Head west for the best investment
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Head west for the best investment

Stronger yields and a lower entry point make Perth an attractive option for property investors

By KANEBRIDGE NEWS
Mon, Jul 24, 2023 11:27amGrey Clock 2 min

Investors after higher yields and a more affordable entry market should look to Perth, a leading property analyst said.

Director of research at CoreLogic, Tim Lawless said Perth has the highest gross rental yields of all the capital cities, while also having a lower position of investment activity, making it one of the best opportunities in Australia right now.

“Additionally, the entry point to the market is more achievable, with Perth home values recording the lowest median dwelling value of the state capitals and prices are proving to be pretty resilient through the rate hiking cycle so far, in fact Perth is the only capital city where housing values have recovered to a new record high,” Mr Lawless said.

CoreLogic research director Tim Lawless

He said the lack of interest in investing in Perth was puzzling, although the variations in the mining industry could be a factor.

“It’s hard to explain why investors seem to be less attracted to the Perth market,” Mr Lawless said. “Perhaps there is a level of herd mentality playing out, where more investment is flowing into the Sydney or NSW market despite the unaffordability and low rental yields. 

“Another reason why investor demand is weak may relate to the significant volatility in Western Australian housing values during and after the mining boom.”

Prices in the Perth market surged in the decade after 2004 and then fell 20 percent between 2014 and 2019.

While capital gains were greater historically in the eastern states, the entry point in Sydney and Melbourne was also much higher, requiring higher levels of borrowing for many would-be investors.

 



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A ‘cheeky’ seat takes out the top prize at Australia’s Next Top Designers Awards

A cash prize from Kanebridge Quarterly magazine, offered for the first time this year, drew a record number of entries for the design competition

By KANEBRIDGE NEWS
Mon, Jun 17, 2024 2 min

A versatile stool with a sense of fun took out the top prize at the Australia’s Next Top Designers awards at Design Show Australia last week.

The ‘Cheeky’ stool designed by Maryam Moghadam was the unanimous winner among the judging panel, which included Kanebridge Quarterly magazine Editor in Chief, Robyn Willis, Workshopped Creative Director Olaf Sialkowski, Design Show event organiser, Andrew Vaughan and Creative Director at Flexmirror Australia, Matt Angus.

Designed as an occasional stool or side table, the Cheeky stool comes in a range of skin tones. The judges applauded its commercial applications, its flexibility to work in a range of environments, and its sense of play.

In accepting the $10,000 prize, designer Maryam Moghadam quipped she was pleased to see ‘other people find bums as funny as I do’. A finalist at last year’s awards, Moghadam will put the prize money towards bringing her product to market.

Winner Maryam Moghadam said the $10,000 prize money would be put towards developing her product further for market.

Australia’s Next Top Designers is in its fourth year, but this is the first year a cash prize has been offered. Kanebridge Quarterly magazine has put up the prize money to support the next generation of emerging industrial design talent in Australia.

Editor in Chief Robyn Willis said the cash prize offered the winner the opportunity to put the money towards whatever aspect of their business it would most benefit.

“That might be prototyping their product further, spending on marketing, or simply paying for travel or even childcare expenses to allow the designer to focus on their work and take it to the next stage,” she said. “We’re thrilled to be supporting this design program and nurturing emerging design in a very practical way.”

The Coralescence lamps from the Tide Pool series by Suzy Syme and Andrew Costa had strong commercial applications, the judges said.
The Mass lamp by Dirk Du Toit is crafted from FSC-certified oak or walnut.

Two finalists were also awarded ‘highly commended’ by the judges — Mass lamp by Dirk Du Toit and the Coralescence lights from Suzy Syme and Andrew Costa at Tide Pool Designs. The judges agreed both products were beautifully resolved from a design perspective, as well as having strong commercial applications in residential and hospitality design. 

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