Perth houses selling 27 days quicker in September

According to the latest reiwa.com data, houses in Perth are selling 27 days faster in September compared to one year ago, taking a median of 28 days to sell rather than 55 days.

REIWA President Damian Collins said it is pleasing to see the established market doing well.

“While the data shows we are seeing improvements, agents on the ground have reported high levels of interest in residential property and multiple offers being put forward on some new listings,” Mr Collins said.

Why are we seeing this trend?

“In September there was a 20 per cent decrease in the number of properties for sale on reiwa.com compared to the previous year. This combined with low interest rates and a return to stronger population growth explains why we are seeing houses sell at a quicker rate.

“While the market overall is on the improve, some suburbs are going better than others, with the top 10 selling suburbs in September all selling well under Perth’s median of 28 days.”

“With low stock levels and faster selling days, we can expect the median sale price to start increasing over the coming months. For those who are looking to sell, now might be the time to contact your local REIWA agent,” Mr Collins said.

Clifton & Central: The Story

Watch this video to hear the story and vision behind Clifton & Central directly from developer Tim Willing

https://www.cliftonandcentral.com/ourstory

Clifton + Central Display now open!

We are extremely excited to announce that the Clifton + Central Mount Lawley display is now open! To book a private appointment email stephen@boutiqueproperty.co or call 0416 095 906

Positive market movement for the WA Property Market

REIWA has released data confirming the number of transactions for property sold in the first 2 weeks of May exceeded total number for April 2020. This is a positive sign for the Perth property market. You can read the full article here

Client Testimony

A wonderful testimony from our client James Anderson. We strive to go above and beyond to provide the best possible service to our clients.

“We were introduced to Stephen and Boutique Property Co through a mutual friend. We were looking for an Agent who was attentive, honest and able to sell our property both quickly and for a good result. Stephen was all of the above and pivotal in achieving an excellent result. Our property was listed quickly and presented well through Boutique’s presentation, signage and presence. The lines of communication were always clear, we were kept up to date regularly and made to feel comfortable. The honest advice was not pushy and Stephen took the time to listen to us. Offers on the property were negotiated clearly, Stephens advice proved to be true and the sale went through very smoothly.  We really appreciated Stephen's laid back but professional approach. We have continued to stay in Contact with Stephen and will ask him to be our agent again.” James Anderson

Perth Property Prices Edge Up

Perth’s subdued property market is seeing a glimmer of hope as house prices rebound for the second quarter in a row for the first time since 2014, a new report shows. House prices edged up by 0.7 per cent to a median $537,013 in the December quarter, the Domain House Price Report reveals. 

SISKAS Apartments now under construction

Siskas the final building within the highly successful Taskers waterfront development is now under construction! Architecturally designed and crafted by leading Western Australian builder and developer Gary Dempsey, Siskas at Taskers offers unrivalled river views, resort-style facilities, extensive private gardens and inimitable design and building technology. It is undoubtedly the finest apartment development in the Western Suburbs

Perth Property Prices Predicted To Rebound: 2020 Forecast

Glimmers of hope are ahead for Perth’s property market with prices predicted to rebound in 2020, according to Domain’s property price forecast

“A number of fundamental drivers of prices suggest a turnaround for Perth,” Mr Wiltshire said.

“Annual population growth is predicted to increase to 1.5 per cent in 2020 (from 0.9 per cent in 2018), interest rates are lower, the Australian dollar has fallen, the mining outlook is now ​much stronger​, there is ​a growing demand for workers​ and unemployment is expected to fall.