Yokine suburb review

Hi Can anyone suggest good day care facility for my 2 yo son in or around Yokine. Happy to drive. Thanks

"I tried calling every daycare in and around Girrawheen area , the only answer I got was, “No new enrollment at the moment”. I am trying to have my 3 year old get started on daycare at least 3 days a week for now and once things get back to normal she will be comfortable going for 5 days a week. This is a new place for her as well and would like to give her some cushion. Any suggestions? Registered family day cares are fine as well, as long as they are caring and she loves to be there. Please advice. Thank you."

Perth's property market clocked its busiest week since 2013 after it recorded over 1,000 sales of dwellings and vacant land in the week ending 21 June, according to the latest market update from the Real Estate Institute of Western Australia (REIWA). Over the week, Perth reported 613 home sales and 412 vacant land sales. Both of these figures are significantly higher than the 52-week average. "The schemes have certainly helped people who were undecided about a house-and-land package make their decision quicker, and we will likely see vacant land transactions remain at higher-than-normal levels until the end of the year when the scheme concludes,"  "These measures, plus the unique features of our extraordinary state position Western Australia to come back better, emerging from the global pandemic faster than other states as an attractive destination for business investment and interstate and international migrants," Source: x Perth clocks robust sales Its property market recorded the highest level of sales activity since 2013, figures show www.yourinvestmentpropertymag.com.au

“The start of the Perth dwelling market recovery comes at an unfortunate time. In early 2020, the Perth dwelling market had four consecutive months of dwelling value increases, which is the longest stretch of capital growth since 2014,”  “Unemployment had fallen from 6.9 per cent to 5.2 per cent, jobs growth was trending higher, population growth had bounced back to the highest level since 2014, housing supply was contained, and state final demand crept above the decade average,” she explained. “But instead of momentum continuing from the trend seen at the start of the year, the onset of COVID-19 places it at the cusp of another downswing. “Perth has less exposure to industry sectors that have been heavily impacted by COVID-19, with 8.6 per cent of the local workforce employed with the accommodation and food services and arts and recreation services sectors, compared with 9.1 per cent nationally.” Read full details at: x Perth recovery takes COVID-19 hit While signs were pointing to the start of a housing market recovery for Perth earlier this year, the knock-on effects of COVID-19 have impacted the west coast city, according to a leading researcher. www.smartpropertyinvestment.com.au

According to data compiled by the Real Estate Institute of Western Australia (REIWA), listings fell by 17 per cent in May to 4,676. “Looking ahead, the median rent per week should remain at least stable until the end of the year, with any increase in rent only allowed on new rental listings. Legislation implemented in the Residential Tenancies (COVID-19 Response) Act 2020, means occupied rentals cannot have a rent increase until October.” Rent prices remain stable in Perth, according to the REIWA, who noted the overall median rent sat at $350 per week during May.  “The top 10 suburbs that saw the biggest increase to median sale price include Ellenbrook, Claremont, Butler, Yokine, Yanchep, Gosnells, Kelmscott, Halls Head, Waikiki and Willetton,” Mr Collins said. “Interestingly, seven of the 10 suburbs had a median sale price under Perth’s median of $475,000 and suggests people are taking advantage of properties in Perth that are priced at the lower end.” Source: x Perth sees rapid drop in available rental stock Available rental stock in Perth is dropping at a rapid rate, with listings falling to their lowest levels since November 2013. www.smartpropertyinvestment.com.au

