Perth housing values continued to accelerate in November, posting the largest monthly gain in 32 months, according to CoreLogic data. The 1.9% increase represents a new peak and the eighth consecutive month of growth.
Listings for sale in Perth were almost 40% below the five-year average for this time of the year, and purchasing activity is high. The result of the imbalance in supply and demand is that housing prices are steadily being pushed upwards.
Recent Domain data also shows that the suburbs where houses are snapped up the fastest were not the highly competitive suburbs of Sydney or Melbourne. Perth suburbs were the fastest selling in the country.
With interest rates being left on hold until February next year, the future is looking bright for the Perth property market. Perth is still a very affordable capital city which represents good value, and that is further supported by a very tight rental market.
Over 40% of the properties the team at Resolve Property Solutions secured throughout November were either pre or off market. Here’s a small sample of the properties purchased during the month:
Happy Holidays From The Team At Resolve
Our team has worked hard throughout 2023 to source and inspect as many suitable properties as possible for our clients. As well as securing properties which met our clients brief and budget, we also searched for off-market opportunities where possible, providing additional options, and always ensured they brought the right property at the right price. This year we saw record low stock levels and properties selling remarkably quickly.
Whilst our team will be taking a short but well earned break between Christmas and New Year, we will be back at the start of 2024 to help you on your property journey. If you would like to discuss your property requirements and strategy with our Buyers Agents, book your free consultation here.
What’s Happening In The Perth Property Market?
In the past twelve months alone, we’ve helped over 120 clients close deals in high growth, high cashflow locations, while taking care of all the paperwork and dealing with the agents so you don’t have to.
What’s more, we’ve saved them thousands through our intimate market knowledge, vast off market referrer network, decades of experience in development, planning, investing and our ‘in the trenches’ up to the minute live pricing models.
You may feel you’re already a good researcher, negotiator and deal finder and you probably are – for your level of experience.
However the reality is – we’ve closed over 120 deals in the past year, developed a vast network of referrers over the past two decades, and built a team of full time researchers, deal finders and relationship builders to ensure that if anything happens in the Perth property market – we know about it….first!
Maximise your options by accessing off market deals, giving you more properties to choose from, save time and avoid all the hassle, as we take care of all of the inspections, research and negotiations for you.
If you’re ready to enjoy the same success as our clients, please book your complimentary vision analysis session today!
Resolve Property Solutions is an independent and qualified Buyer’s Agent specialising in Perth property. We will work hard for you to help you search, negotiate and secure your property goals at the best possible price.
Our story started with the passion for property and the research behind finding the right one.