The Spring Selling Season: why it’s the Peak Time for Selling Real Estate in Perth.

Today, we’re diving into the exciting world of the spring selling season in Perth. If you’re thinking about selling your property or just curious about the dynamics of the real estate market, you’ve come to the right place. Strap in, grab a cup of your favorite brew, and let’s explore why spring is the ultimate time for selling your home.

Overview: The Thriving Real Estate Market in Perth

How amazing is Perth?! Where pristine coastal landscapes meet the allure of vibrant city living. It’s no secret that our little slice of Western Australia continues to thrive in the real estate department. With its strong market stability and consistent growth, there’s no denying the allure of the Western Suburbs. People from all walks of life are flocking here to find their dream home, making it an exciting time for both buyers and sellers.

What Exactly is the Spring Selling Season?

Now, let’s talk seasons. We all know that springs hold a certain magic in the air, but did you know it extends to real estate too? The spring selling season is when the real estate market sees a surge in activity, as buyers and sellers alike seize the opportunity to make life-changing moves.

Benefits of Selling During Spring: Where the Sunshine Ignites the Market

  1. Increased Buyer Demand: Picture this – spring rolls around, and suddenly there’s a buzz in the air. Buyers emerge from their winter hibernation, energised and ready to find their next perfect property. The surge in buyer activity during spring creates a highly competitive atmosphere, making it an ideal time to sell.
  2. Attractive Presentation: With nature in full bloom, properties shine under the warm sun. Lush gardens and vibrant landscapes transform houses into dream homes, captivating potential buyers. Let Mother Nature work her magic and showcase your property’s best features.
  3. Longer Days and Better Lighting: Ah, the extended daylight hours! Spring gifts us with more time to showcase our homes in the best light – quite literally. Brighter spaces create a warm and inviting atmosphere, leaving a lasting impression on buyers as they tour your property.
  4. Optimal Timing: If you’re a family with school-aged children, spring is a dream come true. It offers the perfect window to sell before the next school year begins, ensuring a smooth transition for everyone involved. Plus, the potential for a quicker sale means you can start the next exciting chapter of your life sooner rather than later.
  5. Competition and Pricing: Selling during the spring selling season means you’ll have plenty of company. While it may sound daunting, increased competition can actually work in your favor. With more sellers in the mix, it’s essential to price your property competitively and attract potential buyers swiftly.

Preparing for a Successful Spring Sale: Setting the Stage

Now that we’re convinced spring is the bees’ knees for selling, it’s time to roll up our sleeves and prepare for a successful sale. Here are a few tips to help you make the most of this vibrant season:

  1. Home Staging: Give your property that wow-factor by staging it to perfection. Create an inviting atmosphere that allows buyers to envision themselves living in their future dream home.
  2. Curb Appeal: First impressions matter, and nothing says “welcome home” like a well-maintained and stunning exterior. Spruce up your property’s curb appeal by tending to the garden, adding colorful flowers, and creating an alluring entrance.
  3. Highlighting Spring Features: Embrace the beauty of the season and showcase your property’s unique springtime features. Outdoor entertaining areas, sun-drenched patios, and enchanting garden spaces will entice potential buyers and enhance the property’s overall charm.

Spring Forward Into Your Real Estate Journey

And just like that, we’ve unveiled the wonders of the spring selling season in Perth. If you’re considering selling your home, take advantage of this opportune time to captivate potential buyers. With increased demand, vibrant presentation, and optimal timing, spring offers the perfect backdrop for your real estate journey.

Reach out for personalised advice, market insights, and expert guidance throughout your selling experience. Together, we’ll navigate the Western Suburbs’ real estate landscape, ensuring you find the perfect buyers to carry on your property’s story.

Mareena Weston
M: 0422 406 199 E: mareena@edisonmcgrath.com.au

A Blog About Keeping the Kids Occupied: School Holiday Family Activities in Perth.

As school holidays approach, keeping kids entertained can be a challenge. Fortunately, the amazing city that we call Perth offers a variety of exciting and budget-friendly options for the whole family. 

