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Perth's property market has been one of the hottest in the country, but the federal budget changed everything. In this episode, Capital Partners founder David Andrew and Aden Wilkins sit down with Rowen Powell, director of Verve Buyer's Agency, to unpack what's happening on the ground. From the collapse of investor demand to skyrocketing building costs, the rise of subject-to-sale offers, and why quality has never mattered more - this is the most honest read of the Perth property market you'll find.

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Follow Rowen Powell:

LinkedIn: https://www.linkedin.com/in/rowen-powell-1443a173/

Verve Buyer's Agency: https://www.vervebuyersagency.com.au

Follow David Andrew:

LinkedIn: https://www.linkedin.com/in/davidandrewfamilywealthadviser/

Capital Partners: https://capital-partners.com.au/team-members/david-andrew/

Follow Aden Wilkins:

LinkedIn: https://www.linkedin.com/in/aden-wilkins-40b006105/

Capital Partners: https://capital-partners.com.au/team-members/aden-wilkins/

Follow Capital Partners on socials:

Facebook: https://www.facebook.com/CapitalPartnersPWA/

LinkedIn: https://www.linkedin.com/company/capital-partners-3/

Instagram: https://www.instagram.com/capitalpartnersprivatewealth/

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Chapters:

(0:00) Welcome & Wins of the Week

(3:30) What a Buyer's Agent Actually Does

(5:30) Perth Property by the Numbers: From $840K to $1.35 Million

(8:00) The Psychology Shift - From 'Get In Quick' to 'Get It Right'

(10:30) The Cascade Effect: How Buyers Are Being Pushed Into Bridesmaid Suburbs

(14:00) The Federal Budget's Impact on Investor Demand

(18:30) Why Building a New Home Just Got a Lot More Expensive

(22:00) What's Happening in Different Price Segments

(26:00) The Return of Subject-to-Sale Offers

(30:00) Red Flags: Mistakes to Avoid When Buying in This Market

(37:00) Parents Helping Kids into the Market: What's Changed

(40:30) What the Next 12 Months Looks Like for Perth Property

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Recorded and produced by Podwave Studios: https://podwavestudios.au/

The Purposeful Investor Podcast is a public service provided for Australian investors wanting to make smart decisions with their money, avoid costly mistakes, look after the people they care about, and, have a great life!

We draw on over 30 years of experience from David Andrew and the Capital Partners team.

For more information on Capital Partners' award winning team, visit capital-partners.com.au.

Have a question? Email us [email protected].

This episode provides general advice only. We do not consider your personal circumstances when we share this information. Always refer to your financial adviser for advice about your personal circumstances. 

Capital Partners Consulting Pty Ltd AFSL 227148 trading as Capital Partners Private Wealth Advisers ABN 27 086 670 788.