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.
An exquisitely designed and built home on Geographe Bay, WA, is for sale
An architect designed and custom built home fronting the serene Toby Inlet in Dunsborough, Western Australia, is for sale through Ben Jecks of JMW Real Estate Dunsborough.
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.
First-home buyers from the eastern states should consider an investment property in Perth, says Paul Curran, principal of Raine & Horne Rockingham Beach.
‘Long overdue’ WA strata title reform welcomed by industry leaders
Leading industry bodies, including the Real Estate Institute of Western Australia, have welcomed the Western Australian State Cabinet's decision to continue with strata title reforms.
This historic warehouse conversion, designed by Scanlan Architects, has city views and spans an entire floor on King Street in Perth's CBD. It is for sale by Richard Mathlin and Callum Davidson of Knight Frank.