Perth Hills continue Market Dominance

Perth Hills continue Market Dominance 01/08/2015

In what is becoming almost an expectancy, real estate market analysts once again confirm the Perth Hills and in particular, Roleystone, Mount Nasura and Bedfordale are ‘backing’ the trend and seeing a continuation of strong sales with evidence of buyers re-entering the $900,000 plus category in 2 days. The recent sale of a property of a $950,000 property by RRE is a clear indication of the current strength of the local market place.


The marketplace has again demonstrated its continuation of solid strength with strong buyer activity following on through from May. Smart investors and home owners alike are scrambling to secure ‘cheap’ funds as they see the time right now as been an unprecedented opportunity to expand their investment portfolio or trade up to their dream family residence.

Worth noting is that here at RRE, we are seeing a pattern develop of buyers trading up from their existing residence, however interestingly they are choosing to hold onto their current property and directly finance their new purchase.

So why is this of importance?... Simple. If the vast majority of buyers choose to not sell their existing property and purchase another outright, it will invariably lead to decline in the amount of listings available invariably resulting in an increase in property prices especially in the lower to mid-range price sectors where a significant number of buyers are trading up from.

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