Perth Hills continues to be… ‘as steady as she goes’

Perth Hills continues to be… ‘as steady as she goes’ 01/09/2015

The Perth Hills Real Estate market continues to out perform almost every other sector of the Perth Metropolitan region. Whilst some areas have seen substantial price discounting, the southern hills region and in particular, Roleystone, Bedfordale, Mount Nasura together with the Kelmscott hills is still performing at a steady pace.

The present market conditions are one of a more ‘normal’ and ‘stabilised’ market. Unlike the ‘peaks and troughs’ of the real estate market say 15 or so years ago where we would see market fluctuations every 4 to 5 years, our property cycles now are literally every six to twelve months and hence, the understanding of what a normal real estate market is, becomes lost by the average real estate buyer and seller.

Whilst we have not seen a significant adjustment of property prices in the Perth Hills, we have seen a minor correction and in most instances representing around 2.5 to 5% of a properties initial listing price. This minor price adjustment has had a positive stimulant type effort on the market with savvy buyers recognising value and wasting no time in snapping up well priced properties.

Furthermore with the best selling time in the Perth Hills still ahead of us this year and with interest rates likely to rise over the next quarter, I have absolutely no doubt that there will be a ‘mini’ rush by buyers to secure their dream by the end of 2015.


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