South Perth tipped to at­tract in­ter­est

Southern Gazette (South Perth) - - WHAT’S ON -

IN­TER­EST is strong and grow­ing in the South Perth/Como rental mar­ket, ac­cord­ing to Knight Frank Res­i­den­tial.

Head of prop­erty man­age­ment Tom Berry said de­spite win­ter nor­mally be­ing quiet, evening and week­end home opens had been very suc­cess­ful, con­stantly at­tract­ing large num­bers of po­ten­tial ten­ants.

“We are see­ing in­creased ac­tiv­ity in the mar­ket from com­pa­nies re­lo­cat­ing staff back to Perth from the eastern states and also over­seas stu­dents,” he said.

“There is in­creas­ing ac­tiv­ity in the re­sources sec­tor, which is also start­ing to fil­ter through to the rental mar­ket.”

Mr Berry said the South Perth mar­ket was start­ing to reap the ben­e­fits of in­vest­ment in the area by both de­vel­op­ers and the lo­cal coun­cil.

“Po­ten­tial ten­ants who once would have only con­sid­ered the Perth CBD are now see­ing that South Perth is the place to be,” he said.

“With new high-end bou­tique de­vel­op­ments, such as Reva on the South Perth fore­shore due to be com­pleted in early 2019, I would say that the South Perth mar­ket will con­tinue to in­crease in pop­u­lar­ity over the com­ing 12 months.

“This will also have an im­pact on the weekly rents and we should start to see prices in­crease in the not too dis­tant fu­ture.”

Re­gard­less of the im­prov­ing mar­ket, Mr Berry said in­vestors still needed to present prop­er­ties well to se­cure ten­ants.

“First im­pres­sions are ev­ery­thing. A prop­erty has to stand out on­line to en­tice a po­ten­tial ten­ant to even at­tend an in­spec­tion. That is why we only use pro­fes­sional pho­tos to ad­ver­tise prop­er­ties,” he said.

Us­ing a prop­erty man­ager who pro­vided a flex­i­ble ser­vice was also im­por­tant.

“Prop­erty man­agers need to make sure we are avail­able to show prop­er­ties at times that suit po­ten­tial ten­ants, not the other way around,” he said.

“Our va­cant prop­er­ties are avail­able to be in­spected any time be­tween 8.30am and 5.30pm Mon­days to Fri­days and be­tween 9am and noon on Satur­days.”

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