognise the opportunity to buy now and take advantage of an improving market while not having to settle for 6 to 8 months or more.
“Our recent investment workshop numbers have been triple what they were this time a year ago and our sales to investors are now at five year record levels.
“As stock continues to decrease there will obviously be less choice and hence upward pressure on prices so people considering investing in property should take action sooner rather than later”, Mr Baldwin said.
Geoff Baldwin will hold his next Free Investment Workshop for first time and established investors in Perth on 30th January at 6.30 pm. Booking can be made by emailing firstname.lastname@example.org
Media Contact – Geoff Baldwin - 0413754414