SAT­TER­LEY PROP­ERTY GROUP CHIEF EX­EC­U­TIVE NIGEL SAT­TER­LEY

Western Suburbs Weekly - - Residential -

What is your opin­ion of the past year in Perth real es­tate?

Aus­tralia is one of the great­est coun­tries in the world to in­vest in res­i­den­tial land de­vel­op­ment.

Prop­erty is a very sound in­vest­ment prod­uct and I be­lieve Aus­tralia will ben­e­fit greatly from Brexit and the Trump elec­tion.

We have seen other Aus­tralian states take off; how­ever, Perth is still in the lower end of the prop­erty cy­cle.

Over the past 12 months we have con­tin­ued to see a slight ad­just­ment, with a de­cline in prices in WA.

Even though we have had steady and low in­ter­est rates, con­sumer con­fi­dence has been down due to job se­cu­rity and the de­cline of the re­sources sec­tor.

What every­one must re­mem­ber is that the prop­erty mar­ket is cycli­cal and Perth will have its time again.

Prop­erty is a safe, long-term in­vest­ment for fam­i­lies.

What are your pre­dic­tions for the mar­ket for 2017?

I don’t be­lieve we will reach re­cov­ery mode in the prop­erty mar­ket for at least an­other 18 months, so this year will be very sim­i­lar to the past year, which makes 2017 the right time for those want­ing to up­grade, in­vest or en­ter the prop­erty mar­ket for the first time.

There may be an­other slight ad­just­ment to res­i­den­tial prices be­fore it bot­toms out.

It’s ab­so­lutely a buyer’s mar­ket and the per­fect time to en­ter or buy that in­vest­ment prop­erty.

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