Market conditions
Yes, we have seen an increase in interest rates over the past six months but are they significant? In 1982 interest rates rose above 18%, however, have property prices come down?
In Sydney and Melbourne since 2007 property prices have virtually doubled whereas the Perth Western Suburbs market is just getting back to prices seen during this period.
Reason why you should seriously consider purchasing today in the Perth Market:
Increased buyer inquiry from the Eastern States, capitalising on their boom market.
The resource boom and significantly lower prices in the Western suburbs for properties of similar location.
History doesn't lie. If you purchase location, location, location - close to schools, the river, the beach, golf courses, exceptional shopping facilities and on the doorstep to the city - you can't go wrong. It is also a wonderful superannuation and lifestyle investment particularly when you retire because it is free from capital gains tax.