The Property Market in 2017
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With Perth residential property prices and sales volumes held well below the historic high levels of 2013, and with residential rentals also down, where is the residential market heading in 2017 and beyond? Across the city, commercial vacancy rates hit new highs in 2016. Are we starting to see a turnaround in either or both markets? What is happening outside Perth? What are the trends in the apartment and land markets?
Towards the end of 2016, Perth’s property market showed some signs of recovery. Will 2017 see a rebound? Where are the opportunities? Hear all the latest stats and trends from the President of Reiwa, Hayden Groves, and from an expert panel including CBA Economist Michael Workman; one of Perth’s leading apartment developers Paul Blackburne and leading real estate agent, Vivien Yap. It’s your chance to gather all the up to date facts about one of the most important asset classes, and a major part of the WA economy.
Hayden was elected President of the Real Estate Institute of Western Australia (REIWA) in October 2015 after serving on REIWA's governing Council since 2010. Additionally the Deputy President of the Real Estate Institute of Australia, Hayden is committed to improving the professional and educational standards of Real Estate practitioners to ensure Agents remain a critical component of the property sector. Immediate past President of the Real Estate Employers' Federation WA, Hayden maintains a particular interest in employee / employer relations within Agency practice. Along with his triennial license, Hayden holds an honours degree in politics, is a licensed auctioneer and is director of Australia's most informative on-line daily, The Real Estate Conversation. He also owns and operates Fremantle's largest residential Real Estate Agency
Paul is the Owner and Managing Director of Blackburne. Since starting in 2003, the company has grown to become one of the largest integrated property companies in Australia specialising in property development, real estate and finance. During Paul’s time in the industry, he has received a number of accolades including 2016 Business News 40under40 First Amongst Equals. Blackburne placed 3rd in the 2014 BRW Fast 100 Awards and again in the top 20 in the 2015 BRW Fast 100 Awards which recognises the fastest growing companies in Australia. In 2016 Blackburne also won Apartment Development of the Year in the Urban Development Institute WA (UDIA WA) Awards for the flagship project Aria in Swanbourne. Paul recently joined the Board of the Cambodian Children’s Fund (CCF) and is a founder and the primary funder of the new Child Protection Unit (CPU) in Cambodia.”
Vivien is the Director of LJ Hooker Claremont. Initially completing a Bachelor of Pharmacy degree and establishing two successful pharmacies, an unexpected business offer led her down a successful career in real estate. Her knowledge and relationships have seen her win top industry awards including the Real Estate Institute of WA's Top Salesperson in 2014, 2015 and leading WA's current Top Team by Value Sold in 2016. Three years in a row, she was ranked WA's Top Performer in industry publication Real Estate Business' annual Top 100 agents in Australia since 2014 to 2016. Vivien also speaks Cantonese, Mandarin and Indonesian.
Michael is a Senior Economist for CBA Global Markets Research. He is responsible for developing and communicating the bank’s views on trends in the Australian and International economies as well as the likely effects on interest rates and currency markets. He takes a particular interest in the issues driving the divergent growth patterns across regions and sectors. Michael has been at Commonwealth Bank for twenty years. He began his economics career at the New South Wales Treasury in the tax policy and revenue areas. He was also an investment analyst with the NSW Government’s superannuation investment group. Michael has lectured on topics related to financial markets in the Securities Institute of Australia diplomas. He has been actively involved in financial markets for 25 years.