Investors depart

10/May/2011

Comments:

THE latest REIWA figures for the December quarter 2010 show investors accounted for just nine per cent of all property buyers in Perth.

According to Karenna Tucker, marketing manager of tax depreciation company DEPPRO, property investor activity declined in areas such as Rockingham from a traditional rate of over 20 per cent of all property buyers.

Ms Tucker said with the Perth investment market poised for a major rebound over the coming year, astute property investors were using the cash flow generated from claiming their tax allowance related to depreciation on property to build large property portfolios.


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