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W.A…The New Hot Spot!

 In In The News

We are in a bubble and we are blessed!

The weather is warming, our pristine beaches are already a hive of activity and the rental market is as busy as we’ve seen in many years, eight to be exact! 2012 saw us inundated with tenants, the high volumes attending homes opens set record rents. Fast forward to a turbulent 2020 and we find ourselves welcoming the rush of enquiry and fast pace of leasing, which only looks to continue with an interstate push for workers to relocate to WA. Who wouldn’t want to be living in our bubble?! However, pair this with Perth’s low rental stock levels and it looks likely WA will be facing a rental housing shortage.

The WA Housing shortage strategy 2020-2030 has been launched, a call to action for all sectors to work together and improve housing choices – particularly for the most vulnerable.
It is a very stressful time for those renting and this strategy commits to:

  • a six per cent net increase in social homes over the next 10 years (2,600 homes)
    diversifying the rental sector
  • continuing to responsibly support home ownership opportunities for people on low to moderate incomes
  • improving the availability of liveable designed housing
  • building liveable, inclusive and connected communities that improve social and economic participation
  • improving outcomes through a more integrated approach to housing and service assistance
  • creating jobs and contributing to the state’s economy

Three plans are now being developed that will contribute to achieving the targets:

  • an affordable housing implementation plan
  • a social housing framework
  • a regional and remote housing implementation plan

Console Cloud – Owner Portal

Yesterday we opened your very own owner portal! You’ll have received an email inviting you to create a log in. We highly recommend you sign up as you will be able to access information 24/7 on:

  • Tenancy Overview
  • Property Activity
  • Statements

We are really excited to offer this application to you. Let us know if you need help and please remember we are always here to offer any information you may need on your investment.

A fair go for landlords campaign update:

Thanks to those who took the time to partake in REIWA’s campaign. REIWA conveyed disappointment that the moratorium had been extended without any change. However REIWA has expressed comfort by Minister Quigley’s comments that there was no appetite within the WA Government to extend the moratorium beyond 28 March 2021, unless another significant COVID-19 outbreak occurs.

So another reminder why we must all continue to practice correct hygiene standards. Keep WA COVID-19 free!!

If you were considering investing in the property market now looks to be an ideal time, record low interest rates and a surge in rental demand will achieve premium rents. Our Business Development Manager Siobhan invites your call and discuss returns on any property you may be considering buying.

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