Perth Poised for a strong Real Estate market - 2019 01/02/2019
Perth median house price up five percent in December quarter!
As reported in REIWA’s latest press release, (January 15th), Perth's median property prices rose by 5% during the December quarter, further confirming that 2019 is set to be a year of consolidation with strong buyer activity and substantial increase in property transactions relative to 2018.
As already experienced in the December quarter of 2018, property prices in the lower to mid category are expected to rise as we enter the second half of the calendar year, with top end ‘blue chip’ properties to follow accordingly.
7 Norman Road, Roleystone
With Perth still remaining extremely affordable on a national scale, an increase in first homebuyer activity as well as substantial increase in the investor buying sector will ensure an overall relatively buoyant year for the Real Estate industry.
Supporting the strong local buyer interest is the vast amount of Eastern seaboard buyers, in particularly Sydney based buyers, no longer confident with their rapid declining market and now focusing on the more stable Perth market.
So with property prices likely to increase, there has never been a better time to buy Perth Hills Real Estate.
Now is the time to make the dream a reality.
Sam Saffioti