Perth Property Market Updates

Spring is in the air and with the change of season we are seeing real changes in the activity levels within the Perth rental and sale markets, we take a deep look into what that will mean for us. For landlords we also take a look at some very interesting findings on how to attract and retain a good tenant.

Welcome to the June Perth Property Update where we bring you a mid-year review on the Perth rental and sale market with special input from our Denise Thompson – REIWA Property Manager of the year for 2010.

We also take a closer look at the psychology behind the choice of Meeting the Market when selling or renting a property and the factors that come into that decision.

Welcome to the first Perth Property Update for 2011, where we bring you the latest on what is happening in the property market as well as take a closer look at the white elephant in the room that everyone seems to be ignoring…. The Affordability Factor! We are also lucky enough to have insights from our own REIWA Property Manager

This market is presenting us all with some unique opportunities that can be right under our noses when we are not looking for them. Read on to discover how you could take advantage of this property market.

Does it get any better for buyers?

Only time will answer that question but it certainly is a great time to be shopping for a new home or investment property!

Since our last September update, with the coming of Spring we have seen property listings in WA increasing every day from the then 19,573 to the now 20,966 (Source: RP Data).

We would normally expect extra supply of properties during Spring… it’s traditionally one of the best time for owners to sell their home… the only problem is that the warm weather has not brought the buyers out in equivalent numbers

Its hardly any wonder that confidence is down in the property market after the run we have had over the last 4 months. First of all there was Kevin Rudd’s bright idea to play with the mining tax….

So what are my crystal ball predictions for the next month and quarter?…..

Who Pressed Pause? Despite still having strong underlying economic fundamentals in WA, for the time being confidence is down and the property market has been put on PAUSE. With selling homes in 14 different suburbs across the Perth metro area over the last 3 months, I can categorically say that buyers have dried up and those that are in the