Archive for the ‘Market Update’ Category

Where is the Market at RIGHT NOW?

The age old question, and even when we meet people in social circles, it seems to be the one question we are constantly asked. How’s the Market? Is it a good time to sell? How long are we in this cycle for? I think if we had $1 for every time we get asked this question, we’d be multi-millionaires! But put simply, it’s will always be a difficult question to … Read the full post »

Perth Rental Market Improves in August


Article courtesy of REIWA Website 5th September 2018
The Perth rental market continues to show promising signs of improvement, with the vacancy rate falling to 4.5 per cent in August – the lowest it’s been since April 2015.

REIWA President Hayden Groves said the Perth rental market had shown encouraging signs across all key indicators.

“What we are seeing is a … Read the full post »

Quarterly Market Update

Preliminary sales activity in the Perth Metro region has experienced inclining trends during Quarter 1 2018. A total of 2,283 house transactions have settled so far for the quarter at a median house price of $499,000. reiwa.com data suggests that once further transactions settle, total house sales will count close to 5,163 with a median price of approximately $517,000. This would represent … Read the full post »

March 2018 quarter statistics – rental market

Things are finally starting to look up for investors, with median weekly house rents recording quarterly growth for the first time in almost five years. With weekly house rents up 1.4 per cent to $355pw during the March quarter and vacancy rate down to 5.1%.

Following a prolonged period of price declines and a rise in listings, the rental market in Perth is … Read the full post »

Selling a property with tenants?

With the average selling days on market at an all time high, we are constantly asked by clients, can we sell our property with a tenant in it?

It’s not just a straight forward answer, and something that should be considered carefully.

Selling a tenanted property often makes financial sense for investors. Not only do you need to sell at the time that’s right for … Read the full post »

PERTH METRO UPDATE JULY 2017

https://youtu.be/mjAK0Kt1zxQ

Tenants very active in Perth rental market as leasing levels rise

Thank you to author: REIWA President Hayden Groves, and REIWA for allowing us to share this with you.

“Although Perth’s rental market has faced its share of challenges in recent times, positive signs are emerging with listing stock beginning to level out and the median rent price starting to steady.

Additionally, there has been a notable increase in the number of rental properties being tenanted, … Read the full post »

Perth Property Market Update

Interesting overview of the Perth Property Market. Dr Andrew Wilson – Chief Economist for the Domain Group, comments on the Perth Property Market. From 2:57 is where it becomes very relative to our local market. WA has the highest rate of 1st home buyers currently entering the market compared to other states. This is a positive sign that buyers are seeing great value … Read the full post »