The start of a new year always brings with it a time of reflection and of planning. If your goals for 2017 include a new home or investment property, or perhaps a renovation of your existing abode, with Perth’s property market at the bottom of its cycle – meaning you pay less than in peak times - now could be the perfect time to think about building or renovating.
Many experts are in agreement that this coming year will bring with it a return to price growth in the housing sector, albeit slowly. The Real Estate Institute of WA recently revealed Perth’s median house price increased by almost 2 per cent in the three months to December to $535,000, showing consumer confidence is on the rise. In particular, they believe Perth’s premium suburbs are set to benefit in 2017. The beach-side suburb of Scarborough – already a popular choice with our past building clients - is tipped to be one of the suburbs to watch over the coming year, having recorded a median house price of $621,000 in the last quarter.
So, in order to capitalise before an upwards market swing occurs and affordability becomes an issue, stop and think about your living situation. Are you happy in your current home? Would you consider an upgrade is in order (either by way or renovation or demolish and build) or could adding to your property portfolio via an investment property be in your sights?
There’s never been a better time in the market to act than now. As the number one choice for boutique builders in Perth, servicing the western and northern beachside suburbs encompassing North Beach, Trigg, Sorrento, Scarborough and Wembley, we are here to help you with every step of the building process. Let’s talk today to see how we can help you live your dream lifestyle in 2017 with a custom-built Grange Residential home.