Over the past 12 months, the median house price in Booragoon has risen a staggering 24.4% pushing the median house price into the million-dollar plus range. The median house price in Booragoon is now $1.1 million and the median rent is $562 a week. 

Booragoon is one of 11 suburbs in Perth that entered the lucrative million-dollar club for median house prices in the 2021-22 financial year. To see which other suburbs made the list, click on the link below.

A recent survey of almost 3,000 mortgage holders conducted by realestate.com.au revealed the impact that inflation and rising interest rates is having on homeowner confidence in Australia, particularly among young mortgage holders. It found that one in two borrowers are worried about rising interest rates.

The survey was conducted over June and July and since then, the cash rate was lifted by a further 50 basis points. The total increases so far of 1.75% have added $500 a month to the average mortgage of $500,000 if the borrower's lender passed on all rate increases in full. That is a lot of extra money to find each month for the average household. This article reveals more but also shares a way to potentially offset the recent rate hikes.

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It's no secret that WA is in need of more property investors given our rental crisis and influx of people moving here from interstate.

Whether you currently own an investment property or you're thinking about purchasing, this article shares 7 tips – from before you buy to during ownership – to increase the value of the property and maximise its full potential for both short and long term capital benefits.

Most people have heard of a family trust, however many don't take the time to look into what it actually is and how it works assuming that it's reserved for the wealthy.

The truth is, a family trust can be an excellent option to owning an entire portfolio in your own name. That's because it is an ownership structure that gives family members a means to pass control of their assets to the next generation as part of an estate planning tool while also offering some lucrative tax and asset protection benefits. However, as is the case with all investment strategies, they are not for everyone and there are some cons as well as all the pros.

This article provides an overview of everything you need to know about family trusts, including the risks, costs, benefits and how to set one up.

Sales activity increased 1.5% in Perth during the week ending August 7 with 900 transactions recorded. This can be attributed to a 2.4% increase in house sales and a 14% increase in vacant land sales. However, unit sales fell 6.5%.

Listings

There were 8,464 properties for sale in the metropolitan area for the week ending August 7 which is 1% less than the previous week. Last week's total figure is 1.1% lower than 4 weeks ago and 1.2% higher than the same time last year.

Top selling suburbs south of the river

• Baldivis
• Byford
• Wellard
• Canning Vale

Perth rental market

REIWA members reported 2,163 properties for rent at the end of last week which is 3.6% less than the previous week, 7.9% lower than 4 weeks ago and 19.4% lower than the same time last year. Leasing activity increased 13.6% with REIWA members reporting 700 properties leased.

Open for Inspection This Week

Saturday
11:00 - 11:45am - Unit 11, 1 Dudley St, Midland

Sunday
11:00 - 11:45am - Unit 11, 1 Dudley St, Midland

Wednesday
4:00 - 5:00pm - Unit 11, 1 Dudley St, Midland


If you would like to see any property we have for sale, just call Shelley on 0417963670 or Mark on 0411552309 and we will do our best to arrange a private appointment for you.

Please note the Home Inspection Guidelines during the COVID-19