6 Good Reasons How Furniture Staging Makes Sense

A recent report has shown that furniture staging will help you sell your home 73% faster, on average. This means that as a seller it is well worthwhile making a small investment towards the presentation of the property you are trying to sell because ultimately it will bring in a massive return on that outlay.

We are experts at home styling in Perth and have assisted many satisfied customers. We help make the most of the spaces in the homes for sale to make them more appealing to potential buyers who are viewing the properties. The real estate industry will tell you that they estimate most buyers make their initial decision within 3-6 seconds of viewing the property, therefore first impressions are crucial.

At Furniture Fitouts, we can provide furniture staging to help the sale of your property, and here are our main reasons why it’s important to stage your home when putting it up for sale:

  1. Make More Money

Not only will your home sell quicker as a result of staging, but it is likely that the property will sell for higher, too. It is estimated that around 50% of all staged homes will end up selling at 10% more than surrounding unstaged homes for sale in the area. If you want to sell your property for as close to the asking price as possible, then it makes sense to use a service like ours for home staging in Perth.

  1. See a Big Return

Think about it: if you were to sell your car, would you want it to be inspected without taking it to the car wash first? Or would you invest a tiny amount of time and money to give it a wash and a wax so that your car looks its best to potential buyers? A neat-looking car will appeal more to buyers, so it makes sense to get it looking its best before you present it for sale. The same principle applies to home staging. Just spend a little bit of money, and it will go a long way.

If you spend around 1% of the value of your home, this is likely to bring in a 1000% return on investment. For example, if your home is worth $400,000, then spending $4,000 dollars just to stage it may seem like an inefficient use of money. However, that’s until you consider that you are likely to earn $40,000 extra in the final price of your home as a return on the investment.

  1. Make it Easier and Quicker

Furniture staging will really help potential buyers visualise how they could make use of the spaces around your home. This also includes any outdoor space, which should not be neglected. A vacant home or one that is too cluttered with used furniture will not present itself as easily in the imagination of prospective buyers, so it is really useful to give them a helping hand and use one of our interior design packages for your Perth home sale.

Most buyers will make their decision based on emotion, and seeing how they could fit into living in the property will help them make their decision to buy quicker. As we stated above, this figure is around 73% faster sale rate, on average.

  1. Keep a Better Record

Furniture staging is useful for home viewings, but also for the photos it will help create. Before even coming to your home, most people will look at a selection of photos on offer prior to making the decision whether to visit. So, it makes sense to have your home staging organised before the realtors come round to take snaps of the rooms.

Having appealing photos may even lure in otherwise uninterested buyers since many people will look through photos of properties on websites before even talking to the real estate agents. If they see a home that appeals to them, then it may prompt them to come around and take a look. Visually appealing photos of a staged home may give your sale the edge.

  1. View Your Home with a Fresh Pair of Eyes

The process of replacing the furniture in your home with something less used and less personalised will help you, as a seller, to see the property more objectively. For this reason, we thoroughly recommend using our expert services for home styling in Perth, because it will make it easier to detach yourself from your home and sell it neutrally.

Once you have brought in professional stagers to fit out your home, you’ll be able to see your property objectively. Now, you’ll see it as newcomers would see it, and then you’ll have a better idea of how to sell it.

  1. Overlook the Glaring Flaws

After living in a property for a while, most homes will gather some defects. Most of these flaws we tend to forget about and learn to accept until someone new comes along and points them out to us. The negative points about your home are likely to be the first things a potential buyer will pick up on. That’s only natural, if a person is looking for value, and considering how they’ll be able to live at the property for a long time.

By using the expert services of our home stylists in Perth, you’ll be able to make the best presentation of your home, meaning that the negative points will get overlooked. If you work with us, we’ll ensure that all the best features of your home are highlighted, whilst some of the negative points are taken out of the spotlight.

Make the Investment

These are just six of the best reasons to use our service to stage your home. If you’ve already made the commitment to sell, then we hope you would agree with us when we say that it makes sense to go a tiny bit further and ensure that your home is fully presentable to get the highest price possible, in the quickest time possible. You can contact us through our website for a quote on our furniture staging design, or give us a call directly on (08) 9256 4242.

How Renters Can Take Ownership of Their Space

Without a doubt, the landlord has the most flexibility regarding the interior décor of your home, but that doesn’t mean you have no freedom whatsoever. With a few smart purchases, you can personalise your space to match your preferences in style, but it’s wise to keep versatility, space efficiency, and storage in mind.

