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| | Olive Waters |  | | Stage 1 (1 Property Remaining) | Olive Waters
The estate is only metres from the Falcon Estuary foreshore and parklands (offering walking and cycle paths through natural bushland) in the Peel Region of Western Australia. It is within walking distance of established community facilities such as a medical centre, schools, childcare centre, Miami Plaza Shopping Centre, food outlets and much more.
High quality 3 bedroom, 2 bathroom homes will be built by well established boutique builder, Newglen Constructions. They boast a full turn-key package and an exceptional finish. General Investment Commentary: The continued population growth of the Mandurah area and the relatively stable employment outlook suggests that there will be continued demand for owner/occupier residential dwelling products in the short term. Employment figures are key to housing demand over the immediate short term. Of the region’s top employing industries (Construction, Retail Trade, Manufacturing, Health Care and Social Assistance and Education and Training) only construction is predicted to decline to 2013/14.
While median house prices have declined somewhat in recent months in line with the economic downturn, median prices in the area are still over $100,000 higher than they were at the start of 2004. It is unlikely that prices will fall much further.
Unlike the UK and US, the Australian housing market is not oversupplied. To this point in time, although slowing in terms of market activity, the housing market has remained largely unaffected by world events.
This presents a solid choice for interested parties considering the option of investing in Olive Waters, with the area underpinned by strong population growth (driving continued demand) and what has proved to be substantial price resilience.
A copy of the report can be obtained from Newglen on request. | | More Info |
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