Western Australia Real Estate | Still Opportunities in Perth Market

House price growth in the Perth real estate market has slowed but select locations will continue to rise and rents are set to increase 15 per cent or more, according to a property investment group. Written by Tracey Joynson for API Magazine, April 2007.

Hegney Property Group executive chairman Gavin Hegney says speculators in the real estate investment industry are being flushed out of the real estate market and the “buy anything” strategy will need to be replaced with careful choices.

“Price growth in the premium property sector in Perth should grow at 10 to 15 per cent whilst low price real estate property is predicted to move very selectively,” he says.

Real estate investors and Perth industry representatives at the launch of the 2007 Hegney Property Outlook Report were told that opportunities included the Scarborough beachfront and Claremont redevelopments, the new Port Coogee marina which will rub off on the nearby suburbs of South Beach, White Gum Valley, Beaconsfield, Spearwood and Munster and the Perth to Burnbury highway, known as the Peel deviation, which will revalue the strip from Halls Head to Port Bouvard.

Also, the planned Alkimos Eglinton real estate development, designed for 55,000 people, 40 km north of Perth will impact on that area while the extension of Marmion Avenue will benefit Yanchep and Two Rocks. Population growth, the resources boom and low unemployment continue in WA and the fundamentals of lack of supply, ongoing demand and growing returns remain – all pointing to continuing real estate Perth property price increases, Hegney says.

But risks include softening commodity prices, the flow-on effect from the drought, rising interest rates, delays to stamp duty reductions, and rising labour costs translating to increase infrastructure costs affecting the viability of some real estate projects which may stall WA’s growth and Perth’s and will impact on the housing market.

However, the long-term outlook for resource-rich states such as WA is strong, Hegney believes, because demand for Perth real estate from India will start to flow after demand from China begins to taper.

New Cycle | Rising Rents Lure Prospective Investors in Real Estate

Written for the Australian Investor Magazine for April 2007 on Page 7. Australian investors plan to plunge back into the residential property market during 2007 tot take advantage of a tightening rental real estate market, a survey suggests.

The number of Australians planning to buy an investment property in the next 12 months took a record 35 per cent leap from 577,000 in the September 2006 quarter to 779,000 in December 2006, the survey conducted by Nielsen Media Research showed.

Real estate investor sentiment in New South Wales and the Australian Capital Territory saw the greatest turnaround, with the number of intending rental real estate investors jumping 80 per cent from 169,000 to 308,000.

Wizard Home Loans chairman Mark Bouris, whose company sponsored research, said increasing rental returns were a major factor in drawing real estate rental investors back to the property market. “Our research indicated that borrowers are responding to and attempting to capitalise on increasing reports of limited supply of rental accommodations and predictions of sharp increases in rental yields,” Bouris said. “The appeal of high returns has helped lure borrowers in real estate property to the property investment market. However, adequate supply of property will be the critical issue affecting the vitality of the market in the next 12 months.”

Bouris said the research suggested 60 per cent of those keen to buy were first-time property investors, while workers in trade and related occupations accounted for almost half of the total increase in would-be investors.

“Australians in professional occupations remain the largest group of intending real estate investors but only just,” Bouris said. “The traditional so-called ‘blue collar workers’ are poised to make ground on the stronghold professional workers once held on property investments.”

“Those in trade and related occupations are capitalising on the skill shortgage and resources boom, and they’re making savvy financial choices and attempting to invest their higher wages into long-term investments such as property,” he said.

Real estate investor demand was up in all the mainland states except for South Australia and the Northern Territory, the survey showed.

Campaige Place Phoenix, Las Vegas and Memphis

Urban living for single workers, the Campaige apartments and condominium residences in these three cities are brought to the rental real estate market by THG The Tom Home Group of developers.

Located in three distinct cities including Phoenix, Las Vegas and Memphis, the Campaige apartment residence condominiums are available for rental at very affordable rates when considering what you will get from your rental of these apartment homes in central locations. Perfect for those single workers who seek urban living experiences in the form of apartment-style communities, the Campaige Phoenix, Campaige Place Las Vegas and Campaige Memphis apartments are now available for those who seek short or long term rental agreements in these business oriented cities. Read below for more information about the THG Campaige Place apartment offerings in the various cities.

