Round the twist

These days there is no shortage of housing market data available, and for the most part, it provides a guide of how the market has performed in the past – be it in the last month, the last quarter or the past 12 months. Everything I am reading at the moment as well as the day to day feel of…

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How long is too long?

At what point do we consider that the price the owner and agent are looking for is too high?   I don’t really listen to what all the so-called experts would have you believe about how the property market has performed over the past few years. The fact is that it has been pretty flat for the most part with…

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Wembley Property Ladder

Fast Facts 26 properties for sale at the moment 18 properties listed for sale in Oct/Nov 90 properties have sold or gone under offer YTD 2014 Average days on market is now 53 Harborne St has the most listings (5) Daglish St has the most sales YTD (10)   Current Listings   Sales in 2014 Source: REIWA Disclaimer: All information…

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Perth property market pauses for a well earned break

The number of residential property sales in Perth fell sharply last week as agents and owners took an extended break over the Easter/ANZAC extra-long weekend. Just 61o sales were recorded, well down on the previous week’s total of 1060. Whilst the volume of sales were lower than the same week last year (923), there were only 2 working days in the…

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Every cloud has a silver lining

Like the rest of Australia I’m devastated by the recent floods in Queensland. The vision coming through the TV and the articles I’ve read in the newspaper is something I would expect to see in a third world country; not four hours away on the other side of Australia. The clean up costs will be enormous. Early estimates put the…

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Perth Residential Property Market Snapshot

As reported by REIWA today there were 986 residential property sales in Perth last week, up from 874 four weeks ago. In the same week last year there were 1279 sales so the volume is well down. Canningvale and Wattle Grove were the star performers of Perth with 24 sales apiece last week. Overall there are 15 475 properties listed…

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Why Sellers Wanting to Move Before Christmas Must Act Soon

Sellers wanting to be in a new home for Christmas have two weeks to have their house on the market. Why? According to the latest REIWA stats it takes, on average, 65 days to sell a home in Perth. Add a further 14 days for finance approval (and that’s being optimistic) and 21 days for settlement and we’re now up…

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Affordable suburbs drive Australian property price growth

Investors fill the first home buyer 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 cent in this quarter, moderating in most capital cities, however annual house price growth is still charging ahead at…

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New home sales down 10.7% in WA

Sales of new homes in Western Australia were down 10.7 per cent in May, as rising interest rates continue to dampen demand for housing, a peak residential building body says. Overall sales slid to a three-month low at a seasonally adjusted 6.4 per cent to 8,024 units in May following a 6.2 per cent rise the month before, the Housing…

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All not lost for first-time property investors – Perth Now

According to Perth Now first-time investors can still get into the market. But only just. Here’s the full story. The underlying value of property in areas favoured by investors can be largely determined by the weekly rent delivered. This is because properties that deliver high levels of weekly rent relative to the purchase price tend to attract more investors than…

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