moved through its worst, as vacancy
to benefit of
rates have fallen and there are lower
any upside in
levels of stock compared to previous
prices.
years.
I encourage Australians to consider the demonstrated value of property as a safe and profitable investment…
Lastly,
resold at a profit over the quarter was $17.7 billion, far
At the end of last year, Perth saw its
amidst some
first rolling quarterly capital gain since
of the ‘doom
late 2014 with CoreLogic reporting a
and gloom’ talk
0.3 per cent lift in dwelling values over
surrounding a
the three months to November 2017.
levelling market, I
They also reported that settled sales
encourage Australians to
are rising (+3.8 per cent year on year)
consider the demonstrated value
and homes are selling faster (59 days
of property as a safe and profitable
that is still there in many markets and
compared with 68 days a year ago).
investment over the long term.
that will likely remain over the course
There may be many good
outweighing resales losses which amounted to $453.8 million.
CoreLogic’s Pain & Gain Report for
opportunities to purchase Perth
the September 2017 quarter showed
property in the coming months and
the total gross value of properties
This also attests to the underlying demand for property
of the year despite signs of moderating price growth.
ABOUT CHARLES TARBEY
Charles Tarbey is the Chairman and Owner of Century 21 Australasia, one of Australasia’s largest and most diverse property groups. Charles has been actively involved in the property industry since 1972, and has trained and given advice to thousands of real estate agents, vendors and purchasers. He is also the author of two real estate books, Profit Driven Real Estate and Listing Rich.
21 MAGAZINE
5
CENTURY 21