There is no question about it, there is a great deal of uncertainty in the global markets and this couldn’t be more evident that what we are seeing in the share market place at the moment.
Could this spell a return for the investors back into property?
Mr Morgan, managing director of Harcourts bunbury said “Whilst I always recommend a balance to anyone’s investment, we are not financial advisors, but there is a general consensus that the property market has reach perhaps the lowest point. This is justified by it’s replacement cost, as most established property for sale in the greater Bunbury area is below replacement cost to build the exact same product this along with the increasing rental returns are starting to make property more savoury.”
Mr Morgan recently commented on increases in average rents in the greater Bunbury area with home rents rising by just over 10% and units simular in the past twelve months.
For a copy of the rental data or other information Mr Morgan can be contacted on (08) 9722 6666.