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Real Estate Marketing Giant Tips Rockingham as a Top Ten Perth Suburb for Capital Growth in 2016

Announcement posted by Smartline Rockingham 25 Jan 2016

Mortgage brokers at Smartline Rockingham reveal why Rockingham is seen in such high esteem by economists and first home buyers.
Rockingham, WA, 25 January 2016 - 2015 did not go as planned in the Perth property market. Many projected that the market would continue on a slow growth pattern, but the Perth market dipped slightly in 2015. Some markets were flat, some were down and some grew, but the overall effect was seen as a “market correction” by many.

Recently, real estate marketing firm Domain Group released an official company statement from their Senior Economist, Dr Andrew Wilson. Dr Wilson expects housing prices in the Perth market to continue a slight slide into 2016, but rally by the end of the year for a net growth of 2%. However, even during a year of market correction, he does project growth of 4%, double the average, in a number of suburbs.

One of those suburbs is Rockingham, which Dr Wilson sees as a great bargain for first home buyers. Rockingham has made a transition from sleepy fishing village to seachange destination to projected hot suburb. It is located 47 km SSW of Perth and is 45 minutes from the CBD. Transport to the Perth CBD is convenient via National Highway 1 or via train on the Mandurah Line.

It is seen as both tourist-friendly and family-friendly, with a host of amenities. These include two major shopping districts, the beach, the Shoalwater Island Marine Park, golf, a full array of watersports, wineries and dining.

Feedback from Mortgage Brokers in Rockingham is Positive

The mortgage brokers at Smartline Rockingham are confident about their home area and not surprised to see their city on Domain’s list. According to Justin Smith, Principal Broker for Smartline Rockingham:

“We know the Perth market is down a bit, but we really haven’t seen as much of a slowdown here as they have in many areas. Rockingham has a lot going for it. While we have a lot of attractions that tourists enjoy, we are also the most family-friendly area in the Perth market. That is why our neighbours in Baldivis enjoyed such a housing boom the last four years and why they are still providing capital growth for homebuyers. People really want to live here because it is such a great place for everyone from young families to retirees.”

Mr Smith continued: “We know the market didn’t grow a lot in 2015, but that development is giving first home buyers and investors a great opportunity. Prices have stagnated but interest rates are still low. A lot of people are finding that right now is probably the lowest entry point into the market they are going to see for a long time. Those who take advantage of it now will probably be glad they did so by about 2020.”

Mr Smith concluded, “We agree with Domain Group: Rockingham will be a great value for young families and first home buyers this year.”

The mortgage brokers at Smartline Rockingham offer access to credit products from 28 different lenders. They offer home loans and business finance in the Rockingham area. They have been Rockingham’s most trusted mortgage brokers since 1999. To learn more or to talk to a mortgage broker, call 1300 958 730 today or visit their website: http://www.mortgagebrokersrockingham.com.au/.