However, some interior designers with experience in sprucing up rentals on behalf of tenants rather than landlords would argue that cost isn’t a detrimental factor unless you’re shopping on a budget. After all, provided you purchase stand-alone furnishings, they’re yours for the taking when you vacate the premises.

If you’re looking for expert interior designers to make the most of your rental home, you can call our professionals at Furniture Fitouts. We can source, purchase, deliver, and install high-quality furnishings on your behalf, and we can often complete the entire process in less than three days if time is of the essence.

Below, we detail some tip tops from experienced interior designers to help you learn how to make a rental property your own.

Freestanding, Versatile Furniture

According to Scott Weston, a Sydney-based architect, being a tenant in a rental home is no reason to stick to cheap furnishings. He also says it’s best to stick to furniture that’s easy to rearrange and can accommodate a smaller room should you choose to downsize when you vacate the property.

Weston says: “Whether owning or renting, my philosophy is to buy good-quality furniture pieces that become part of your life. If they’re loose or free-standing, you can take them with you when you move.”

Leo Terrando, an award-winning architect, agrees that versatility must be a key consideration. Speaking of multifunctional furnishings, Terrando says: “An open-shelving unit is usually a safe buy because it can be used for storage, displaying accessories and screening. The way we place accessories on it can create a new look, too.”

Intelligent Investments

Interior designer, James Dawson, thinks that focusing on the focal points of a room is the best way to allow for flexibility when revamping a home in the future, be it your current rental property or not.

Dawson says: “Always invest in a good bedhead, sofa and rug. That way you can mix it up with new side tables, accessories and art from home to home to keep things interesting. Have some fun and don’t be governed by rules.”

Weston concurs with Dawson’s advice, as he explains: “A bed is top of the list – and buy a commercial-grade or memory foam mattress as they’re vacuum-packed, so easy to install. A sofa comes close behind, then comfortable side chairs.”

Finishing Touches

As a renter, you may be limited regarding how much you can change permanent fixtures, but there are clever ways to mask the things you don’t like and make small changes that will have a significant effect.

Alexandra Gordon, the editor at Vogue Living, explains: “If you have ugly lighting, pepper the home with beautiful floor and table lamps and try to avoid using the ceiling lights.”

“A cheap and easy way to update a tired kitchen or bathroom is changing over the cabinet pulls, as long as you keep the originals somewhere safe for the landlord.”

We Can Help

At Furniture Fitouts, we know how to find high-quality, versatile furnishings that will make your rental home perfect for you, and we can complete the installation promptly at a time that suits you. Contact us today to speak to interior designers you can trust.

Top Perth Suburbs to Find Tenants for Your Investment Property Quickly

Perth’s housing market has finally started recovering following a three-year downturn, which is the sixth such downturn in the last three decades. Thanks to demand catching up with supply, a strengthened labour market, and affordable housing, property prices are expected to rise within the next 12 months, and some suburbs are already showing steadily rising values.

If you’re an investor, now’s the time to start looking at buying properties before house values top out, meaning you need to know which suburbs have the best potential for growth.

If you’re interested in buying an investment home and need help sprucing the place up, Furniture Fitouts is here to help. Our highly trained and experienced interior designers can prime your property for the market, but first, you need to know which areas of Perth are likely to yield the maximum return on investment.

  1. Harrisdale

On average, it takes investors just 39 days to find a tenant for their investment home in Harrisdale, making it the 5th best place to invest in a rental property. Harrisdale lies within the City of Armadale to the southeast of Perth, and thanks to having plenty of amenities, schools, shopping outlets, and parkland, it’s popular with families. The median rent price for a property here is $380 weekly.

  1. Swanbourne

Located 10km west of Perth along the coast with an abundance of schools, the Claremont Shopping Centre and a train line, Swanbourne is another favourite with families. It takes an average of 38 days to fill a Swanbourne rental property with a tenant, and the median rental price is $650 per week.

  1. Trigg

Similar to Swanbourne, it takes investors about 38 days to find a tenant to occupy their rental property, though the average weekly rental price is $450. However, because of this high affordability, Trigg is popular with people looking to reside close to the Indian Ocean.

