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Perth's housing market continued to witness substantial gains in terms of sales and rentals in the luxury segment, but suburbs in the lower end of the market are quickly catching up, according to the latest report from the Real Estate Institute of Western Australia (REIWA).
When it comes to commercial property, Scott O’Neill is an avid proponent. From a cash flow perspective, the returns can be significantly higher than those of residential, both in the long and short term. Part of his ethos is to educate investors about the benefits of putting their money into commercial, and reassure them about the risks involved.
The wildfires raging across Australia could potentially slow the country's economic growth, boosting the calls for further rate cuts this year, a market watcher said.
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