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Perth tenants should brace themselves as rising house prices, improving economic conditions and more newcomers to the state combine to force up rents this year, a leading property researcher says.

The latest rental report by Australian Property Monitors shows asking rents in Perth have increased in the first three months of the year.

The median weekly asking rent for houses in the metropolitan area is now $370, a $10 increase on the previous quarter and the first rise in more than a year, while units increased $8, to $358.

But with rising house prices, increased rents have not led to increased yields. The gross yield for houses is now 4.06 per cent, while units are yielding 4.62 per cent.

That leaves Perth ahead of only Melbourne among all state capitals.

APM economist Matthew Bell said he expected Perth rentals to increase a further $10 a quarter for the rest of the year, with a strong resources sector and population growth the driving factors.

But this was unlikely to be fast enough to maintain yields, which would drop slightly as house prices rose further. The median Perth house price is believed to have passed $500,000.

Really, the outlook for both rents and house prices is pretty strong,” he said.

“Yields will probably soften again, but historically they are at pretty good levels.”

Houses were usually bought by investors for capital growth, with units offering better yields, Mr Bell said.

Meanwhile, the Urban Development Institute of Australia said its own research showed a six-month delay in planning approval could add 7 per cent to the price of an average block in the metropolitan area.

UDIA WA chief executive Debra Goostrey said developers were doing what they could to ensure “affordable” land was being made available during a time of increasing prices.

“We also need the support of a fast and efficient planning approvals process to avoid costs associated with delays,” she said.

Her comments follow those last week by property researcher Terry Ryder, who said claims of housing shortages were a beat-up by property industry lobby groups.

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Skytrax World’s Best Low Cost airline, AirAsia welcomes 2010 with a BIG Regional Sale! The leading airline makes flying more affordable by offering airfares from as low as *RM19 for its domestic and international routes (excluding Thailand domestic routes and London).

The sale will run from 19 – 25 October 2009 for the travel period from 11 January 2010 – 30 April 2010. The incredible low fares offered by AirAsia are available to all of its Asia destinations including the Middle East departing from its hub from Kuala Lumpur, Kota Kinabalu, Bangkok, Bandung, Jakarta, Surabaya and Bali including Penang and Johor.

To make the deal sweeter, Go Holiday, AirAsia’s own online travel portal is also offering attractive holiday packages in conjunction with the 2010 Sale Campaign. Guests can book their packages via http://goholiday.airasia.com, from as low as RM112 per person for domestic packages (with flight, 3 days 2 nights hotel stay inclusive of breakfast) and from as low as RM199 per person for international packages (with flight, 3 days 2 nights hotel stay).

Exciting holiday packages on offer under the heritage sights include destinations to Seam Reap, Hanoi, Guilin, Yogyakarta, and Hangzhou. Those opting for a domestic vacation may book holiday packages to Langkawi, Penang, Kuching, Kota Kinabalu and Johor Bahru. For our shopaholic enthusiast, guests may opt for a shopping spree holiday package deals in Bandung, Bangkok, Singapore, Hong Kong and Taipei and those who are all for city sights, Dhaka, Tianjin, Perth, Melbourne and Abu Dhabi package deals are on offer.

For the Sun-Sand-Sea lovers, dream no more as holiday packages to Bali, Phuket, Krabi and Colombo are also available. Check out our online travel portal as there are more exciting holiday packages to many exciting destinations available.

Promotional seats are limited and available on first-come, first-served basis and made exclusively available online via www.airasia.com and mobile.airasia.com.

Source  :  www.etravelblackboardasia.com

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RELIEF may be in sight for renters who have been hit in the hip pocket by skyrocketing rents over the past few years.

There has been a small decrease in rental rates across Australia’s capital cities over the June quarter, suggesting rental yields may have hit their peak, leading property statistics agency RP Data says.

Weekly house rents fell by 3.5 per cent nationally over the June quarter while unit rents dropped 0.6 per cent.

The largest fall was in the Canberra market with a drop of six per cent for the June quarter in the housing market, where the median weekly rent fell from $530 in March to $498 in June.

The only mainland capital city to experience a nearly six per cent rise in rent was Darwin, where renters can expect to fork out about $100 more per week than those in Sydney, where rents dipped by about five per cent.

“It now appears that the rental market may have peaked with national weekly median rents falling slightly in each month post March 2009,” RP Data’s Tim Lawless said in a statement.

“And with rental rates now coming off the boil and property values rising we are seeing the first signs that rental rates are eroding.”

