CONFIDENT: Paul Blackburne has bullish predictions for residential investors. Photo: Attila Csaszar

Residential rentals back to ‘normal’

Vacancies are rising rapidly in the residential leasing market, while at the same time median rents are falling; but that’s just the market returning to normal from its recent highs, according to a prominent local property player.


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I’ve to agree with Paul that we’re returning to a normal cycle and we had an amazing 5 years run. The strongest athlete also needs to take a rest. Having ran 5 years continuously will naturally means longer duration to recover. This low cycle is a good trying period for new businesses, buyers and sellers that started during the bull and has no experience of a bear. New businesses will have no contingency plans for a bear market. New buyers will buy high and new sellers will have built average assets for sale. Established businesses, buyers and sellers will know that there are always opportunities in either cycle. In fact, there are always more opportunities during low cycles. Established businesses will evaluate their progress and options in order to rejig their business strategy and plans to take advantage of the changing environment. Established buyers will come out to snap up quality assets from inexperience assets owners (new buyers and new sellers). Established sellers will have sold during the bull and will still be sunbathing somewhere in the world, waiting for the next cycle. This low cycle has also helped to convince why building a sustainable business for the long haul is more important than a short term gain during the bull cycle. Not surprisingly, while I’m for for increasing staff strengths during low cycle, my colleagues are worried about the increase cost! It’s a 180 degrees change of attitude during bull time!

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Total combined value of current WA projects

8th↑Norup + Wilson296,000,000
9th-Georgiou DevelopmentsNFP
11th-Fragrance Group200,000,000
70 property - (built-form) developers ranked by total value of WA projects currently under construction ($)


15th-Abel PropertyNFP
16th↑Caporn Young55
18th↓Davey Real Estate49
19th↑Abel McGrath Property Group39
60 real estate - residential ranked by residential staff [this field is calculated by applying the % of business residential to the total staff in WA.]

Number of Employees

Property - (Built-form) Developers

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