September Perth Property Update – Spring Into Action!

Sale market update

Negative News Paper HeadlinesThe market has been consistently tightening with total number of properties for sale dropping by around 500 properties per month for each of the last 3 months leaving us now with 10,583 total properties for sale in Perth.

However with the negative headlines over the last 2 weeks focussed on a slowdown in China’s economy and reports of some major resource projects being put on hold,  some buyer uncertainty is surfacing and the number of sales per week is easing from high 700’s to low 700 sales per week.

I don’t pretend to know how global economics will impact our market but I will certainly continue to keep you informed. My feeling is that we will be remaining in this neutral market for some time, where properties that are priced right and marketed well are selling quickly.

Get your Perth property appraised to know the current market valueIts now much easier to know your homes market value

With the increased turnover of sales over the last 3 months, it is now a lot easier to appraise owners homes because in most suburbs we now have a decent number of the recent comparable sales to guide us… whereas 12 months ago finding even 2 recent comparable sales was a struggle.

This means it is a great time to get an updated appraisal, just to see where your property now sits in the market. Click here to request your online or onsite appraisal now.

Spring into action

Perth Property market springs into action

Spring is traditionally a high turnover period for home sales and many owners I am in touch with are using the improved weather to prepare their homes for a sale over the next month. With everyone being busy buyers more than ever are looking for properties they don’t need to do any work on. So taking the time to properly prepare your home for sale will definitely pay off. If you want any specific advice on what to do and what to leave for the next owner let me know.

I have also put together this handy report with a checklist for how to make thousands of dollars more from smart home presentation, click here.

Rental market update

The rental market has continued to tighten with the vacancy rate dropping slightly to 1.8 from 1.9% last month. We are finding that rental demand is not even and that tenants are being more fussy and selective. The newer homes that are well presented in prime locations have people lining up at the front door to rent them and those that are dated, in outer areas with 1 bathroom and no decent car accommodation are lucky to be getting the same rental when a tenant changes over.

Happy to help

If you need any specific property advice, I am only too happy to help you get all the information to make the smartest decision. Have a general question? Please post it below and I will make sure to answer it.

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