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March 2017

A Busy Month... Low vacancy rates despite current market


It’s been a huge month at Focus West Property with several properties being leased each week, bringing our vacancy rate down to the lowest it has been in several months! And, we are taking on new managements every week.

According to the latest market snapshot from REIWA, there are currently 10,486 properties for rent – this is 1% higher than last month, and 10% higher than this time last year. While the rental market is maintaining high vacancy rates we are proud to be continuing to lease properties each week, through a combination of the determination of our leasing team and regular updates to our owners with vacant properties.

Sales in Perth are also looking tough, with a 2% decline in transactions since the last update and an average of 75 days on the market. However, it’s important to bear in mind that performance of sales are heavily dependent on the location and property type, so it can often be worth considering selling your investment property if the conditions are right – talk to us if you’re thinking of selling, or even if you are just curious about where your property fits into the current market.


Latest Perth Market Snapshot

(Source: REIWA News)

(Click to enlarge)

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Free Appraisals
Remember that our appraisals are always free.

Do you have a friend, family member or just someone you know who is in need of advice on their investment? Get them in touch with us for a confidential chat, or one of our property managers can visit and appraise the property in person.

We provide information about the current market, the potential yields on a property, and details on our personalised property management services. Even if you don't know whether you would prefer to lease your property or sell,. we can provide you with the information to make informed decisions for your investment.

Check out our website: http://www.focuswestproperty.com.au/



BASSENDEAN
4x2 House $420pw

BALCATTA
3x2 House $410pw

BALDIVIS
4x2 Townhouse $360pw

TAPPING
3x2 Villa $360pw

TAPPING
3x2 Villa $350pw

WESTMINSTER
3x2 Villa $320pw

EAST CANNINGTON
2x2 Apartment $310pw

REDCLIFFE
2x2 Apartment $300pw

HIGH WYCOMBE
3X1 House $310pw

ELLENBROOK
3x2 Villa $300pw

HAMILTON HILL
2x1 Apartment $265pw
Disclaimer: This newsletter expresses the opinions and views of Focus West Property. Its contents are believed to be accurate at the time of publication. No responsibility is accepted by Focus West Property for any loss suffered by any person or corporation taking action or refraining from taking action based on its contents.
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