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I'm locking in my prediction early - mini boom for Perth during this upcoming spring/summer season.
I still think listing and sales figures, along with general buyer confidence means there's some steam left to go.
yeh I'm feeling strength in the market and supply is tightening, down again this week
2Jul14
Property Listed For Perth
Listed For Sale
10,689
4 weeks ago
10,412
Same week last year
8,870
Look at that number last year hey! dam miracle there wasn't a major price outbreak
A curious change in the Perth market: Now that a "large family block" is 450 sqm and anything over 500sqm is hard to find except for the outermost suburbs, many builders are now making 2 story homes the standard. Long gone are the days of the quarter acre block, or even a modest 600 sqm plot!
2 storey is so expensive in WA, you are better to spend the money on a bigger block and go single and save the grief ofdealing with stairs day in and day out.
I often wonder about this when watching the English foxtel property shows. Lots of property in England are 2 storie but they don't seem to mind. I would hate to live in a 2 storie ESP if I were getting on in age. I guess over there they are mostly 2 stories as the houses are packed right in.
In the UK two storey (or more) living is preferred. When people get older they move into single storey houses (they call the bungalows). Bungalows are not desired by families/young people as they are "only for retirees"
If you watch Relocation: Phil Down Under its fun to watch brits get their heads around australian single storey living
People are now building 2 story because you can no longer buy blocks big enough to fit a family sized single story. They dont exist within 25km of the CBD.Couldnt agree more.......why ppl build 2 story is beyond me. Maybe some sort of status symbol in their eyes? Its a wealth hazard as well as so much more effort getting around the house.
not sure that's quite the right interpretation - the masses live in compact townhouses, because that's all they can afford. if you make the big league you can move out to the country and afford a bungalow
Until recently, the cost of building a 2 story house in Perth, per sqm, was over twice the price of a single story. Thankfully this has started to change.I am surprised though that Aussies will still choose to live further out from the city in order to buy a bigger lot that they will then stuff full of single storey building so that there is little to no usable outdoor space. The popular choice seems to be to spend more money on land than the build, so buy more land but build single storey.