  1. Banjup

The average weekly rental price in Banjup is $420 per week, which is $30 less than it was in June 2016. High affordability coupled with a convenient location next to Cockburn’s thriving central hub allows landlords to find a tenant for their house in just 35 days on average.

  1. Gwelup

Located 12km northwest of the Perth CBD, Gwelup attracts residents thanks to being close to the coast and the Karrinyup Shopping Centre, and it only takes an average of 34 days for investors to find tenants to occupy their properties. Plus, the weekly rental price has risen by $10 to $595 since June 2016, making it the only suburb on our list to have seen an increase in rental costs.

Want to Find Tenants Even Faster?

The best way to entice tenants is to prime your property for the market, making rejuvenating its interior décor essential. Fortunately, if you don’t have enough time to revamp your home, we can do the hard work for you.

At Furniture Fitouts, we source high-quality furnishings to kit out your house completely, and if you’re in a rush, we’ll do our best to finish the installation in three days. Call us today to find out how our professional interior designers can help you find tenants quickly.

How to Style Your Display Home to Attract Your Target Buyer

Selling a home has never been easy, but it’s arguably even more challenging to sell a property that’s not finished. However, as a housing developer, you undoubtedly want to secure as many pre-sales as you can before your development has been completed to protect your profits, meaning you need a stylish and inviting display home to give buyers a taste of what’s to come.

However, given that your housing development is still under construction, you might not have enough free time on your busy schedule to design a display home’s interior décor. Fortunately, you don’t have to do any of the hard work if you leave the task with experienced interior designers that provide rental display home furniture in Perth.

At Furniture Fitouts, our professionals can source and install all the furnishings you need to show your display home in its best light, and even though we track down items from various manufacturers in Australia and the world, we can usually finish the job within a space of a few weeks. If you need short term furniture hire in Perth, you needn’t look further than us.

However, if you have a creative flair and would like to style your own display home without our help, you’ll need to remember the tips that we’ve detailed below.

Prime Your Display Home for Property Hunters

Without an attractive and stylish display home, buyers won’t be able to picture themselves living in a property that has yet to be completed. We’d always recommend utilising our experienced interior designers to fit out your home, but if you’d prefer to do the task alone, you’ll benefit from remembering these tips.

  • Don’t Forget about Kerb Appeal

Most home hunters will start forming an opinion on your home before they’ve even stepped foot inside, meaning you need to do what you can to ensure they’re impressed from the second they pull onto the street. Nobody wants to imagine themselves living in a home that has loose debris on the driveway and nothing but tools and equipment in the front yard. However, they likely can picture themselves residing in a home that boasts colourful flowers and a beautifully decorated façade.

If you need any help boosting your display home’s kerb appeal, we can help. At Furniture Fitouts, we have an extensive selection of outdoor furnishings for home staging in Perth, and you can rent them on a short-term basis if you only need them for a few weeks. Contact one of our friendly professionals for more information or to obtain a quote.

  • Try Not to Personalise Your Display Home

Because it’s crucial to help people imagine themselves living in something that resembles your display home, you ought to avoid decorating the place with personal possessions, such as trophies from your childhood or photos of your wedding day. The people viewing your display home are looking to invest heavily in a property, which means they need to focus on their own needs rather than your past achievements. Make sure personal items don’t clutter the place up, and you can feel confident that your display home will appeal to your target buyer.

  • Make Sure the Property is Spotless

It may sound obvious, but it’s vital to ensure your display home sparkles if you want it to secure sales. People want to know that your development is being constructed to the highest standards, meaning they’ll inspect every nook and cranny for signs of low quality. If you have a build-up of dust in the cupboards or stains under the tables, property hunters may assume you haven’t taken due care to ensure quality in your new development. It’s a good idea to clean your display home every day to ensure it remains in top condition.

  • Set the Tone with Natural Light and Bright Colours

If you want people to keep a positive outlook when viewing your display home, you need to do whatever you can to ensure they are in a good mood as they inspect the place. Natural sunlight helps us feel happy, awake and receptive, so always keep the curtains and blinds wide open when showing people around the property. In addition to natural light, it’s smart to paint the walls in a light, neutral colour. Avoid using bright or dark colours that will put off a significant portion of your potential buyers.

  • Make Sure There Are No Signs of Damage

You never know whether a contractor might’ve accidentally scuffed or scratched a surface while working inside your display home, and if they have, you can feel confident that viewers will notice. Even a chipped mug or damaged lighting fixtures could deter someone from placing an offer on a home that’s yet to be built, so check your display home with a fine toothed comb to ensure nothing will set a bad impression.

