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Are you looking to access the Perth property market?

The Perth rental market is nearing vacancy levels not seen for 40 years. Now is the time to buy an investment property in some of Perth's most sought-after inner-city suburbs.

WHY NOW IS A PRIME TIME TO
INVEST IN THE PERTH MARKET

 

With a strong rental market, the low costs of borrowing money and the value in the property market, Perth is now poised to head into its next growth cycle and here is why you should take advantage of it!

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Rental Vacancy Rates (Since October 2020)
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Average Rental Yield (Units)
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Rent Increase (Since June 2020)

Perth is one of the most affordable markets of the capital cities in Australia, with a median house price of $578,612. However, according to REIWA, from June 2020 property prices have steadily increased off the back of protracted downward cycle, with the median house price rising 5% to $500,000 and units rising 3% to $387,500.

Stock in Perth is getting soaked up rapidly, as property purchasing becomes more urgent. We have seen listings drop by 33% from June 2020 last year and the average days on market has fallen a whopping 68% from 50 to 16 days.

All roads are seemingly pointing to a prime property buying opportunity in Perth!

If you’re looking to take full advantage of our current market as we head into our next upswing, see what property opportunities are available right now.

View Investment Property Opportunities

"We've got a shortage of stock, we've got very strong demand, the economy is doing well, and with the mining sector performing particularly strongly, there's no doubt Perth property prices are on the rise."

- Reiwa President, Damian Collin

Year Low Vacancy Rate (At 0.9%)
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Drop In Average Days To Sell A Property
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Surge In Property Prices In Perth Since June 2020 (REIWA)

What To Invest In

As in investor, the best types of properties to invest in are those that create less hassle and a high return potential. That’s why apartments, units and townhouses make for great lock and leave property investments.

  • Get into premium inner-city suburbs, well below median value and put yourself in a position to benefit from an upswing in value once purchased.
  • Ideal for tenants looking for convenience and lifestyle in areas that have a lot of access to entertainment, shopping, transport, infrastructure, and proximity to the CBD.
  • Apartments & townhouses are easy and low on costs to maintain. In most cases, strata costs are much better than maintaining gardens, repair work and insurances which equals less hassle for you.
  • Land components of a house are not tax deductible while everything in a brand-new apartment or townhouse is tax deductible, providing you with maximised depreciation benefit and cash-flow potential.
  • Lock in today’s price with a deposit, pay no more until settlement and control your asset with a small amount of money. 

see what opportunities are available?

Where To Invest in Perth

Griffin Group have a premium range of stunning apartment and townhouse off-the-plan developments in some of Perth’s most highly sought-after inner-city locations, designed to help investors access genuine value in the market.

See below some of our latest property investment opportunities.

*Median rent retrun based on Realestate.com.au median rents, updated June 1, 2021.

Northbridge – 2 Bedroom Apartments from $549k

  • Rental yields up to 3.78% based on a median rent return of $400 / week for 2-bedroom apartments.
  • 2.03% rental vacancy rate.
  • Rental population is 64.2%.
  • 650m from the Perth CBD, your tenants will be walking distance to some of Perth’s most trendy bars, restaurants, cafes, boutiques, Perth train station and the CBD making it an inner-city hotspot.
  • Enquire about this opportunity and receive a full depreciation schedule to help you understand your cash flow position.

Learn More About This Opportunity

Attadale – 1 & 2 Bedroom Apartments from $419k

  • Get into this suburb well below the median unit price of $470k.
  • Rental yields up to 3.8% based on a median rent return of $373 / week for this suburb.
  • Based on five years of sales, Attadale has seen a compound growth rate of 3.8% for units.
  • 0.76% rental vacancy rate.
  • 15km from the Perth CBD and 6km from Fremantle. Your tenants will have ample entertainment, transport and education options on their doorstep in this suburb.
  • Enquire about this opportunity and receive a full depreciation schedule to help you understand your cash flow position.

Learn More About This Opportunity

Como – 2 & 3 Bedroom Apartments from $539k

  • Rental yields up to 3.37% based on a median rent return of $410 / week for 2-bedroom apartments.
  • 1.03% rental vacancy.
  • Rental population is 42%.
  • Has experienced an annual growth of 6.6%.
  • Property sales have increased 44% compared to 2020.
  • 6km from the Perth CBD, your tenants will be within minutes to amenity, dining, shopping, education, and transport connections.
  • Enquire about this opportunity and receive a full depreciation schedule to help you understand your cash flow position.

Learn More About This Opportunity

Scarborough – 2 Bedroom Apartments from $549k

  • Rental yields up to 4.16% based on a median rent return of $410 / week for 2-bedroom apartments.
  • 1.45% vacancy rate.
  • Rental population is 41.9%.
  • Has experienced a quarterly growth of 2%.
  • Property sales have increased 57% compared to 2020.
  • 5km from Perth’s pristine coastline and a short distance from the amenity and entertainment in this renowned beach side suburb.
  • Enquire about this opportunity and receive a full depreciation schedule to help you understand your cash flow position.

Learn More About This Opportunity

I think we’re going to see rental price rises, tenants will find competition is very tight, even in the city. There is likely to be increased interest from investors from other states where the likelihood of price falls are much greater.

 - Steven Rowley, Director of Australian Housing and Urban Research Institute Curtin University

Discuss our Opportunities

Complete the form below to register your interest in our apartment investment opportunities.