How reliable is the data behind Perth's property boom, and what does it truly tell us about the future of this market? Is the market genuinely booming, or are we looking at a bubble that's about to pop?

Today, we take a look at Perth's bustling real estate scene with Ray Chua, a seasoned buyers agent who's right in the thick of it all in Perth. He brings us the inside scoop by breaking down what's really driving the spike in property values in this vibrant city.

Ray's got his finger on the pulse of the market, so he walks us through the trends by putting his years of experience and local know-how to work. He takes a hard look at the data investors usually bank on, hinting that it might not be as solid as we thought.

For anyone thinking about jumping into Perth's property market, this episode is for you. Should you jump on the bandwagon and enjoy the surge in values, or is there a danger of getting caught in a slump? Tune in and let's get started!

Episode Highlights:

00:00 - Introduction

01:03 - Who is Ray Chua?

02:09 - What is a mechatronics engineer?

03:16 - How did Perth's real estate market evolve over 20 years?

05:32 - What were Perth's property market trends from 2006 to 2023?

10:23 - How Perth evolved into a consolidated city from being just a mining town

11:31 - The primary industries driving Perth's economy

14:54 - Ray explains why he believes Corelogic's Perth data is incorrect

17:11 - How do local and external perspectives differ in Perth's property market?

24:22 - What risks do unqualified buyer's agents pose in real estate?

29:15 - Is there a growing buzz around investing in Perth's real estate?

33:58 - How affordability factors are impacting bridesmaid suburb popularity

35:57 - Is a rebound in Perth's property market guaranteed?

40:18 - How accurate is the claim of high vacancy rates in Perth?

43:53 - Are high earners in Perth poised to boost the market with more spending?

45:24 - Ray Chua’s property dumbo

About Our Guest:

Ray Chua, with 15 years as a Buyer’s Agent in Perth's property market, and a background in Mechatronics Engineering, combines analytical skills and extensive real estate expertise. He's adept in tailored client solutions, leveraging a vast network and a strong commitment to excellence. An active investor, Ray has handled projects from renovations to developments, including a significant triplex project. His experience with market dynamics post the mining boom led him to establish Buyers Advocate Perth, focusing on high-quality investments for clients and aiding in purchasing dream homes.

Connect with Ray Chua:

• Website https://www.buyersadvocateperth.com.au/
• LinkedIn https://www.linkedin.com/in/chuaray/
• Twitter https://twitter.com/ray_chua
• Instagram https://www.instagram.com/rayyyychua/
• Facebook https://www.facebook.com/BuyersAdvocatePerth/

Resources:

• Visit our website https://www.theelephantintheroom.com.au
• If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast questions@theelephantintheroom.com.au
• Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
• Work with Veronica: https://www.veronicamorgan.com.au
• Looking for a Mortgage Broker? https://www.blusk.au
• Work with Chris: hello@blusk.au

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