Hello Rivella,
Sorry, I did not have time yet to look at your idea.
But it seems that market conditions for apartments in Perth are really good at the moment.
According to a recent article from Perth Now, Perth vacancy rate has decreased to the lowest level in 13 years to 0.93 % (source : REIWA data). As a result, rents on new leases are increasing. However, investors remain cautious due to emergency tenant laws which are preventing evictions and a rent increase on existing tenancies.
This looks like a sharp contrast with what's happening in Sydney and Melbourne, where there is a clear deterioration of vacancy rates.
CWP seems cheap and well positioned, page-21
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Last
$4.90 |
Change
0.100(2.08%) |
Mkt cap ! $403.8M | |||
| Open | High | Low | Value | Volume |
| $4.81 | $4.90 | $4.77 | $179.3K | 37.25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2263 | $4.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.90 | 15676 | 2 |
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| CWP (ASX) Chart |