29. November 2011 18:12
Perth’s suffering market is
ready for a long-overdue recovery and the big news coming of Perth is the much
awaited 20 year transport plan. Easy means of transportation is he major factor
in the minds of tenants and buyers when they sell or buy a house. Because of
this news, Perth property investing community will be keenly eyeing up the plan’s
progress for tomorrow’s hot spots. The Public Transport Plan 2013 report, it
will encourage housing development along the route. The sense of permanence of
light rail provides certainty and encouragement for developers to move towards
more consolidated higher density along the route”.
According to Michael
Veletti, Director of CB Richard Ellis, “The market has certainty softened, but
we suspect lot of that is related to buyers staying out of the market due to
uncertainty about a number of issues: a “double rip’ global recession, interest
rates, he election and the ructions over the mining tax.” Because of this, there
is pent-up demand and the buyers will start coming out to invest. The law of supply and demand plays big role in the main market and the volatility of house price in market appears soft. It really helps to attracts the cash flow investor.