AUGUST MARKET WRAP

Rental property leasing and vacancy rates

Strong rental demand and falling vacancy rates continues to dominate the Perth market. The strong demand in the rental market continued through August with increases to the median rent, listing volumes and days to lease have been reduced.

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South Perth Suburbs July Market Update

Suburb Profile - Manning

Manning is an established suburb within the municipality of the City of South Perth. Development of the area began in the 1920s, but it wasn't until the 1950s and 1960s that any notable growth occurred. Manning's next growth spurt occurred between 1991 and 2006, but has remained relatively stable since.

Read more: South Perth Suburbs July Market Update

June Monthly Newsletter

We are in recovery in more ways than one!

Who would have thought we would be in this position just 3 months after COVID-19 restrictions were first introduced in Western Australia. Social distancing measures and restrictions have been eased not only in Western Australia, but around the country. This has resulted in the return to a more "normal" life earlier than initially expected. Unemployment figures have now been revised from the forecast of 10% in the June quarter. Consumer and business confidence is increasing weekly as the decrease of COVID-19 cases and restrictions are lifting around Australia. 

Read more: June Monthly Newsletter

South Perth Suburbs June Market Update

 

Suburb Profile - Salter Point

Salter Point is an affluent riverside suburb within the City of South Perth. Bound by the Canning River in the east, south and west, Salter Point has a total land area of two square kilometres. Major development occurred during the 1950s and 1960s with gradual increases experienced since the mid 1990s. The median house price is $927,500 with a population of 2847 and median age of 45.

A quintessential suburban existence is on offer in Salter Point. With many lovely homes lining the streets and some parkland to explore, the lifestyle in Salter Point is idyllic.

Read more: South Perth Suburbs June Market Update

South Perth Suburbs May Market Update

Suburb Profile - South Perth

The South Perth foreshore and peninsula wrap around Swan River offering one of Perth’s most renowned and spectacular views from Kings Park, the CBD Skyline to the Eastern aspect of the Perth Hills.

Read more: South Perth Suburbs May Market Update