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Scams, shortages, and surging prices: Inside today’s market
In this episode of The Smart Property Investment Show, managing editor Liam Garman and deputy editor Emilie Lauer discuss two timely matters: the growing cyber security risks in property transactions, and Perth’s milestone median house price.
Garman highlights the rise of sophisticated scams, including cases where hackers have intercepted funds during property deals, stressing the importance of verification and two-factor authentication.
He cites research showing that 97 per cent of buyers struggle to detect fraud, urging vigilance in all digital communications.
The conversation then turns to Perth, where median house prices have surpassed $1 million following a 9.9 per cent quarterly increase, driven by low stock levels and high demand.
The co-hosts explore contributing factors such as a tight labour market, government infrastructure projects, and a strong resources sector, all of which are limiting residential construction supply.
The episode also reviews national trends, with Australian property values rising 937 per cent over 40 years, though affordability pressures and potential interest rate hikes suggest slower growth ahead.
Rental trends were highlighted, showing unit rents now outperforming house rents in several cities, prompting investors to reassess strategies.
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