We are very excited to announce that Maraboo Island Coogee is now sold out and under construction. We cant wait to see this spectacular development come to life.
Perth Market Snapshot for the week ending 29 August 2021
Sales activity increased eight per cent in Perth last week, with REIWA members reporting 931 transactions.
This increase can be attributed to a three per cent increase in house, a 23 per cent increase in unit sales and an 18 per cent increase in vacant land sales. acant land sales declined 19 per cent during the week.
Properties for sale
There were 8,503 properties for sale in Perth at the end of last week, which is in line with the previous week.
A closer look at listing stock levels shows house, unit and land listings were all stable over the week.
Last week's total figure is three per cent higher than four weeks ago and 21 per cent lower than a year ago.
Perth rental market
REIWA members reported there were 2,379 properties for rent in Perth at the end of last week, which is six per cent less than the previous week.
Last week's rental listings figure is 11 per cent lower than four weeks ago and 26 per cent lower than the same time last year.
Leasing activity increased five per cent in Perth last week, with REIWA members reporting 804 properties leased.
View our Perth Market Snapshot graphic for a complete breakdown of the past week.
Perth is currently Australia's fastest growing major market
CoreLogic data revealed that Perth’s home value index lifted 1.6 per cent in January and 3.8 per cent compared to three months ago, currently making it the fastest growing major market in Australia.
REIWA President Damian Collins said reiwa.com data supported these findings, with Perth’s median house price increasing to $490,000 in January.
To find out more visit the article below.
https://reiwa.com.au/about-us/news/perth-is-currently-australia-s-fastest-growing-major-market/?utm_source=Pardot&utm_medium=email&utm_campaign=reiwa.com%20newsletter
Why November marks a turning point for the economy (and house prices)
The Australian economy is now in recovery mode with almost all economic data showing a faster rebound than expected in the wake of the coronavirus crisis.
According to the latest Australian Bureau of Statistics data, the number of people employed in Australia grew by 178,800 in October despite economists predicting a 27,500 drop. Retailers are expecting a big Christmas with retail trade up 7.3% compared to October last year, even with continued declines in Victoria.
To find out more visit the article below.
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
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.