From outdoor adventures to cultural experiences, I have compiled a list of ten activities that won’t break the bank.

Get up close with nature at the Perth Zoo: Located in South Perth, the Perth Zoo is home to over 1,200 animals from around the world. Admission is free for children under 4 and ranges from $12.50 to $32.50 for adults.

Explore the Kings Park and Botanic Garden: This sprawling parkland in the heart of Perth offers a range of activities, from nature trails and playgrounds to picnic areas and free guided walks.

Take a trip to the Wanneroo Botanic Gardens and Mini Golf: This lush oasis in the northern suburbs boasts 36 holes of mini golf, a miniature village, and an outdoor maze. Admission is $17 for adults and $14 for kids.

Go on an adventure at Adventure World: Australia’s largest theme park located in Bibra Lake is a perfect place to spend a fun-filled day with the family. It offers a range of rides, water slides, and attractions suitable for all ages. Day tickets start at $49.50.

Get creative at the Art Gallery of Western Australia: The Art Gallery of WA offers a range of free activities for children and families throughout the school holidays. These include storytelling, art-making workshops, and interactive exhibitions.

Spend a day at the beach: Perth is home to some of the world’s most beautiful beaches. Pack a picnic and head to Scarborough Beach, City Beach or Cottesloe Beach for a day in the sun and surf.

Head to the indoor playgrounds: Located in various shopping centres in the Western Suburbs, these indoor playgrounds offer the perfect escape from the scorching Perth heat. Prices range from $10 to $15 per child, and parents can enjoy some shopping or a coffee while the kids play.

Visit the aquarium: AQWA at Hillarys Boat Harbour is Perth’s premier underwater aquarium and marine exhibit. It features over 400 species of marine life, including sharks, stingrays, and turtles. Admission starts at $15 for children and $30 for adults.

Get active at Bounce Perth: This indoor trampoline park in Cannington is perfect for when the weather turns sour. It features over 50 interconnected trampolines, a giant airbag, and an obstacle course. Prices start at $15.

Get out on your bikes: Perth has a network of bike paths that are perfect for a family ride. Ride around Herdsman Lake, Lake Joondalup or the Swan River. Pack a picnic lunch and make a day of it!

Whether you’re looking for outdoor adventures, cultural experiences, or just some good old-fashioned fun, this list has you covered. These ten activities offer something for everyone and won’t break the bank. Get out and enjoy all that this beautiful city has to offer these school holidays!

A Blog About The Perth Royal Show

The Perth Royal Show, known as WA’s most important and long-standing community event, holds a rich history that dates back to 1834.

With the school holidays on the horizon and the highly anticipated Perth Royal Show fast approaching, I found myself captivated by the idea of exploring the show’s rich history. The annual event has transformed and evolved over the years, molding itself into the beloved spectacle we know today.

So, let’s take a step back in time and delve into the intriguing story of the Perth Royal Show and how it has shaped Western Australia’s cultural landscape.

Originally called the Annual Fair and Cattle Show, the event took place in Guildford, just outside of Perth. It included various attractions such as equestrian events, sheepdog trials, woodchopping, and prizes for cattle and sheep. Interestingly, many of these events are still a significant part of the show today.

Over the years, the Perth Royal Show has evolved and grown, becoming an integral part of Western Australia’s cultural fabric. It has been held continuously for over 185 years, with only a few exceptions during disruptive global events. The show serves as a celebration of agriculture, showcasing the region’s rich farming heritage and offering a platform for farmers and breeders to exhibit their livestock and produce.

Each spring, approximately 400,000 people gather to experience the Perth Royal Show and all it has to offer. The event takes place at the Claremont Showground, which was established in 1902 to replace the previous showgrounds in Guildford. Visitors can explore informational exhibits, witness agricultural competitions and animal showcases, enjoy the excitement of sideshow alley and rides, and indulge in the beloved tradition of showbags.