  • Buy the Right Furniture

Last but not least, you need to obtain the most suitable furnishings for home staging in Perth, and you need to keep your target buyer in mind when searching for items. If you’re targeting families, consider installing some kid’s playground toys in the backyard. Alternatively, if you’re targeting bachelors, you might consider putting a home cinema system in the living room. Fortunately, you don’t need to purchase such furnishings outright for a display home if you contact our professionals for display home furniture in Perth.

Contact Furniture Fitouts to Discuss the Style of Your Display Home

At Furniture Fitouts, we know exactly what it takes to make a display home as appealing as possible to your target buyer, and we’re happy to visit your location to inspect the area and tailor a bespoke furniture rental package to your particular requirements.

We’re the go-to company for home styling in Perth thanks to our years of experience, passionate employees and eye for design, and as part of our service, we locate, install and retrieve all the furnishings you need so that you barely have to lift a finger to fit out your display home. Contact us today on 08 9256 4242 to book a consultation with the interior design and furniture rental experts.

Perth’s Property Market Re-Emerges from the Ashes

Perth’s real estate market has bottomed out and is now entering the recovery stage of the housing market cycle, according to a recent report published by Perth-based property investment advisor, Momentum Wealth.

The market’s recovery has been attributed to high affordability, the tightening of housing supply, and a growing labour market that’s becoming increasingly stable.

Momentum Wealth’s report, entitled ‘Residential Property Spotlight: Perth’, analysed the fundamental supply and demand indicators that affect property prices in Perth. It states that the housing market is re-emerging from its sixth downturn in three decades. The latest recovery follows a period where supply outweighed demand in the face of a construction boom and a slower growing population.

At Furniture Fitouts, we help investors transform homes into prime real estates by sourcing high-quality furnishings from local providers and carrying out the installation in as little as three days. If you want to profit from investing in the property market, now is an ideal time, and our team of expert interior designers can help you maximise your return on investment.

What’s Responsible for the Real Estate Market Recovery?

In 2015, the housing construction industry hit a record high thanks to government incentives for first-time buyers. Such initiatives encouraged buyers to build homes instead of purchase existing properties, which, coupled with a slower growing population, resulted in supply outweighing demand.

Fortunately, according to the managing director of Momentum Wealth, Damian Collins, the market is beginning to rebalance, which will help buoy house values as we progress into the future.

Mr Collins said: “On the supply side, the report shows that the number of properties for sale has hit a two-year low, meanwhile the amount of new properties being built has returned to average levels after dwelling starts hit a record high in 2015. After three years of an imbalance, this tightening of housing stock will allow demand to catch up to supply and subsequently will help underpin property price growth going forward.”

Adding to the confidence that demand is catching up to supply, Perth’s population is starting to grow again, thanks partly to a strengthened labour market. For the first time in 12 months, Perth’s unemployment rate has dropped to be in line with the national average.

Mr Collins continued: “The research report explains that although Perth’s population growth has slowed following the end of the resources construction boom, it’s expected to rebound as the city’s labour market continues to strengthen.”

“Add to this the city’s encouraging housing affordability, which is the second-best in the nation only behind Hobart, and the report explains that more buyers will increasingly return to the market as job stability firms and the economy continues to gain momentum.”

Ensure Your Property Entices Your Target Buyer

Due to the apparent recovery of Perth’s real estate market, now might be the time to purchase an investment home, and if you need to ensure its interior appeals to your target buyer, we’re the company to call.

At Furniture Fitouts, our professionals can locate, purchase, deliver, and install all the furnishings you need to maximise your property’s value. Plus, if time is of the essence, we endeavour to have the whole process finished within three days. Contact us today to find out how we can help you maximise your return on investment.

Northern Suburbs Leading the Way in Perth’s Real Estate Market Recovery

New apartments being built on the corner of Labouchere Rd and Mill Point Rd, South Perth.

Recent reports suggest that Perth’s real estate market is bouncing back from its sixth downturn in 30 years, with house values being at their highest since 2005. Danger markets are disappearing, demand is catching up with supply, and the northern suburbs are currently leading the way.

