Spotlight on Perth’s new apartments
Interest is high for new units in the Western Australian capital, but buyers and developers alike are finding some challenges in that sector.
On this episode of The Smart Property Investment Show, host Juliet Helmke speaks with David Cresp, Perth property expert and director at Urbis, about what’s happening in Western Australia’s medium- and high-density market.
David explains how a stalled pipeline has kept new apartments filtering through to the market, but why, despite demand, that number is waning. He shares insight into the opportunity that Perth investors can take advantage of if they’re patient and prepared to look at off-the-plan.
The duo also discuss what needs to happen across the state to help lift approvals of large projects, and how the interest in Perth has been having an impact on unit prices in particular.
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