EXCLUSIVE: Are off-the-plan properties good investments?

 http://www.propertyobserver.com.au/developments/exclusive-are-off-the-plan-properties-good-investments/2013103166079/Page-2?utm_campaign=7a16ce0b3e-June_21_1_29_2013&utm_medium=email&utm_source=Property%2BObserver%2BList&utm_term=0_a523fbfccb-7a16ce0b3e-245270269

In this months Australian Property Investor Magazine don't miss our advise on the top  "130 Suburbs with Great Profit Potential " for Western Australia.  Some of the key Perth property investment areas that are highlighted are Mosman Park, Cottesloe, Claremont, Nedlands and Dalkeith. The article also points out the gap between home and apartments in these areas. Read more below

http://www.momentumwealth.com.au/sites/momentumwealthcomau/assets/public/Media/2011/2012/2013/API,%20WA%20The%20Cream%20of%20the%20Crop,%20November%202013.pdf

Recently I looking at research to find out what are the trends in retirement in Australia. I must say I was quite shocked at what I found in the in the www.abs.gov.au in the " Retirement and Retirement Intentions, Australia, July 2010 to June 2011.

For men, the most commonly reported main source of personal income at retirement was a “ government pension/ allowance ( 53%), followed by superannuation/ annuity/ allocated pension ( 27%).

 

For women, the most commonly reported main source of personal income at retirement was government pension/ allowance ( 39%) with a similar proportion of women also reporting no personal income ( 39%). Just under half ( 44% ) of women reported " partners income " as their main source of funds for meeting living costs at retirement.

 

This really emphasises the fact that the sooner we get our finances in order the better!!

If you are a landlord often you find that the rules and regulations around Property Management are changing regularly. We have put together a eBook that outlines everything you need to know. Down load it here today. http://www.propertyperth.com/ 

First Homes grant in Western Australia

The WA First Home owners Grant (FHOG) was amended last month with the grant for established homes decreasing from $7,000 to $3,000. For new builds the grant has increased from $7,000 to $10,000.

WA Treasurer Troy Buswell said, “This key initiative will continue to support first home buyers, help to increase housing supply and, very importantly, help create jobs in the housing sector in WA,”

Western Australia, South Australia and Tasmania are the only remaining States that still provide a grant to purchasers of established homes.

It seems like our predictions are coming true see article below
http://www.news.com.au/realestate/news/perth-property-market-on-its-way-to-peak/story-fndbaln9-1226709048729

Many of our Buyers agents are attending lots of home opens at present looking for the perfect deal for our clients and finding that the homes are packed with prospective buyers. The Perth housing market is is heating up at present !!

I found this intertsing article today about women in Perth .. see attached

http://www.news.com.au/realestate/westpac-home-ownership-report-finds-73-per-cent-of-gen-y-women-focused-on-paying-off-loans-early/story-fncq3era-1226716459337

This month we would like to congratulate Ray Chua for winning the REIWA, Buyer Agent of the year for 2013, which is the second year in a row and an incredible achievement, along with Clare Christiansen who won  REIWA award for Exceptional Service in Property Management