Six months ago, Perth had virtually no growth areas, but 12 northern districts are seeing property prices rise steadily. Suburbs leading the way in the re-emergence of Perth’s real estate market include Carramar, Alkimos, Yanchep, Clarkson, Duncraig, Joondalup, Heathridge, Ocean Reef, Sorrento, Kingsley, and Innaloo Carine.

Is now the time to invest in property before house prices rise significantly? And, how can you yield the maximum return on your investment?

At Furniture Fitouts, we believe that there’s money to be made in property investing regardless of the state of the real estate market, but we’re excited about the prospect of Perth’s housing sector recovering. If you want to invest in a house but have too little time to rejuvenate its interior, we can source all the furnishings you need and complete the installation is as little as three days.

Why Is Perth’s Property Market Experiencing Growth?

Savvy investors know that the housing industry goes through a cycle, with bottoming out being the stage where supply outweighs demand and the upturn being the stage where property prices begin to rise once again.

It is believed that Perth is now entering the upturn stage, with 12 suburbs showing steady growth compared to just four suburbs three months ago. However, Lino Iacomella, executive director at Property Council WA, says continued growth depends on economic improvements and population growth.

Nevertheless, Mr Iacomella has confidence on the imminent future of Perth’s real estate market. Commenting on the increased sales activity in Perth’s northern suburbs, Mr Iacomella said: “It’s a typical forerunner to an improvement in the property market.”

“There’s a lot of expectation that within the next 12 months there’s likely to be a noticeable improvement.”

Who Should Investors Target?

According to buying patterns since the upturn, the northern suburbs are attracting families that have been renting properties until an ideal purchasing opportunity came along.

Lucy and Paul Barnes decided to buy a four bedroomed house in Kingsley after renting for four and a half years.

Mr Barnes said. “We’d been looking for the past few years on and off and decided now was a good time to buy.”

“It’s been handy in the current climate with lower interest rates and lower house prices.”

James Kennedy, a selling agent for Peard Real Estate Hillarys, reckons the Barnes family represents a typical buyer in Kingsley and other suburbs in the area.

Maximise Your Investment

Making a significant profit on a property investment means buying homes when prices are low and selling them at their highest, before the next downturn, making now an ideal time to snap houses up before the market tops out. However, to yield the biggest return on your investment, you need to stylise the property to entice your target buyer.

At Furniture Fitouts, our expert interior designers can prime your house for the market in as little as three days, and we’ll source, deliver, and install all your furnishings so that you can concentrate on marketing your house. Contact us today to learn more about our Perth home transformations.

A Multi-Billion Dollar Private Infrastructure Investment Represents a Huge Opportunity for Investors

Perth is on the brink of receiving a multi-billion dollar investment in private infrastructure, according to the research report titled Perth Private Infrastructure 2017 by Perth-based property investment advisor, Momentum Wealth. The money will be directed into shopping centres, apartments, and inner-city hotels.

Momentum Wealth’s research report details the city’s planned projects which are either already under construction or committed to. The projects include at least 40-large scale apartment complexes, 15 major hotels, and upgrades to shopping centres worth $4 billion.

According to the managing director of Momentum Wealth, Damian Collins, this imminent investment in private infrastructure could be a gold mine for property investors.

Mr. Collins said: “While these developments will create tens of thousands of jobs and buoy the Perth economy in the coming years, many of these projects will also enhance amenity in local communities, which will help to drive demand and prices for nearby housing.”

According to Mr. Collins, investors should act early if they want to maximise the profitability of their investment, as property prices are likely to rise in areas around where the investments will be made. However, we still may be waiting for quite some time before the effects kick in.

Mr. Collins remarked: “Although some of these apartment, hotel and shopping centre projects have started, the research report shows that the large majority of works are still ahead of us and will be completed over the next 2-4 years.”

Where Should You Put Your Money?

While the research report details the unprecedented building boom that’s about to take place, Mr. Collins advises investors to be vigilant when deciding where to make investments. He says investors ought to avoid investing in hotel developments.

“Hotel developments are typically limited to the Perth CBD, and while they will help stimulate the local economy by creating jobs, these projects won’t have a direct impact on property markets.”

Instead of focusing on hotels, Mr. Collins recommends investing in new apartment and shopping centre developments that will attract property hunters to the newly developed areas.

“The research report explains that investors should focus on metropolitan apartment and shopping centre developments that deliver more tangible benefits to local communities by way of new cafés, shops, restaurants and cinemas. New amenities that come with these projects will help buoy values of nearby housing as more people [will] want to live in these areas. It is these types of projects that investors need to consider when buying their next investment property.”