Throughout its history, the Perth Royal Show has seen many changes and adaptations. It has endured fluctuations in popularity, evolving entertainment preferences, and shifts in the agricultural industry. The State Library of Western Australia houses a collection of historic images that provide a glimpse into the attractions and fashions of yesteryear at the show. These images showcase the evolving nature of the event, capturing its enduring charm and significance.

As we reflect on the history of the Perth Royal Show, it’s clear that the event holds a special place in the hearts of Western Australians. It represents a longstanding tradition that brings communities together, celebrates agriculture, and provides joy and entertainment for people of all ages. We can only anticipate the excitement and wonder that future Perth Royal Shows will bring as they continue to evolve and captivate new generations.

I came across some “Then & Now” photos shared by ABC News. This news article featured 10 things that never change at the Perth Royal Show, and some of these were a stand out to me!

**Content and information source: ABC News, The Perth Royal Show, Wikipedia and The West Australian.

A Blog About Property Marketing

Why Marketing Is Essential When Selling Your Home.

When it comes to selling your home there’s one thing that simply can’t be overlooked: marketing. Why? Because marketing isn’t just a fancy extra; it’s a crucial investment that can make all the difference in finding the right buyer and securing the best possible price. Let’s take a closer look at why marketing is so important.

Firstly, marketing is the key to getting your property noticed in a crowded market. With so many homes for sale, it’s easy for your property to get lost in the shuffle. That’s where marketing comes in. By employing an effective marketing strategy, you can ensure that your property stands out from the rest, catching the eye of potential buyers and generating interest.

Secondly, marketing helps to highlight the unique features of your property. Every home is special in its own way, and it’s marketing’s job to showcase what makes your property truly exceptional. By emphasising the benefits of your home, such as its location, architecture, or amenities, you’ll be able to capture the attention of buyers who are looking for exactly what you’re offering.

Thirdly, marketing is a powerful tool for creating emotional connections with buyers. People buy homes not just because of their practical features, but because of the way those features make them feel. With the right marketing, you can tap into those emotions and create a vision of what life could be like in your home. A well-crafted marketing campaign can make potential buyers fall in love with your property before they even set foot inside.

Finally, marketing saves time and increases your chances of success. When you invest in marketing, you’re taking a proactive approach to selling your property. You’re reaching out to potential buyers, capturing their attention, and encouraging them to take action. This can lead to a faster sale at a higher price, which ultimately saves you time and stress.

In conclusion, marketing is a crucial investment when selling your home. It’s the key to getting your property noticed, highlighting its unique features, creating emotional connections, and ultimately achieving success. So, if you’re looking to sell your home, don’t overlook the power of marketing.

As an experienced, award winning real estate agent, I’m committed to working with you to develop a tailored marketing strategy that will help you achieve your goals. Let’s bring your property into the spotlight and find the perfect buyer together.

Mareena Weston
M: 0422 406 199 E: mareena@edisonmcgrath.com.au

A Blog About Discovering the Best Schools and Parks in the Western Suburbs.

Community Spotlight: Discovering the Best Schools and Parks in the Western Suburbs.

Living in the Western Suburbs of Perth is a privilege many of us enjoy. With its idyllic location, beautiful homes, and abundance of parks and schools, it’s no wonder why it continues to attract people from all walks of life.

In this blog, I take a closer look at the best schools and parks in the Western Suburbs, with a particular focus on the suburbs of Claremont, Mount Claremont, and dog-friendly areas.

Let’s start with schools….

The Western Suburbs are known for their high standard of education, and Claremont and Mount Claremont are no exception.

Christ Church Grammar School, a prestigious boys’ school in Claremont, has been recognised as one of the top schools in the country, offering quality education to boys from Kindergarten to Year 12.

Meanwhile, Scotch College, an all-boys school in Swanbourne, is also renowned for its academic excellence and outstanding facilities.

If you are looking for education options that cater for both primary and secondary students, John XXIII College in Mount Claremont and Presbyterian Ladies College (PLC) in Peppermint Grove are both excellent choices.

When it comes to parks…

The Western Suburbs are a nature lover’s dream come true.

