The Perth residential property market has experienced a steady start to 2022. From April 2021 there has been an annual increase of 6.7% with the median house value being $522,128. Residential Real Estate agents are continuing to report a lack of listings and supply with continued strong demand, which is creating a competitive Perth residential…
The Perth residential property market is improving as we start 2021. There is increased buyer activity, building activity is booming and the residential vacancy rate is at an all-time low. REIWA (Real Estate Institute of Western Australia) reported on 4 January 2021, there has been a “significant increase in buyer activity” in December which is…
Since mid-March of 2020, the Coronavirus (COVID-19) has had a major impact on the world economy and is now showing signs of affecting the Perth residential property market. The Australian reported on the 2 April 2020 that “A collapse in residential property sales numbers is inevitable but the extent of price falls may be dependent…