According to the research report, apartments in suburban areas will include retail, restaurant, and café offerings at ground floor level, and leisure outlets and main-street dining venues will surround shopping centres to ensure the surrounding areas stay active after 5 pm.

Don’t Forget Other Ways to Maximise Your Investment

At Furniture Fitouts, we know that the best way to make good on your investment is to not only search for properties in up and coming areas but also to ensure they have an impressive interior décor that appeals to property hunters. We complete fitouts to the highest standards in under three days, so if you need a quick turnaround and a high-quality finish, we’re the company to call.

Perth’s Elizabeth Quay Development Could Get Some Taller Than Anticipated Skyscrapers

Skyscrapers towering over 50 storeys could be built in the Elizabeth Quay development, transforming the project from a tourist attraction into a vertical suburb. The original development guidelines stated that buildings could be a maximum of 30 storeys, but exceptions could be made for exceptional architecture.

Developers are planning to build over 1,000 apartments, and though sales prices could fall between $763,000 and $1.5 million, homes will be available to low-income earners and first-time buyers thanks to proposals put forward by the Housing Authority.

These new plans for the waterfront development come as developers and city planners wish to bolster Perth’s global city status. Previous development guidelines limited the height of buildings to prevent overshadowing and maintain the city’s overall image, but the new proposals take these factors into account.

Colin Barnett, the former premier who oversaw the creation of the Elizabeth Quay development, said he didn’t have issues with any tower taller than 50 stories “as long as it is good architecture, the view ways are protected and there is no issue with overshadowing.”

The Constructions That Could Transform Perth’s Skyline

Brookfield, a developer, has put forward plans for a development named PERTH+, which includes a 51-storey tower at Elizabeth Quay’s Lot 5 and a 19-storey tower at Lot 6. According to Brookfield’s regional director, Nicholas Ozich, the tallest building – which will be Perth’s third tallest at 220 metres – would house 200 apartments, restaurants, a hotel, and commercial space. The smaller tower would mostly accommodate offices.

The new proposals diverge from the original development plans, with the Lot 6 tower heightened and the Lot 5 lowered, but the total square metres adheres to the planning framework

What Mr. Ozich describes as an “iconic design” has resulted from a competition that REX Architecture won last year. According to Mr. Ozich, there will be 75 percent sunlight across the development’s public realm year-round. If the Metropolitan Redevelopment Authority approves the plans, the tallest tower at Lot 5 will be completed by 2021.

In addition to PERTH+, developer Adrian Fini intends to build EQ West at Lot 2, which is a 52-storey building comprising of 484 apartments, a sky deck, and an art gallery, though the site was originally intended for a 20-storey construction.

Mr. Fini’s company, CA & Associates, said: “There is no more suitable location for iconic international architecture in Perth. This is the building that Perth has been waiting for to showcase its growth as a global city.”

The Housing Authority (HA) is in talks with the developer to buy apartments, and it plans to recoup the money through affordable rentals and shared-equity sales. HA acting director Paul Whyte said: “This would give first-homebuyers or lower income earners an opportunity to buy a home in a high-amenity location close to their place of employment and transport links.”

Experts in Interior Design

At Furniture Fitouts, we’re sure that if the proposals are approved, Perth has some stunning architectural masterpieces to look forward to, and iconic constructions should be complemented by an outstanding interior design. We specialise in complete home makeovers and guarantee a three-day turnaround, so whether you live in a luxury apartment or a quaint house in the suburbs, we’re the company to call.

Perth’s Western Suburbs Come Second in the Apartment Sales Race

Perth’s western suburbs took home the silver in the apartment sales race during the first three months of this year, narrowly missing out to the inner city. The western suburbs only had 12 active projects compared to the inner city’s 27. However, 55 apartments were sold in the suburbs, which is just 19 behind the 74 sold in Perth’s inner city.

In total, 258 apartments were sold across the Perth metro area during the first quarter, and there was a total of 134 active projects, meaning the western suburbs and the inner city accounted for almost a third of them. An active project refers to housing that’s finished being built or currently being sold.

The inner city’s performance is a huge improvement on the previous quarter, with just 48 apartments being sold in the three months before and including December compared to 74 in the first quarter of this year. Similarly, three more apartments were sold in the western suburbs in the first quarter compared to the previous one despite the housing market being quieter.