Claremont has a number of beautiful parks, but the standout is Lake Claremont Reserve, a 70-hectare natural wetland that is home to over 100 species of birds.

This reserve is a great place to walk your dog, ride your bike, or take a leisurely stroll and enjoy the scenery. It’s also a popular spot for picnics and family gatherings, with plenty of amenities, including picnic tables, barbeques, and play equipment.

Another popular park in the area is Bold Park, located in the suburb of City Beach.

This expansive park covers over 400 hectares of bushland, and offers a range of recreational activities, like hiking, birdwatching, and mountain biking.

It’s also a dog-friendly park, with designated off-leash areas for your furry friends to play and socialise.

In Mount Claremont, Perry Lakes Reserve is a must-visit for anyone who loves the outdoors. This sprawling park boasts over 80 hectares of natural bushland, as well as recreational facilities, like a skate park, playgrounds, and sports fields.

It’s a wonderful place to bring the kids and let them run wild, or to simply unwind and reconnect with nature.

In summary, the Western Suburbs of Perth truly have something for everyone, from top-notch schools to picturesque parks. Whether you’re a family with young children, a professional couple, or a retiree, this area has everything you could want and more.

And if you’re a dog owner, the Western Suburbs are a haven for dog-friendly parks and reserves, making it the perfect choice for your furry family member.

If you want to chat about all things Western Suburbs, particularly what is happening in the property market I would love to catch up with you for a coffee!

Mareena Weston
M: 0422 406 199 E: mareena@edisonmcgrath.com.au

Elevating the Western Suburbs Real Estate Experience.

__________________________________________________________________________

https://www.ccgs.wa.edu.au/

https://www.scotch.wa.edu.au/

https://www.johnxxiii.edu.au/

https://www.plc.wa.edu.au/

https://www.claremont.wa.gov.au/environment/lake-claremont/

https://www.bgpa.wa.gov.au/bold-park

https://www.cambridge.wa.gov.au/Discover-the-Town/Parks-Facilities/Beaches-Parks/Perry-Lakes-Reserve

A Blog About Moving House with Kids & Pets

Moving House with Kids and Pets: Your Guide to a Calm and Organised Transition

Moving house can be an exciting yet challenging time for families, especially when you have little ones and furry friends to consider. That’s why I thought I would share my top tips on how to prepare for moving house with kids and pets in tow, while keeping things calm and organised.

1. Communication is Key

Start by having an open and honest conversation with your children about the upcoming move. Explain why you’re moving, and involve them in the planning process. This will help ease any anxiety they might have and make them feel included in this new adventure.

2. Create a Moving Checklist

To stay organised, create a moving checklist that includes all the tasks you need to complete before, during, and after the move. This will not only ensure that everything gets done but also give your kids a sense of accomplishment and involvement.

3. Pack an “Essentials” Bag

Pack a separate bag for each family member with their must-have items for the first few days in the new home. Include toiletries, a change of clothes, favourite toys or books, and any special items that will provide comfort during the transition. This way, you won’t have to rummage through boxes to find essentials, and everyone will have what they need within easy reach.

4. Give Kids and Pets a Safe Space

Consider arranging for a trusted friend or family member to look after them during the move or designate a specific room in the house where they can stay away from the chaos. Fill this space with familiar items, toys, and treats to help ease any stress or anxiety they may experience.

5. Enlist Help

Moving with kids and pets can be challenging, so don’t hesitate to ask for help. Reach out to family, friends, or professionals who can lend a hand during the moving process. Having extra assistance will not only make things more manageable but also allow you to focus on ensuring your family’s comfort and well-being during this time.

6. Stick to Routines

Moving can disrupt your family’s usual routines, but try to maintain some sense of normalcy amidst the chaos. Stick to regular meal times, bedtimes, and activity schedules as much as possible. Familiarity and routine can help children and pets feel secure during this period of change.