Rental vacancies remain tight across the nation with all capitals recording less than three per cent vacancy in stock.

Source  :   www.news.com.au  

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The Perth Convention Bureau has secured 88 new business events for Western Australia worth an estimated US$66.6 million to the local economy.

Achieved against the backdrop of the global economic crisis, the US$66.6 million, end-of-financial-year result saw the bureau exceed its 2008/09 delegate expenditure target by US$2 million.

The events, which consist of national and international conferences, corporate meetings, and incentive groups, are expected to attract an estimated 35,500 delegates to Western Australia over the next four years.

Bureau managing director Christine McLean described the result as a “fantastic achievement” in what has been an extremely difficult global economic environment.

“This result demonstrates the resilience of the business events sector and why the state government has committed increased funding to attract high-yield visitors,” Ms. McLean said.

“In the short term, the global economic crisis is impacting on our business with reduced delegate numbers at conferences and fewer corporate reward programs being booked, but the long-term prospects for the business events sector look extremely buoyant.                                                                                                             DOT_Scenery_09_Perth_Australia

“In spite of all the global communication options available these days, people still prefer to meet face to face.”

A string of significant medical conferences contributed to this year’s healthy scorecard of conference bid wins.

Among these include the Royal Australian College of Surgeons Annual Scientific Conference in May 2010 (2,800 delegates); the Australian and New Zealand College of Anaesthetists Annual Scientific Meeting in May 2012 (2,000 delegates); National Alcoholics Anonymous Convention in April 2011 (1,550 delegates); and the 11th National Rural Health Conference in March
2011 (1,200 delegates).

Ms. McLean said that the events will further Perth’s reputation as a leading center of medical research excellence.

“Perth’s reputation for, and expertise in, hosting major medical and science meetings is growing internationally and will help to position Perth over rival international destinations in the future.”

Given that the bureau’s new business events target has increased to US$81 million this year, it will be critical to position Perth and Western Australia front and center in the minds of event decision-makers around the world.

The expansion of the PCB’s Convention Scholarship Program and the creation of the new Business Events Brand for Western Australia are expected to lead to both an increase in opportunities and exposure for the destination.

“The scholarship program, which has already been hugely successful in unearthing local conference hosts and bidding opportunities through partnerships with Perth universities and the city of Perth, will be expanded to run in conjunction with Perth hospitals.

“Since the program’s inception, an estimated US$46.33 million worth of meetings has been generated on disciplines ranging from environment and education to engineering and resources. By including Perth’s top hospitals in the initiative, we aim to further profile the state’s expertise in the areas of medical research and health sciences.

“Add to this the launch of the business events brand for Perth and Western Australia, which we expect will attract unprecedented international and national exposure as a business events destination, and we are in a strong position to achieve our 2009/10 target.”

The bureau has been responsible for marketing Western Australia as a destination for business events since 1972. The business events industry is the highest-yielding sector of the tourism industry, with international delegates spending six times that of the leisure tourist.

Source  :  www.eturbonews.com

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alliedhealth4Skilled health professionals in the west of the UK are being given the chance to find out about a new life in Australia at the Down Under Live event in Cardiff. on the 11th July. 

There is currently a significant shortage of doctors, medical specialists and nurses in Australia, particularly in regional areas. One of Australia’s leading healthcare recruitment companies, HealthStaff Recruitment, will be coming from Australia to interview candidates for positions in Sydney, Brisbane, Adelaide and other cities.

Candidates will also be able to talk to a range of companies that will make the move possible, including migration agents, state governments, banks and shipping companies.

Tickets are free to any skilled professionals in the healthcare professions. For further information or to apply for tickets, go to www.emigrationseminars.com/cardiff.php

Source  :  www.australiamagazine.co.uk

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19 – 20 June 2009

The Perth Convention Exhibition Centre                                                           careers_big_window_img2

The National Careers & Employment Expo brings careers, employment and training opportunities to the general public by connecting organisations with thousands of career minded individuals. The Expo provides a non-threatening environment which enables employers, education and training providers to communicate directly with potential candidates. Operating in regional & metropolitan areas throughout Australia, the Expo also focuses on the broader aspects of ‘living, learning and working’ in Australia.

Through the continued support of State and Federal Government, leading organisations and major media groups, the National Careers & Employment Expo has become the largest careers & employment event in Australia. 

With free career advice, real jobs on offer and an abundance of information available, this event is not to be missed, and best of all admission is FREE

For more  information please visit our website www.pcec.com.au  or 

 CALL  1300 66 71 21.

 

 

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