Referring to property sales at TRG’s Empire West at Perry Lakes, Mirvac’s Latitude at Leighton Beach, and Blackburne Property Group’s Aria in Swanbourne, Mr. David Cresp, the director of property economics and research at Urbis, said: “The apartments in the western suburbs are being sold to local people.”

There Could be Trouble Ahead

The total value of all apartment sales during the first quarter was $167 million, which is roughly the same as the previous quarter. However, these record sales – especially in the western suburbs where sales haven’t been as high since the final quarter of 2015 – we’re largely unanticipated, but experts say it comes down to unmet demand.

Unfortunately, Mr. Cresp says the apartment market is facing a challenge going forward despite the unmet demand, primarily because buyers are uncertain that apartments will retain their value. Plus, with it taking three years to make constructions ready for sale, it’s difficult to ensure supply meets demand.

“Real estate market confidence is a real problem because by 2020, in Perth, we will have an undersupply of apartments,” explained Mr. Cresp. “This year is going to be the peak level of supply.”

In Perth, apartments represent just 20 percent of the total number of dwelling approvals, which is significantly lower than Brisbane’s 40 percent, though that figure has fallen from the previous year’s 50 percent.

What Can You Do to Ensure Your Apartment Retains Its Value?

While the housing and apartment markets can be uncertain at times, and it’s hard to predict what the future holds, there are a few tried and tested tricks that can help you increase the value of your property. People want an apartment that’s ready to move in as soon as they’ve signed the contracts, meaning you need to make interior design a top priority.

At Furniture Fitouts, we may not be estate agents, but we are experts in interior design, and we offer complete packages to transform your apartment into a stylish masterpiece in the space of three days. From furniture to electrical appliances and cutlery to linen, we can renovate every aspect of your apartment to help you prepare it for the market and get a fair offer. Contact us today for more information.

Breathe new life into your bathroom with these 5 tips

Perth’s property market might have been relatively subdued in recent months, but that hasn’t put a dampener on the number of homes being sold. More than 600 properties were sold in the week ending June 13, an increase of more than 50 from the same time period a year earlier, according to figures collated by the Real Estate Institute of Western Australia.

How can I boost the value of my Perth home?

If you’re considering selling your home in the near future, you’ll naturally be thinking about what you can do to increase the value of your property. Hiring stage furniture in Perth is a simple and efficient way to quickly boost the perceived value of your home and help prospective buyers visualise how their lives would fit into the space. Of course, to really get top dollar for your home, you’ll also need to ensure that all the rooms in your house are looking clean, fresh and focused – and what better place to start than the bathroom?

Experts estimate that the bathroom accounts for 10-20 percent of a home’s overall value, a disproportionately high amount given that it’s typically one of the smaller spaces in a house. With a sale on the horizon, totally renovating your bathroom probably doesn’t make much financial sense, but there are a number of simple, cost-effective things you can do to breathe new life into your bathroom and achieve a higher sell value.

  1. Invest in new Tapware

You might not be conscious of it, but your eye is naturally drawn to the taps in your bathroom. If yours are looking a little outdated, it might be time to pick up some new tapware. Opt for a design and finish that complements the existing aesthetic of the space.

  1. Update your cabinets

With all the moisture in the air, bathroom cabinets can quickly start to deteriorate and detract from your bathroom’s overall appearance. Give your cabinets a lick of paint, replace any broken drawer handles and door knobs, and be sure to give all metal surfaces a good polish.

  1. Paint the room

If the paint on your bathroom walls is fading, chipped or outdated, it’s time to get the rollers out. Light colours are always a safe bet and will appeal to a broad range of buyers, but don’t be afraid to get a bit more creative if you want to. For a professional opinion on colour and decor, contact a Perth styling consultant.

  1. Rethink the lighting

Bathroom lights can be harsh and may cast wayward shadows over some of your bathroom’s best assets. Replace all your incandescent light bulbs with warm LEDs with a lighting output of around 3000k and have a play with the angle and/or brightness of any adjustable bathroom lights. If you want to take things to the next level, installing semi-flush mount lighting fixtures is an easy way to give your bathroom a more contemporary look.

We’re proud to offer a range of fitout services in Perth that can add value to your home. Give us a call today to find out more.

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For further details or to discuss any aspect of your prospective fitout please contact our Sales Manager.

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