Now is a fantastic time to invest.
The Perth property market is on the rise, and showing the most growth compared to any other Australian city. The quick uptake of tens of thousands of dollars in government COVID-19 economic recovery bonuses for new homebuyers and builders means an estimated 17,000 extra homes will be built in Perth this financial year.
The Mirage News stated, “rising buyer competition is prompting price growth for nearly half of Perth’s suburbs and buyer activity is tracking 40% higher, annually.”
And Yahoo News has said, “Western Australia has been named Australia’s most affordable state to live in by the Real Estate Institute of Australia for eleven consecutive quarters, and the Perth property market is seeing its highest number of property sales in five years.”
This is great news for the Perth economy, and great news for those willing to dive in now.
However, investors need to be ensuring that they are buying and investing smart – in suburbs with demand and limited supply.
Here at Jubilee Home Builders, we are the leading property development builder in Perth. Jubilee’s expert residential construction team specialise in wealth-generating multi-unit developments and beautiful custom homes.
Our strength lies in our ability to offer a simple and complete service. Our expert property development build team can manage your entire project – from soil testing and engineering, through to development application and approval, and completion of the project.
We know the lay of the land; the suburbs that buyers want to live in, and where homes are reaching the best prices.
It is important as an investor to not let the hype surrounding the current Perth property market make you rush out, and make any bad decisions. A general rule of thumb for property investing is that money is better spent around inner suburbs with already established schools/amenities, with less land/stock supply, as these areas always have better capital growth.
With a population of two million people living along a 150 kilometre stretch of pristine coastline, Perth has one of the largest urban sprawls in the country. A major trap for investors is to buy new homes in outer suburbs which have poor transport infrastructure and then are often forced to sell later at a loss because of a lack of demand for these homes. So, property investors should only focus on areas where there are good levels of transport infrastructure or newer areas where major transport links are planned in the next few years.
At Jubilee, property development builder Perth, we highly recommend undertaking market research prior to purchasing a development site. Meet with several real estate agents, compare current market prices versus previous sales, and ensure your development could be priced competitively and in line with the current market value.
Investing in real estate really is a numbers game and when choosing a property development builder, Perth, it’s important to choose a development team experienced in property development. With the peace of mind that your project is set up correctly from day one, and the knowledge that you’re working with a company that knows how to design and build properties that sell, you can look forward to gaining the profit you’re hoping for from your development.
At Jubilee Home Builders all our staff has vast experience in the industry. As a leading Perth property development builder, we’re aware of the market and current trends. We can help you build an investment development for maximum profit.