After a long period of stagnation, the Perth property market has started to show green shoots of recovery. Will the Western Australian capital be able to sustain growth long enough to benefit investors in the long term? Perth, along with Brisbane, garnered the highest level of interest from investors based on the survey conducted by property investment consultancy Momentum Wealth, which collected responses from over 400 investors across Australia. Overall, 68 per cent believe that it is still a good time to dive into the housing market right now – a significant increase from last year’s 53 per cent and the year prior’s 44 per cent. Investor interest remained highest in Perth and Brisbane, with 37 per cent and 26 per cent of respondents respectively choosing the capital cities as the best locations to invest in the next 12 months. Team leader of Momentum Wealth’s buyer’s agents Emma Everett said that the relative affordability and growth opportunities in both Brisbane and Perth are likely to be the primary drivers of continued interest in their property markets. “While Brisbane’s property market has been recording steady growth for some time, continued improvements in rental conditions and a significant tightening of stock in Perth’s housing sector are now driving the consensus that the property market is moving into recovery phase, with savvy buyers realising the counter-cyclical opportunities at hand,” Ms Everett highlighted. “Investors are also recognising the value for money these markets offer, especially in comparison to places like Sydney where prices remain significantly overvalued and affordability constraints are pushing buyers out of the capital city market in favour of regional or state alternatives.” Further, Perth is considered as the capital city market with the best long-term prospects – 61 per cent of respondents ranked the Western Australia capital as the location with the highest three-year growth potential. According to Ms Everett, a number of factors are contributing to a strong long-term outlook for Perth’s residential housing sector, including growth in population and the mining sector. “While we’re already seeing early improvements across Perth’s rental and capital markets, rising activity in the mining sector, increased infrastructure spending and early signs of accelerated population growth are providing strong indicators for the market’s future performance,” she said. Moving further into 2020, Perth’s median house price of over $500,000 should be able to provide investors and owners with value gains of 5 per cent in 2020, based on Domain’s Property Price Forecasts for February 2020. In 2021, the Western Australian capital may experience a further 3 to 5 per cent improvement to prices. Still, Right Property Group’s Victor Kumar reminded investors to be cautious and do due diligence before investing in the Perth property market. “We have been buying strategically in Perth for a little while, but it is not a market for the uneducated, given prices remain more than 20 per cent below their peak, with different suburbs all at different phases of recovery, with some still falling,” he said. Property values CoreLogic’s February 2020 Home Value Index has found a rebound in the pace of capital gains across the Australian housing market throughout the month, seeing the national index rise by 1.1 per cent. The strongest capital gains were recorded in Sydney, at 1.7 per cent to $872,934 and Melbourne at 1.2 per cent to a median house value of $689,088, followed by Brisbane ($503,265), Canberra ($631,862), Hobart ($488,968) and Adelaide ($439,453). For Perth, a 0.3 per cent increase in dwelling values reported for the month is being flagged by CoreLogic as “evidence that the long-running downturn is over”. It’s the Western Australian capital’s fourth consecutive month without a value drop, bringing values to a median of $442,691. However, despite values now trending higher, “the recovery period is likely to be a long one, with Perth housing values remaining 21 per cent below their peak”, according to CoreLogic’s head of research Tim Lawless. Supply and demand The week ending 1 March 2020 saw Australian capital city auction volumes reaching their highest levels since late November 2019, according to CoreLogic’s latest auction market preview. With over 3,000 homes taken to auction, a success rate of 73.9 per cent was achieved. “The last time the final weighted average clearance rate maintained [such] strength across such a high volume of auctions was back in early 2017,” it revealed. Breaking down the results by capital cities, Melbourne recorded its busiest week since March 2018, with 1,612 auctions reported. It returned a final clearance rate of 74.8 per cent. Growth outlook Money has started to move from the east coast to the west as the western property market witnesses recovery, according to a previous Domain study. According to the study, Perth is likely to see its fastest growth since the mining boom in 2014, which is welcome news for investors who have bought and held during the boom. The median house price should be $564,000, which, while higher than the current median value, is still 8 per cent below its previous peak. To take advantage of the potential for future upswings, Property Club president Kevin Young encouraged investors to buy homes in areas where new schools are in the pipeline. Details inside:x Property market update: Perth, February 2020 After a long period of stagnation, the Perth property market has started to show green shoots of recovery. Will the Western Australian capital be able to sustain growth long enough to benefit investor... www.smartpropertyinvestment.com.au