PERTH’S TOP FIVE AFFORDABLE INNER CITY SUBURBS RP Data recently released a list of the top five most affordable suburbs within 10 kilometres of each CBD in Australia. In terms of Perth housing, the following suburbs topped the list: • Glendalough • Osborne Park • Westminster • Nollamara • Redcliffe I thought it would be worth profiling these suburbs to assist anyone thinking about buying a home or investing in one of these areas. According to RP Data, suburbs such…

Prime Industrial Property Still in Demand The industrial property market is considered a frontrunner in commercial property investment due to the strong income that can be achieved from long term leases. This is particularly the case for well-located industrial properties close to major transport links that will attract reliable and long term tenants. While major institutions have traditionally been the primary investors in industrial property, according to Colliers International, the rise of Self-Managed Super Funds (SMSFs) has seen an increase…

PERTH PROPERTY UPDATE – AUGUST 2014 When it comes to the state of the property market in Perth right now there is a mixed bag of statistics and market commentary that may paint a confusing picture. Statistics can make for interesting news headlines, however it is useful when analysing market statistics to consider monthly and quarterly results in the context of annual trends in order to establish a clear picture of the property market. While the monthly and quarterly stats…

UNDERSTANDING UNIT ENTITLEMENT VALUATIONS In the event a development is constructed over a parcel of land, the new units can be strata titled to enable individual Titles to be issued for each new unit, therefore enabling each lot to be sold. This is known as a built strata development and can include residential, commercial, industrial or mixed use developments, amongst others. When a property is subdivided into smaller lots, the new lots can be created as �green title� lots or…

WHAT IS A PROPERTY VALUATION? Although there are numerous investment options today, many investors consider property to be among the best. The value of property always increases with time and once you buy, you can take full control of it; which is something you cannot be guaranteed of with other assets. Even so, irrespective of the property you wish to acquire and how you intend to use it, it is crucial to have it valued. Property valuation involves gathering of…

SELF-MANAGED SUPER FUND: WHAT ARE THE BENEFITS OF INVESTING IN PROPERTY? The basic concept of an SMSF (Self-Managed Super Fund), is to provide benefits for all of its members at retirement. It’s a trust where investments and finances are managed exclusively by the members of the group, and it also allows the trustee to have complete control over what to invest in, and that can even include the purchasing of a property. A lot of Australians have switched over to…

Tips for choosing a valuer So you know you require a property valuer but not sure what questions you should be asking? Here are a few tips to ensure you make the right choice. SOMETIMES YOU GET WHAT YOU PAY FOR Many valuation firms, particularly the larger ones, focus on large volumes of work with lower margins. Whilst this could save you a few hundred dollars at the beginning, obtaining a valuation which proves to be inaccurate can be much…