As we navigate into 2021 with renewed optimism from our recovering economy, the Perth property market looks set to experience a prosperous year of growth ahead. Whilst Australia has weathered the storm of the Coronavirus lockdowns and restrictions better than most nations around the world, it can also be said that Western Australia has led the way of all the states, with specific Perth suburbs starting off the year with positive signs of growth – in particular, Mosman Park, home to the Fairlight Apartments.

The end of 2020 has seen a rental property crisis unfold in Perth that presents a significant opportunity to secure one of a limited reserve of new development investment apartments in Perth.

When considering this opportunity, there is a perfect financial storm for investors to take advantage of the RBA’s low cash rate (0.1%), historically low interest rates and Perth’s record low vacancy rate. It has arguably never been cheaper to borrow money, but it is the pandemic-impacted Perth rental vacancy rate, nearing levels not experienced in nearly 40 years, that is having the most impact on market demand.

In Australia, we’re well accustomed to the practice of buying a ‘second hand’ property.

People are generally more comfortable and have greater confidence in purchasing a home that is already built, whether it be a home that’s only a few years old, or perhaps a few hundred years old.

What you may not know is just how advantageous purchasing your second property off the plan might be for your financial situation.

There’s a lot of fantastic government incentives available at the moment making it that much easier to get into your first or next property. We get to the bottom of what they are and which of them apply to you.