34 min
EP9 What’s Happening In the Western Suburbs Market With Jamie Harrington. The WA Property Q&A
-
- Investing
In this WA Property Q&A podcast episode, we chat with Jamie Harrington, the Principal of Hub Residential. He talks about the high demand for apartments in the Western suburbs, which is driving up prices. When asked about the market's status, Jamie gives a positive outlook, stating that the Western suburbs property market is strong and not showing signs of decline. However, this also makes negotiations tough. In summary, the market has recovered after lockdown and presents opportunities for significant value growth. It remains relatively affordable compared to Sydney and Melbourne.Make sure you catch the entire episode for insights on:• Jamie's positive market outlook• Shifting apartment demands• Decreased interest in land and fixer-upper properties• The wisdom of land banking as an investment• Soaring property values after COVID• The challenges of property FOMO and making offers• The future of real estate in the Western SuburbsChapters0:00:00 Introduction0:01:31 Demand and Market Trends in the Western Suburbs0:03:17 Rising Popularity of Apartments in the Western Suburbs0:05:15 Shift from Investor to Owner Occupier Market0:07:42 Land and Properties Needing Work in Less Demand0:09:33 The Value of Land Banking and Development Opportunities0:11:04 Knock Over and Redevelop for Better Product0:13:16 Rapid Increase in Property Value Post-COVID0:15:06 Challenges of Making Offers in a Competitive Market0:17:36 Uncertainty and Market Resilience During COVID0:22:10 The Importance of Price Guides in Real Estate0:24:31 Putting Time Limits on Offers and Seller's Decision-Making0:28:12 The Buyers and Sellers' Access to Market Data0:30:42 The Future of the Real Estate Market in Western Suburbs0:32:40 Positive Outlook for the Economy and Real Estate Market0:34:03 Closing Remarks and Advice for Property Buyers in Western AustraliaVisit our website: https://rezzi.com.au/ (https://rezzi.com.au/)Subscribe on these channels: Apple Podcast -
In this WA Property Q&A podcast episode, we chat with Jamie Harrington, the Principal of Hub Residential. He talks about the high demand for apartments in the Western suburbs, which is driving up prices. When asked about the market's status, Jamie gives a positive outlook, stating that the Western suburbs property market is strong and not showing signs of decline. However, this also makes negotiations tough. In summary, the market has recovered after lockdown and presents opportunities for significant value growth. It remains relatively affordable compared to Sydney and Melbourne.Make sure you catch the entire episode for insights on:• Jamie's positive market outlook• Shifting apartment demands• Decreased interest in land and fixer-upper properties• The wisdom of land banking as an investment• Soaring property values after COVID• The challenges of property FOMO and making offers• The future of real estate in the Western SuburbsChapters0:00:00 Introduction0:01:31 Demand and Market Trends in the Western Suburbs0:03:17 Rising Popularity of Apartments in the Western Suburbs0:05:15 Shift from Investor to Owner Occupier Market0:07:42 Land and Properties Needing Work in Less Demand0:09:33 The Value of Land Banking and Development Opportunities0:11:04 Knock Over and Redevelop for Better Product0:13:16 Rapid Increase in Property Value Post-COVID0:15:06 Challenges of Making Offers in a Competitive Market0:17:36 Uncertainty and Market Resilience During COVID0:22:10 The Importance of Price Guides in Real Estate0:24:31 Putting Time Limits on Offers and Seller's Decision-Making0:28:12 The Buyers and Sellers' Access to Market Data0:30:42 The Future of the Real Estate Market in Western Suburbs0:32:40 Positive Outlook for the Economy and Real Estate Market0:34:03 Closing Remarks and Advice for Property Buyers in Western AustraliaVisit our website: https://rezzi.com.au/ (https://rezzi.com.au/)Subscribe on these channels: Apple Podcast -
34 min