Perth Housing Market Overview

July 2, 2018


As we enter the new financial year, I wanted to share some useful research and insights we've seen from various sources, over the last month.

 

They key highlights are:

 

  • The worst has passed for the Perth residential market, as it slowly stabilises.

  • The WA economy is gaining momentum and the drag from the boom is dissipating.

  • Demand remains weak across the Perth market, but it’s showing signs of improvement with falling ‘time on market’ and ‘vendor discounting’ is steady.

  • Apartment supply will fall significantly in 2018 due to tight development financing conditions and slow pre-sales.

  • The lower price point of the market is attracting interest from east-coast investors.

  • Perth is expected to see "minimal growth" for the next couple of years, before it sees "stronger growth" in 2021.
     

I hope you find this information useful in setting your property goals moving forward. As always, if I can be of any help please contact me anytime.

 

Dan

 

 

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ARENA Real Estate
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PERTH WA 6000

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