Is Autralia's Real Estate in Turmoil

Is Autralia's Real Estate in Turmoil with Simon Deering and Heath Bassett

Perth Buyer's Agent Simon Deering


Buyer's agent and co-founder

Is Australia’s real estate market going to crash?

Hi everyone it’s Heath and Simon from You&Me Personalised Property Services.

Simon, have you read the news? Have you listened to the radio? Australian real estate in turmoil! Even our untouchable, beautiful city of Perth.

We have lost 1% on average since the peak in August 2022. But let me stop you there.

We’re on the ground level. This is exactly why you hire a buyer’s agent, who is someone on the ground, local level.

At You&Me Personalised Property Services, we provide top-quality buyers agent services in Perth and Brisbane.

Simon Deering and Heath Bassett explain the current real estate market in Perth and Australia

Why hiring a buyer’s agent could help you understand the current property market

Simon, you drove past, and we both did. We drove past and we’re in home opens on the weekend where I was 30 people trying to get into a house open and you drove past 20 cars on your way to the home open. Tell us a bit about where you’re seeing the market in that investor range.

The $300,000 all the way up to sort of the million dollar mark?

Buyer’s agents are on the ground level

The $300,000 to $1,000,000 mark

It’s a big investor range. And I think, that there’s a lot of home owners that fit that range as well.

If you’d like to find out more about the types of property buyers, this article will provide you with useful information.

Look, there’s a lot to unpack. The first thing I will say is: “stop listening to the news”.

We’re on the front line every week, every day of the week. We’re out there inspecting properties, negotiating properties for our clients, looking for great opportunities. And, you know, if you use the weekend as a reference, you can certainly see that $300,000 to a million price point.


It’s moving north.

There are still a plethora of buyers out there that are experiencing and seeing exceptional value, and real estate’s all about sustainability and viability.

Perth has room for growth

Tight rental market

And if buyers are seeing value in a market, it’s telling you that there is room for growth. The rental market is as tight as it’s ever been. There’s a lot of pressure on that rental demand, which is putting more pressure on rents, which is making rents go higher.

Absolutely. You know, right now, our vacancy rate in Perth right now is 0.5%, lowest in the whole country!

High rental yield for property investors

Perth has had the lowest vacancy rate in the whole country for the past 2 years. Our rent returns are exceptional.

  • The average rent returned here in Perth is 4.4%
  • You&Me Personalised Property Services’ average rent return (for our clients) is north of 5.6%

Which essentially means that your principal and interest mortgages are more or less paid off. So, all of our clients are going into other positive geared or positive cash flow properties.

Find out more about rental yield in this article.

Real estate market in Eastern States

The property market is not viable at the moment

But getting back to the turmoil. If you’re on the East Coast like, 12% losses, you’re being hit in the head with a blunt instrument at the moment. I mean, it’s just a fact and it’s not going to slow down because those markets aren’t sustainable. They’re not viable at the moment. People talk about the rental increase over there. The rental increase hasn’t so much has gone up so high as property values have gone down so much.

Should you wait before investing in property?

In my opinion, if you’re looking to invest in property, you don’t want to wait six months because there’s going to be more interest rate rises, whether it’s two or four or have many, there’s going to be more. Don’t try and save that money. Get into the market now.

Use equity to invest in Perth’s market

If you’re in New South Wales, in Victoria, a wonderful time to be recycling equity before you lose more and putting into a market that’s growing.

Avoid pressure

You know, if you’re looking at real estate here in Perth from an investment point of view and you’ve got $2 million to spend, don’t go and buy a $2 million house That’s where we’re experiencing the pressure and the downturn in the market. And if you think about it logically, it’s just because there’s less buyers in that $2 million price point.

So if you’ve got $2 million to spend and you want to invest, you’re probably better off looking at that $800,000 to $1,000,000 bracket and getting two properties.

What our clients experience with our buyer’s agent services

The best way to buy a property if you relocate to Perth

We talked about the East Coast and we’ll give you a real time example. Just last night myself and Simon got an email from a client that we that we came in contact with. I’m sure he won’t mind. Mike

He can be known it is Mike V. He sold his property and settled in Canberra six weeks ago?

Going to be longer than that now, like maybe 12? It’s been a while. So it’ still relatively new in this market.

But he’s just sent us an email last night to thank us.

That Canberra property that he sold to relocate to Perth, he sold it now. So he’s made his good point. It’s now lost $160,000 and coming to Perth, obviously saving a ton of money in a bigger house and closer to the beach.

Read a great Canberra buyer’s experience in this success story.

Perth offers a great lifestyle: perfect for families

All the lifestyle he would love. Yes, everything they wanted, and they’ve gained $25,000.

So and then the other thing that was really rewarding and you know, might sound a little bit corny, guys, but the other thing that was really rewarding about that email was how he’d said the whole family was so much better. They were so much happier. The little grandson was happy.

The cat was happy, because he stopped scratching, because he’s not stressed out anymore.

That was sort of emails that we just love to receive. They were so happy that the family loves the relocation and can call their new home, you know, their family home. Absolutely. It’s wonderful.

Simon Deering and Heath Bassett-Perth and Brisbane buyers agents
Simon Deering and Heath Bassett-Perth and Brisbane buyers agents

So, is real estate in Australia in turmoil?

In closing, real estate is not in turmoil. If you’re looking at real estate in New South in Victoria, it will probably be the case, the real estate might be in turmoil.

But if you’re looking in Perth and you between that $300,000 to $1,000,000 price point houses and moving up, you’re protected by exceptionally strong rental yields. And if you want to deal with a property team that have a track record in getting it right, and your best interests at heart.

Get in touch with us

Looking to use a buyer’s agent to buy a property in Perth or Brisbane?

Go to our:

Pick up the phone and give us a call at (08) 6500 0655 or book in your free discovery session.

Until next time, guys, happy investing.


This content has been made available for educational and informational purpose only. For anything specific to your circumstances or needs, please get in contact with us directly.

Perth Buyer's Agent Simon Deering

Buyer's Agent, Co-Founder at You&Me Personalised Property Services

Helping property buyers get into Perth and Brisbane property faster and for less.

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