Downtown Phoenix Campaige Place Apartments

Convenient downtown urban living in Phoenix Arizona is now possible through the rental apartments at Campaige Place located on 209 West Jackson Street in Phoenix, AZ 85003. To learn more about the brand new furnished efficiencies at the downtown Phoenix Campaige Apartment condominiums, please call for details at 602.296.5200 today so that you have room to save, grow and for all you need. There is a map online at the rental Campaige Place apartments web site located here: http://www.campaige.com/cpmap.html and you can see that the downtown Phoenix apartments at rental Campaige Place are conveniently located near Bank One Ballpark, America West Arena, Civic Mall, Phoenix Museum of History, Arizona Science Center, Heritage Square, One AZ Center, Central Transit Center, Federal Buildings, Phoenix City Hall, Patriot’s Square Park, County Courthouse, City Council of Phoenix and the Superior Court Complex. If you need to be close to the central business districts of Phoenix or downtown at all, then the Campaige Apartments here will certainly be the best rental residences available. Currently, the Phoenix rental apartment condos at Campaige costs only ninety five dollars weekly move in special. For other presales Phoenix condominiums and real estate in Arizona property market, click here.

The Las Vegas rental Campaige Place Apartments

The weekly special rate for moving into the centrally located downtown Las Vegas rental apartments at Campaige Place is now only ninety nine US dollars. Located at 211 North Eighth Street in Las Vegas Nevada, the rental Campaige apartment condominiums have furnished efficiencies and are close to the downtown transportation center, post office, Fremont Street, Lloyd D. George Federal Building, Race Rock, Hotels and Casinos, Albertsons and Sav-On, Charleston Pizza, District Health Center, Community Center and Municipal Sports. For all your downtown needs, the Las Vegas Campaige rental apartments are convenient, affordable and definitely urban for those looking for a rental condominium in the heart of LV.

The Memphis Campaige Apartment Rentals

The third stop for the rental Campaige Place apartment complexes is in Memphis where they are located at 2715 Cherry Road in Tennessee. For more information, you can call the Campaige Place apartments in Memphis at 901.312.9677 and you can ask about their furnished apartment/hotel condominium units and suites that are truly urban and convenient to the downtown strip. The Memphis Campaige Place rental apartment condo suites are close to Memphis Lake, Galloway Golf Course, Audubon Park, University of Memphis, American Way Transit Center, Walmart, Fedex and all the local conveniences that you need. The weekly move in special into the rental apartments at Campaige Memphis is only $99 USD, just like in Las Vegas.

Tenant Profiles at the three Campaige Place apartments for rent can be seen online at their marketing web site on Tom Hom Group’s presence at http://www.tomhomgroup.com/tenants.html. You can also read more about the Tom Hom Group’s Campaige Place apartments for rent online at http://www.tomhomgroup.com/.

Rates and Amenities

These are different for all three apartment rental locations for the Campaige Apartments and rental condominium suites in Phoenix, Memphis and Las Vegas. Firstly, the Phoenix Campaige apartment rentals will be $95 weekly move-in special and will include utilties, phone with free local, microwave, fridge, two burner stove, garbage disposal, color tv, cable/showtime, tenant laundry, resident computers, keycard entry, housekeeping services, mini-mart, air-con, heating, twenty four hour reception, fitness center, garden patio, internat access and gated parking. The rental condominums at the Las Vegas Campaigne Place real estate properties includes the $99 move-in and the rental apartments will include utitities, phone, microwave, fridge, two burner stove, color tv, tenant laundry, internet, workout room, patio, gated parking, housekeeping, keycard entry and a mini-mart as well. Last but not least is the rental Campaige Memphis apartments that will basically include everything as above at the Las Vegas and Phoenix locations, but also an indoor pool and spa area and the cable is with HBO.