7. Introduce Pets to the New Environment Gradually

Take the time to gradually introduce your pets to their new environment. Start by confining them to a specific area, such as a single room or a fenced-off backyard, before gradually expanding their territory. This will help them adapt more easily and prevent them from becoming overwhelmed.

8. Settling into the New Area

As you settle into your new home, take the opportunity to explore the suburb with your family. Locate nearby parks, schools, and pet-friendly spaces.

Moving house with kids and pets may require some extra planning and patience, but with the right approach, it can also be an exciting and positive experience for the whole family.

Remember, I am always here to assist you with any real estate needs or questions you may have. I would love to catch up with you for a coffee and a chat.. Happy moving!

Mareena Weston
M: 0422 406 199 E: mareena@edisonmcgrath.com.au

A Blog About Home Opens

Preparing Your Home for a Successful Home Open: A Comprehensive Guide.

The anticipation of hosting a home open can be both exciting and nerve-wracking. It’s a crucial opportunity to showcase your home in the best light and attract potential buyers. By investing some time and effort into preparing your home, you can significantly increase its appeal and create a lasting impression. In this blog, we’ll walk you through essential steps to help you get your home ready for a successful home open.

  1. Clean and Declutter:
    Start by giving your home a thorough cleaning. Dust surfaces, vacuum carpets, mop floors, and ensure all rooms are spotless. Remove personal items and clutter to create a spacious and inviting atmosphere. Consider organizing closets and storage areas, as potential buyers often explore these spaces.
  2. Enhance Curb Appeal:
    First impressions matter, and the exterior of your home sets the tone for what buyers can expect inside. Boost your home’s curb appeal by tidying up the front yard, trimming hedges, mowing the lawn, and adding colorful potted plants or flowers near the entrance. A fresh coat of paint on the front door can also make a big difference.
  3. Stage for Success:
    Proper staging can help buyers envision themselves living in your home. Arrange furniture in a way that highlights the flow and functionality of each room. Neutralize bold color schemes with soft, neutral tones to create a blank canvas for buyers to imagine their own style. Use tasteful decorations and artwork to add warmth and character without overwhelming the space.
  4. Let There Be Light:
    Maximize the natural light in your home by opening curtains and blinds. Bright, well-lit spaces feel more welcoming and spacious. Replace any burnt-out bulbs and consider adding extra lighting in dim areas or corners.
  5. Tackle Repairs and Maintenance:
    Address any visible repairs or maintenance issues before the home open. Fix leaky faucets, squeaky doors, or any cosmetic damages. Buyers appreciate a well-maintained property and are more likely to feel confident about their potential purchase.
  6. Create a Welcoming Ambiance:
    Set the mood by creating a pleasant ambiance throughout your home. Play soft, soothing background music to create a relaxing atmosphere. Use scented candles or fresh flowers to add a subtle, appealing fragrance.
  7. Showcase Key Features:
    Highlight the unique selling points of your home. If you have a stunning view, make sure curtains or blinds are open to showcase it. Draw attention to architectural features, such as fireplaces or built-in shelving. Consider displaying a few strategically placed tasteful and relevant items that demonstrate the potential uses of specific areas.
  8. Secure Valuables:
    During the home open, it’s important to keep your valuables safe. Store jewelry, cash, and other valuable items in a secure place or take them with you. While the vast majority of visitors are genuine buyers, it’s better to err on the side of caution.


Getting your home ready for a home open is an essential step towards a successful sale. By following these guidelines and investing some time and effort, you can create a welcoming and appealing atmosphere that captivates potential buyers. Remember, attention to detail and a well-presented home can make all the difference.

If you would like to chat about putting your home on the market, I would love to catch up with you for a coffee and a chat.

Mareena Weston
M: 0422 406 199 E: mareena@edisonmcgrath.com.au

A Blog About the Art of Styling

Why It’s Crucial to Style Your Home When Selling

When it comes to selling your home, first impressions are everything. Potential buyers form an opinion within seconds of stepping through the front door. That’s why it’s vital to go beyond the basics of decluttering and cleaning and invest in styling your home. Styling your property creates an inviting atmosphere and helps potential buyers envision themselves living in the space. In this blog post, we’ll explore why it’s essential to style your home when you’re planning to sell.

