This episode of The Purposeful Investor provides an update on the hot Perth property market. Lachlan Delahunty from Performance Property shares his insights on the current conditions, discussing high demand, low stock levels, and multiple offers being common. He explains how property market cycles typically work, with periods of growth and stagnation. Lachlan compares the current Perth cycle to previous ones as well as other Australian cities like Brisbane and Adelaide in recent years. He discusses how Perth is now attracting eastern state investors, showing it has entered a strong growth phase. The challenges for first home buyers in the current competitive environment are also touched on.
0:00 – 00:31: Introduction with Lachlan Delahunty
00:31 – 02:07: the wins of the week
02:07 – 02:54: The current Perth property market
02:54 – 04:25: High demand, low stock, and competitive conditions
04:25 – 06:15: Property market cycles
06:15 – 07:06: Attracting eastern state investors
07:06 – 10:00: Challenges for first home buyers
10:00 – 11:31: Highest levels of demand
11:31 – 13:20: Downsizing opportunities and challenges
13:20 – 14:57: Ensuring clients can complete transactions
