4 REASONS WHY BUILDING IN WA NOW COULD BE THE OPPORTUNITY OF A LIFETIME

1. COVID-19

(Source: Department of Health https://bit.ly/2WgaKNR)

2. ECONOMICS: HOUSING, SUPPLY & DEMAND, JOBS & POPULATION

  1. Housing Supply (or stock)
  2. Population & Jobs
  3. Rentals

Housing Supply:

(Data Sourced from Department of Treasury)

Population & Jobs:

Rentals:

(Source: Corelogic)
  • WA Housing Supply (building approvals, new homes or “stock”);
  • WA Population Growth;
  • WA Jobs Growth; and,
  • WA Rentals.

3. AFFORDABILITY/FINANCES

  • Amazingly low land prices (with some land developers offering cash rebates);
  • Low House prices (with incredible inclusions & value offerings);
  • $10,000 First Home Owners Grant (only for new homes in WA);
  • $15,000 savings on LMI (National scheme while placements last);
  • Lowest interest rates in history; and,
  • Bottoming signs for the WA economy and property market.

4. LONG TERM CHANGES TO HOW WE LIVE

  • House Share or Own?
  • Open Space or Density?
  • House or Apartment?
  • Inner City or Suburbs?
  • Small lot or Large lot/Acreage?
  • Do we build here or go back home (interstate or overseas)
  • Which capital city is safest?
  • Which country is safest?
  • Where is the best job security?

WISHLIST FOR HOME BUYERS — A NEW ERA FOR INDEPENDENT SUSTAINABLE LIVING

  • Independent Power (solar PV’s & Tesla batteries)
  • Independent Water (rainwater tanks, grey water recycling)
  • Solar Hot Water (reduction of gas required)
  • Energy Efficiency (beyond minimum requirements()
  • Open Space and Backyards
  • Independent Food Supply or Home Gardening
  • Greenhouses

FINAL WORDS

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store