  1. Attract and Engage Buyers: Styling your home elevates its aesthetic appeal and entices potential buyers. A well-styled property grabs attention in online listings, brochures, and advertisements. By investing in tasteful furniture, decor, and staging, you create an emotional connection between buyers and the home.
  2. Highlight Key Features: Every home has unique features that set it apart from the rest. Proper styling enables you to showcase these elements effectively. For instance, if you have a stunning fireplace, arranging the furniture to focus attention on it will create a focal point in the room. Styling can also enhance architectural details which can leave a lasting impression on potential buyers.
  3. Create a Warm and Inviting Ambience: When buyers step into your home, you want them to feel welcomed and instantly at ease. Styling helps to create an inviting atmosphere that makes buyers envision themselves living there. Thoughtful touches like fresh flowers, soft lighting, and carefully selected color schemes can transform a space, evoking positive emotions and helping potential buyers form an emotional connection with the property.
  4. Maximize Space and Functionality: Styling can help maximize the perceived space and functionality of your home. Proper furniture placement can make rooms appear larger, while clever storage solutions can showcase the home’s organizational potential. By presenting a well-organized and functional space, you’re demonstrating the versatility and practicality of the property to buyers.
  5. Stand Out in a Competitive Market: In a competitive real estate market, standing out from the crowd is crucial. A stylishly presented home sets a higher standard and captures the attention of buyers who are looking for something special. By investing in staging and styling, you’re signaling that your home is well-cared for, making it more memorable and likely to generate interest and competitive offers.
  6. Professional Photography and Marketing: Styling your home not only enhances its appeal in person but also plays a significant role in professional photography and marketing efforts. When potential buyers view online listings, high-quality photos of a beautifully styled home make a lasting impression. The images will attract more clicks, generate greater interest, and ultimately result in more showings and potential offers.

Styling your home is an investment that yields significant returns when it comes to selling your property. It sets the stage for a successful sale by attracting and engaging potential buyers, highlighting key features, creating an inviting atmosphere, maximizing space and functionality, and standing out in a competitive market. By going the extra mile to style your home, you increase its marketability, enhance its perceived value, and leave a lasting impression on potential buyers. So, when it’s time to sell, remember that styling isn’t just a luxury but an essential aspect of the selling process that can make all the difference in achieving a successful sale.

Feel free to call me for a confidential chat if you are interested in talking about getting your home sale ready.

Mareena Weston
M: 0422 406 199 E: mareena@edisonmcgrath.com.au

A Blog About Selling Tips

Show your property in the best light when it comes to selling with these handy tips.

It’s a buyer’s market out there at the moment, so showing your home in the best possible light has never been more important.

Article material sourced from realestate.com.au

You’d be amazed how often vendors neglect to take care of some basic housekeeping tasks that ensure a home is at its optimum as potential purchasers arrive to inspect it.

Here are some seller’s tips to ensure your home is presented in a way that gives you the best chance of luring more buyers, and encouraging them to make an offer on your home.

Declutter, declutter, declutter

When it comes to showing your home to prospective buyers, less is most definitely more. Decluttering the property and removing anything that isn’t absolutely necessary allows the property to speak for itself, and gives buyers the chance to picture themselves and their future life inside it.

Mooney Real Estate principal Peggy Wilcox says clearing out personal effects and unnecessary clutter is the easiest and cheapest way to give your home a major shot in the arm.

“You want to depersonalise the property, so take down any photos that might be on the walls that might be too personal, because buyers like to be able to visualise themselves in the property,” Wilcox says.

“It’s probably one of those (unwritten) rules: when you think you’re finished decluttering, just take a little bit more away and then you’re finished.”

Notes and magnets on the fridge, ornaments on your TV cabinet or mantle and other items that are being stored in plain sight and serve no useful purpose in the display of the property should all be removed. It all adds to the sense of space.

