“The data for the June quarter 2017 clearly shows an uptick in activity on an annual basis across the board, which is pleasing," said REIWA president, Hayden Groves.
The REIWA is proposing the WA state government reintroduce a $3,000 first-home owners grant for purchases of established homes, says Hayden Groves, president of the REIWA.
It takes around 70 days to sell a property by private treaty in Perth, says Hayden Groves, president of the REIWA, but sellers who go to auction are achieving sales in as few as 28 days.
Perth property investors are set to benefit from substantial private infrastructure projects, including in apartments, hotels and shopping centres, and are advised to target projects with tangible benefits.
Pace of decline in Perth property prices steadied in June quarter
Though 54% of sellers had to lower their asking price in the three months to June, the size of the discount has levelled out at 6.5%, preventing the median price from falling futher.
Perth leasing activity jumped 32 per cent in May, after the Easter and ANZAC Day holidays slowed down the market in April, says Hayden Groves, president of the REIWA.