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ACTON Central enjoys solid PM growth in Dec

09 January 2013 Simon Parker

ACTON Central added the most new managements for the Western Australia-based group in December, new data shows.

Located in Subiaco, in Perth, ACTON Central added 10 new managements in December, higher than ACTON South with six and ACTON Hills with four.

Based on the first six months of the financial year, ACTON West Coast leads the group’s overall portfolio growth chart, followed by ACTON South West and ACTON Rockingham.

The figures were announced in the group’s most recent newsletter, which also signalled good times ahead for the broader property market in WA.

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“We posted some record figures over the year, with strong sales figures posted month after month,” said Graeme Baxter, managing director at ACTON, in his company’s most recent weekly newsletter.

“I am very confident in stating that the market is in a recovery phase and I feel things can only get better in 2013.”

Late last year the company said its sales for September, October and November combined were 44.1 per cent higher than for the same period in 2011.

Mr Baxter pointed to the strength of the state’s economy for his positive outlook.

“Our economy is performing well and is underpinned by strong government investment in infrastructure,” he said.

“The rest of the nation obviously feels our state has a lot to offer with record numbers of people moving to Western Australia. According to the Australian Bureau of Statistics (ABS) a record 41,000 people (or 112 per day) moved here from elsewhere in Australia.

“When you take the number of Western Australian's leaving the state into account, a net 11,085 interstate migrants moved out west. Including overseas migration, Western Australia's population grew by 3.3 per cent, or a record 78,000, in 2011/2012 to reach 2.4 million. By comparison, nationally the growth rate was 1.61 per cent.”

ACTON Central enjoys solid PM growth in Dec
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