Record Breaking Spring

Perth celebrated the start of the spring selling season by breaking all sorts of records in September.

According to CoreLogic data, dwelling values in Perth rose to a new record high of $618,363. This represents growth of 1.3% over the month and 8.8% annually, by far the best performing capital annually.

Listings for sale also dropped to their lowest level in 30 years during the month. In fact, total advertised supply was 43.8% below the previous five-year average for this time of the year.

It’s not surprising to see these metrics both breaking records, as lack of supply is a major factor in pushing dwelling values higher. The same is true for Perth’s ultra-tight rental market, which has also seen rents hit record highs.

According to REIWA data, properties sold in an average of 9 days in September, another record low. The fastest selling suburbs, where properties were snapped up between 3 and 5 days, are also realising rental yields of up to 7%. Investors, attracted by the low prices and high yields, are driving this demand.

Recent Australian Bureau of Statistics data showing the value of new investor loan commitments soared 14.1% between July and August. Compared to a year ago, that’s an impressive 23.9% jump.

And the outlook for the Perth property market is good. KPMG recently forecast prices rising 8.4% in the year to June 2024, with another 8.8% pencilled in by June 2025.

Source: CoreLogic

Perth Suburbs Moving Up

Numerous suburbs performed much better than Perth’s 1.3% growth for September. Halls Head was the standout for the month, with house prices growing 3.1% to $570,000.

Embleton took out second place for September with prices growing 2.7% to $620,000. Hillarys and East Fremantle were all tied up, both experiencing 2.5% house price growth to $1,080,000 and $1,672,500 respectively.

Bassendean also finished in the top five, with prices jumping 2.1% to $612,500 for September.

Doubleview, Golden Bay, Rivervale and Balcatta were also strong performers for the month, and with house prices growing more than 1.4% exceeded Perth’s growth.

Property Spotlight

It was certainly spring selling season at Resolve Property Solutions, with the team securing 14 properties for the month of September, 50% of these being either pre or off market. Here’s a small sample of the properties purchased during the month:

What’s Happening In The Perth Property Market?

In the past twelve months alone, we’ve helped over 100 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 100 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!

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Hassan Fazal Hussain

April 12, 2024.

Peter and team at Resolve Property did a great job in assisting in my recent acquisition of residential property in Western Australia. Very efficient and responsive team with necessary knowledge and experience in real estate in WA and I would use them again. Thanks

Peta Armstrong

After chatting to a few Perth home buyers agents, I finally settled with Peter at Resolve and I could not be happier! I loved his no nonsense down to earth approach and with the help of the wonderful Jess, they were able to find me an off market investment property, in my desired area, well within my budget and at a very good price, all during a very challenging time in the market. I simply would not have been able to get even close to a house without their help, contacts, and persistence. Also the follow up guidance after purchase with Vicky just made the entire process so easy and smooth. I enjoyed the experience so much I´m planning my next purchase and will be asking for their help again!

Nicole R

April 10, 2024.

My husband and I successfully purchased our first property with Roman! His knowledge and super quick response were exceptional!!! We couldn’t have been able to get this perfect property in our budget without him for sure! (Especially the market in Perth is crazy at the moment…) Thank you Roman for everything what you have done! And can’t wait to work together with him in the future again!

Nata Di Latte

April 2, 2024.

It was a pleasure working with Peter and Jess to produce a successful result in a very difficult market. Peter and his team are very professional, friendly and persistent to achieve a property solution that meets (in our case exceeds) our expectations. We highly recommend Resolve Property Solutions if you want to maximise your chances of securing the property you want without compromising. Great job guys, Well Done!!

Aaron Spark

March 28, 2024.

Roman was a hero during our investment search. His buyer's agent market knowledge, negotiation skills, and trustworthy communication secured what we were looking for. We highly recommend Roman, and RPS, for anyone seeking an efficient and effective investment approach in the Perth areas.

Rohit Kumar

March 27, 2024.

Roman is the man !!! His proactive approach, great network, and extensive local knowledge helped us secure an off-market property perfectly suited to our goals and budget. He kept us informed at every step of the way, negotiating skillfully on our behalf and ensured we don't give into FOMO and over pay. The quality of the content he shared after every inspection was mindblowing, giving us all the information required to make a decision.This was a big help especially if you are buying interstate. Roman's professionalism, dedication, and friendly demeanor make him a top choice for anyone in need of a buyer's agent in Perth. Thank you, Roman, for an exceptional experience!

Tim C

It has been a pleasure working with Peter, Vicky and Jess to secure a property in what is currently a very hot market in Perth. Peter has been exceptionally kind and patient as we explored the options over multiple viewings. He would accommodate my changing criteria as we tried to narrow down the right properties. There was no pressure to buy and plenty of helpful advice. They have also helped handle the tradespeople with the work to be done and engaging with property managers - truly a full package and they made it a much smoother process than anticipated! For anyone on the fence on utilising a BA in Perth - give Peter a call. I trust he will graciously guide you off the fence, past the manicured lawns and right to the front door of your new home.

Natalie Isho

March 26, 2024.

Peter and the team at Resolve Property were exceptional in guiding us through the competitive Perth property market. We were able to successfully purchase two investment properties off-market, that we would have otherwise never had the opportunity to purchase ourselves. It was such a smooth purchase thanks to their assistance with negotiations, contracts, inspections and contacts (basically the entire process!). I'd highly recommend anyone looking for an investment or place of residence to employ their services. Thank you Peter and team!

Michelle Quinn

March 25, 2024.

I can't speak highly enough about the exceptional experience my husband and I had working with Roman and the team at Resolve. From the outset of our investment property search to the closing day, Roman proved himself to be invaluable in navigating this crazy Perth Market. This marked our second investment property transaction with Roman within just six months, a testament to the trust and confidence we've placed in his expertise. Right from the start, Roman took the time to truly understand our unique needs and preferences. His guidance was invaluable, providing us with a comprehensive strategy report and priceless advice that set us on the right path. Roman's expertise in the field was impressive. His negotiation skills and market knowledge were unparalleled, evidenced by his ability to secure a cracking off market property that otherwise would have been unattainable. Thanks to Roman and the Resolve team, we've purchased our 2nd investment property and couldn't be happier with the outcome. Highly recommend their services if you are looking to purchase a property here in Perth Thanks Guys

Jeremy Ko

Had a delightful time working with Roman on purchasing an Investment Property in Perth. As an interstate purchaser, Roman was able to help navigate insights in the market beyond data and quickly identified a property that fits my budget and investment needs. Highly would recommend him again!

September 2023 Market Wrap

Record Breaking Spring

Perth Suburbs Moving Up

Property Spotlight

What’s Happening In The Perth Property Market?

Continue Reading

Get a free personal consultation.

resolvebuyersagent

Overview

Business Info

September 2023 Market Wrap

Record Breaking Spring

Perth Suburbs Moving Up

Property Spotlight

What’s Happening In The Perth Property Market?

Continue Reading

February 2024 Market Wrap

January 2024 Market Wrap

November 2023 Market Wrap

Get a free personal consultation.

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