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Category Archives: Market Trends
Perth property market continues to soften as listing stocks balloon
In a sign of continuing market weakness the number of residential properties listed for sale in Perth jumped considerably last week. Total listing stock now stands at 16 309, up by 288 on the previous week. Just four weeks ago … Continue reading
Perth property price discounting jumps sharply
The percentage of Perth sellers dropping their price to achieve a sale has risen sharply to 67 percent according to figures published by REIWA today. In some suburbs that percentage is far higher. The proportion of sellers discounting is higher … Continue reading
More good news for home buyers as market softens further
REIWA’s Perth Market Fast Facts this week brought more good news for home buyers. The news is not so welcome for sellers. In another sign of weak market confidence the number of residential listings soared to 16 021. Just 4 … Continue reading
Perth Property Market Sales Volume Falls Sharply
Sales of Perth residential properties fell sharply in the last week with a 831 sales reported across the metro area. That’s around 20 percent lower than the 1050 recorded 4 weeks ago but still well up on the sub-600 sales … Continue reading
Median Price Suburbs Brace for Bad Real Estate News
Perth is currently the worst performing capital city in Australia. In the three months to the end of August property values here fell by a touch under 5 percent. That’s a lot! RP Data claim that it’s the top end … Continue reading
REIWA Statistics Point to Stabilising Property Market
The latest REIWA Perth Residential Property Market Fast Facts have just been published. There are some key indicators pointing to a stabilising market. The number of properties on the market has dropped. This week there are 15 455 residential properties … Continue reading
Demand in affordable areas drives house price growth
Investors fill the gap AAP Solid house price growth in the June quarter has been driven by robust demand for properties in Australia’s more affordable capital city suburbs, according to Australian Property Monitors’ Quarterly Housing Report. Nationally, house price growth slowed to 2.4 per … Continue reading