In this episode, we dive deep into the Perth property market with Damian Collins, who knows the ins and outs of this unique city. Exploring the cycles that define the city’s real estate, the hotspots and danger zones investors should consider, and the key drivers behind its growth. With over three decades of experience, Damian shares invaluable insights, and together, we unpack what’s shaping Perth’s property landscape.

We break down Perth’s strong ties to the mining industry, its growing population, and how infrastructure development is influencing property values. Together, we highlight suburbs that might look promising but come with hidden risks, especially in areas with high concentrations of investors. For those thinking long-term, we discuss the potential for gentrification and pinpoint areas where future opportunities could emerge.

The conversation also covers strategies for building wealth through property. We examine the pros and cons of commercial investments, how to identify properties with future development potential, and the importance of sticking to solid fundamentals. Plus, we talk about avoiding FOMO and making smarter decisions.

If you’re curious about what makes Perth’s property market tick or want a fresh perspective on making the most of this region’s opportunities, this episode is for you. With Damian’s expertise and our shared insights, we deliver a straightforward guide to better property decisions. Don’t miss it!

Episode Highlights:

00:00 - Introduction

01:05 - Who is Damian Collins?

02:12 - How has the Perth property market changed since 2020, and what’s next?

04:10 - How do locals feel about property prices, and are they facing affordability restraints?

05:56 - Have any parts of Perth surprised you with their growth over the last few years?

09:41 - What areas of Perth would you caution against, and what are some danger zones?

12:53 - Lessons from Perth’s 12-year flat property market that investors should consider now

16:09 - How have rents and yields shifted in response to the changing market dynamics?

22:00 - What dynamics influence homeowners’ decisions to upgrade?

29:13 - Is Perth’s commercial property still locally preferred or attracting outsiders?

32:09 - What risks and opportunities exist for small-scale commercial investors?

35:16 - What’s the best long-term growth asset for Perth property investors?

38:07 - What Perth people value most in their homes and their deal-breakers

41:08 - Is Perth’s population growth driven by interstate or international migration?

42:52 - Is Perth’s economy still vulnerable to mining industry shifts, or has it diversified?

47:01 - What are the best residential investment strategies for Perth right now?

50:06 - Are investors likely to sell underperforming assets if the property market slows?

53:37 - Damian Collins’ property dumbo

About Our Guest:

Damian Collins is the founder and Managing Director of residential property advisory, Momentum Wealth, and Chairman of Australian property funds management company, Westbridge Funds Management. Damian is the author of the Amazon Number 1 Best Seller, Property Investing Roadmap: How to Build an Income from Property for Life and is a well-known advocate across Australia’s real estate industry. He served as President of the Real Estate Institute of WA (REIWA) from 2018 to 2022 and as a Director of the Real Estate Institute of Australia. Having been an active property investor himself for over 30 years, Damian continues to apply his extensive experience to help fellow investors grow wealth through direct and syndicated property investments.

Connect with Damian Collins:


Website (Damian Collins) https://damiancollins.com.au/


Website (Momentum Wealth) https://momentumwealth.com.au/


Website (Westbridge Funds Management) https://westbridgefunds.com.au/


LinkedIn https://au.linkedin.com/in/audamiancollins

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.flintgroup.au


Work with Chris: chrisbates@flintgroup.au

Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!


Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast


Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719


Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765

 

