2021 A Year In Review

2021 A Year In Review

It seems that 2021 has been the year of media overload. From the pandemic to politics to the Perth property market, there has been a constant barrage of information. At times like these, it can be overwhelming and much easier to switch off. However, to invest wisely, you need to keep your finger on the pulse. Luckily, we are her to help! So, here is a snapshot of what happened in the Perth property market in 2021 and what is being predicted as we move forward into 2022 …

Moving into 2022 …

Well, it looks like everyone agrees that prices will keep rising throughout 2022 and Perth has a long way to catch up with all other States. Considering Perth has one of the lowest rental vacancy rates and among the highest rental yields in the country along with rising land and construction prices, 2022 is poised to show significant growth. Additionally, when the borders open up, there is likely to be an influx of immigration into Perth due to its low unemployment rate and housing affordability; which is likely to add fuel to the fire as there will not be enough stock on the market to keep up with demand. It isn’t very often that you get times of higher than normal inflation, coupled with low interest rates, low stock levels and continued levels of demand.  Times like this have proven to be times of significant growth, so watch out for where prices are headed in Perth in 2022.