Market Snapshot… Perth Property Sales Increase by 19%!!

Market Snapshot… Perth Property Sales Increase by 19%!! 01/11/2016

In line with our expectations here at RRE and affirmed directly in our past FOUR editions… the Perth property market is headed for its best quarter since mid 2013.
 
As reported in the REIWA news for the week ending October 18th, the number of transactions increased by 19% with 626 sales recorded for the week.
 
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The significant increase in sales activity can be attributed directly to the adjustment in property values; that is, that savvy real estate buyers are recognising the brilliant value which current Perth property prices represent. Furthermore, they are acutely aware that prices will not stay at this level indefinitely, and are ensuring they ‘don’t miss out’ as expected values commence to rise accordingly.
 

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