In this episode, we dive deep into the Perth property market with Damian Collins, who knows the ins and outs of this unique city. Exploring the cycles that define the city&rsquo;s real estate, the hotspots and danger zones investors should consider, and the key drivers behind its growth. With over three decades of experience, Damian shares invaluable insights, and together, we unpack what&rsquo;s shaping Perth&rsquo;s property landscape.
We break down Perth&rsquo;s strong ties to the mining industry, its growing population, and how infrastructure development is influencing property values. Together, we highlight suburbs that might look promising but come with hidden risks, especially in areas with high concentrations of investors. For those thinking long-term, we discuss the potential for gentrification and pinpoint areas where future opportunities could emerge.
The conversation also covers strategies for building wealth through property. We examine the pros and cons of commercial investments, how to identify properties with future development potential, and the importance of sticking to solid fundamentals. Plus, we talk about avoiding FOMO and making smarter decisions.
If you&rsquo;re curious about what makes Perth&rsquo;s property market tick or want a fresh perspective on making the most of this region&rsquo;s opportunities, this episode is for you. With Damian&rsquo;s expertise and our shared insights, we deliver a straightforward guide to better property decisions. Don&rsquo;t miss it!
Episode Highlights:
00:00 - Introduction
01:05 - Who is Damian Collins?
02:12 - How has the Perth property market changed since 2020, and what&rsquo;s next?
04:10 - How do locals feel about property prices, and are they facing affordability restraints?
05:56 - Have any parts of Perth surprised you with their growth over the last few years?
09:41 - What areas of Perth would you caution against, and what are some danger zones?
12:53 - Lessons from Perth&rsquo;s 12-year flat property market that investors should consider now
16:09 - How have rents and yields shifted in response to the changing market dynamics?
22:00 - What dynamics influence homeowners&rsquo; decisions to upgrade?
29:13 - Is Perth&rsquo;s commercial property still locally preferred or attracting outsiders?
32:09 - What risks and opportunities exist for small-scale commercial investors?
35:16 - What&rsquo;s the best long-term growth asset for Perth property investors?
38:07 - What Perth people value most in their homes and their deal-breakers
41:08 - Is Perth&rsquo;s population growth driven by interstate or international migration?
42:52 - Is Perth&rsquo;s economy still vulnerable to mining industry shifts, or has it diversified?
47:01 - What are the best residential investment strategies for Perth right now?
50:06 - Are investors likely to sell underperforming assets if the property market slows?
53:37 - Damian Collins&rsquo; property dumbo
About Our Guest:
Damian Collins is the founder and Managing Director of residential property advisory, Momentum Wealth, and Chairman of Australian property funds management company, Westbridge Funds Management. Damian is the author of the Amazon Number 1 Best Seller, Property Investing Roadmap: How to Build an Income from Property for Life and is a well-known advocate across Australia&rsquo;s real estate industry. He served as President of the Real Estate Institute of WA (REIWA) from 2018 to 2022 and as a Director of the Real Estate Institute of Australia. Having been an active property investor himself for over 30 years, Damian continues to apply his extensive experience to help fellow investors grow wealth through direct and syndicated property investments.
Connect with Damian Collins:
<ul>
<li dir="ltr" aria-level="1">
Website (Damian Collins) <a href="https://damiancollins.com.au/">https://damiancollins.com.au/</a>
</li>
<li dir="ltr" aria-level="1">
Website (Momentum Wealth) <a href="https://momentumwealth.com.au/">https://momentumwealth.com.au/</a>
</li>
<li dir="ltr" aria-level="1">
Website (Westbridge Funds Management) <a href="https://westbridgefunds.com.au/">https://westbridgefunds.com.au/</a>
</li>
<li dir="ltr" aria-level="1">
LinkedIn <a href="https://au.linkedin.com/in/audamiancollins">https://au.linkedin.com/in/audamiancollins</a>
</li>
</ul>
Resources:
<ul>
<li dir="ltr" aria-level="1">
Visit our website <a href="https://www.theelephantintheroom.com.au">https://www.theelephantintheroom.com.au</a>
</li>
<li dir="ltr" aria-level="1">
If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast <a href="mailto:questions@theelephantintheroom.com.au">questions@theelephantintheroom.com.au</a>
</li>
<li dir="ltr" aria-level="1">
Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au/">https://www.gooddeeds.com.au</a>
</li>
<li dir="ltr" aria-level="1">
Work with Veronica: <a href="http://www.veronicamorgan.com.au">https://www.veronicamorgan.com.au</a>
</li>
<li dir="ltr" aria-level="1">
Looking for a Mortgage Broker? <a href="https://www.flintgroup.au">https://www.flintgroup.au</a>
</li>
<li dir="ltr" aria-level="1">
Work with Chris: <a href="mailto:chrisbates@flintgroup.au">chrisbates@flintgroup.au</a>
</li>
</ul>
Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!
<ul>
<li dir="ltr" aria-level="1">
Subscribe on YouTube: <a href="https://www.youtube.com/@theelephantintheroom-podcast">https://www.youtube.com/@theelephantintheroom-podcast</a>
</li>
<li dir="ltr" aria-level="1">
Subscribe on Apple Podcasts: <a href="https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719">https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719</a>
</li>
<li dir="ltr" aria-level="1">
<a href="https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719"></a>Subscribe on Spotify:&nbsp;<a href="https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765">https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765</a>
</li>
</ul>
&nbsp;

Who's really in control when you buy a property?

The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.  

Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.

Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.

In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.

The plan? This property podcast has been created to help us all make better property decisions!

We talk about the things no one wants to talk about in the Property Market

Advertisement