The little touches

Once you’ve decluttered, Wilcox says it’s often worth replacing old or tired accessories with new ones, to brighten the décor and give an older property a little more zing as buyers first enter a room.

And they don’t have to cost you the earth.

“For the sake of going and getting an $8 pillow from Kmart, it just makes that bedroom or living space feel so much fresher,” Wilcox says.

In the same way, a dirty oven or stained benchtop will stick out like a sore thumb, and in a buyer’s market it could be enough to turn someone away. Take the time to scrub everything spotless, or have it done professionally if need be.

Boost the street appeal

First impressions last, and some buyers won’t even walk in the front door if they drive past and don’t like what they see at the front of the property.

A fresh coat of paint for your fence, as well as mending any broken pickets or bricks, trimming trees and bushes, mowing the lawn and throwing some fresh tanbark or stones on any barren areas are all easy ways to ensure your home catches the eye and draws people inside.

Paint the interior

In terms of bang for your buck, a fresh coat of paint is just about the best ‘renovation’ you can do.

Choose light, neutral colours, and a quick coat will give the entire property a lift, making it brighter, more spacious and almost certainly adding value.

Feel free to call me for a confidential chat if you are interested in talking about getting your home sale ready.

Mareena Weston
M: 0422 406 199 E: mareena@edisonmcgrath.com.au

Property Outlook for 2021

The property outlook for 2021 is a conversation starter at any dinner table (or perhaps it’s only at mine!) as we all are wondering “where to from here?”

We can rest easy according to those ‘”in the know” who attended the API & Reiwa 2021 Property Outlook seminar this morning where industry leaders, analysts & commentators unanimously agreed that the key fundamentals and drivers are in place to see a continued positive upwards trend for our residential market – both rental and sale. COVID-19 needs to stay away from our WA shores for this to happen.

Noted below are some interesting facts I collected from Damian Collins (REIWA president) Aaron Morey (Economist), Brendon Ptolomey & Gavin Hegney (commentators & Valuers) and Daniel Cooper (BGC CEO).

Key fundamentals underpinning growth in our economy include:

• WA’s strong commodity markets – WA’s population growth of 1.5% with an influx of expats to our jobs driven economy. We are fortunate to be in a strong economic position however skill shortages were discussed and continue to be a concern.
• Federal stimulus – keeping our employment relationship intact. To date we have received $17B from the federal government into our economy and WA is able to spend a significant amount of stimulus on retail and recreation which has resulted in a 15% year on year growth in the retail sector. Although job keeper payments are coming to an end (see graph 1) household deposits & savings have increased meaning households are well placed for this transition.
• Border restrictions & WA’s ability to control the virus (so far!) – no more needs to be said here
• Low interest rates – expected to continue for 2021

Looking ahead

• Continued population growth is contingent on border restrictions and containment of COVD-19. We need to attract skilled migrants for when the expat & interstate are driving it currently however this will eventually slow down.
• There’s potential for above average migration flows if WA creates jobs to attract migrants
• Sales activity will shift away from land to established dwellings
• Listing for sale increase as sellers return to the market
• Property values continue to rise supported by low interest rates – this is expected to trend above historical average rates of growth
• Interest rates will remain low for 2021
• With renting and ownership both costing the same (approx.. $20,000 p/a) there could be a shift with exist tenants to purchase their own homes
• Federal stimulus coming to an end
• Strong market fundamentals of low Perth vacancy rates and annual growth in rental prices
Other interesting facts
• It’s important to note that currently we have a severe rental shortage crisis (rental increases are up to 20%-25%) and a severe lack of supply not an affordability crisis (property is still cheaper than 2014).
• SEVERE RENTAL SHORTAGE + SEVERE LACK OF SUPPLY = HOUSE PRICE INCREASE.

My final thoughts

If you are thinking of upsizing, now is the time.
Investing, it’s time to return.
Or hold on and reap the rewards!

Kind Regards,

Mareena Weston
Sales Consultant
0422406199

mareena@edisonmcgrath.com.au