Perth property listings - under 9,000

the composition of sales seems to have changed from the lower end to the upper end. On the whole tho I would say we might see a balanced market early next year, which I would fully expect. Circa 15,000
 
Upward trend in stock levels holding. I notice the rental vacancy rate has held around 4% and has even ticked down a touch this month, although I do wonder how this rate is calculated as a lot of rentals are not listed through REIWA.

Total: 13,014
4 weeks ago: 11,598
Same week last year: 9,814

I thought it was 5.9% In Perth ??

Its becoming a buyers market surely. So many listings. Not enough demand, but plenty of supply.
I inspected three townhouses in Rivervale on the weekend. The home opens were deathly quiet. One had one other person, one had no other people and the last one had one other couple. They were all ball park price range too. Very quiet.

Agree ive been to 2 for the same place. One time it had me and another person, the next time it was only me.

There seems like quite a bit of uncertainty out there. I think in the media the notion of 'rates are going to rise' has kept quite a few away IMO. However it seems like rates wont be going anywhere anytime soon and if they go up the following months they will go down back to where they were IMO.

Ill be waiting around for another small 0.25-.5 drop hopefully as i dont think im quite ready to buy right now.

Yup this has been on the cards for a while yet people are continuing to pay stupid prices for sites without realizing how quickly the market cab change. Good luck to them, they're gonna need it.

Having said that even demand for sites is dropping

We now have so many sites, so much competition (supply) and not enough (demand).

How long is the going to last for because it changes around slightly. It going to have to happen due to a rates change surely?
 
I inspected three townhouses in Rivervale on the weekend. The home opens were deathly quiet. One had one other person, one had no other people and the last one had one other couple. They were all ball park price range too. Very quiet.

Did you get anything? Shopping is easier when there isn't too much noise :D:D
 
Did you get anything? Shopping is easier when there isn't too much noise :D:D
Oh no! I was just looking to see the level of finishes, dwelling configurations, lot sizes and how the townhouses fit on the tiny, tiny blocks.... because that is what I want to build! :D

I was really impressed with two of the designs and how the townhouses were crammed into tiny blocks without feeling crowded in.
 
I saw that. I thought the price was high for St James but it is a lot of house and a higher level of finish that a lot in the area.

agreed. I'd estimate there were no more than 15-20 people through on the sole home open. Half of whom were sticky-beaking neighbours like myself.
 
Lots of 2x1 and 3x1 for sale and rent in Tuart Hill & Yokine which are like 6-7km's north of Perth.

Further north in Mirrabooka, Koondoola, Girrawheen there are less for sale and rent.

Just depends on location.
 
Had a mate who was a FHOB year or two ago. Buy in Belmont. His place not long ago (1 month), 2 weeks in with an agent got rented out.
 
If someone doesn't rent this soon I am going to scream

http://www.realestate.com.au/property-house-wa-north+perth-414196563

Shameless plug! :)
Nah, that's not good. How does it compare to nearby rental property prices? I would suggest for it to be advertised $10-$20/wk less than comparable properties. (Unfortunately) It's the first time ever that I had to do that to get any interest. Usually I advertise $10-$20/wk more than going rate and have good choice of applicants.
 
Had a drive around the back of Ellenbrook and Aveley yesterday and also took a tour through Whitemans Edge and looked at some of the new developments and properties coming on line around Lord St. I didn't catch the name of a newer development, but did notice 65% of stage 1 sold

A huge amount of activity in the area and properties coming on line
 
Shameless plug! :)
Nah, that's not good. How does it compare to nearby rental property prices? I would suggest for it to be advertised $10-$20/wk less than comparable properties. (Unfortunately) It's the first time ever that I had to do that to get any interest. Usually I advertise $10-$20/wk more than going rate and have good choice of applicants.

It is $50 under comparables and now throwing in a week free rent so surely has to go soon.
 
Had a drive around the back of Ellenbrook and Aveley yesterday and also took a tour through Whitemans Edge and looked at some of the new developments and properties coming on line around Lord St. I didn't catch the name of a newer development, but did notice 65% of stage 1 sold

A huge amount of activity in the area and properties coming on line


There are a stack of established homes in Ellenbrook for sale and I tend to think that residents there are going to take a haircut in terms of their actual sale prices.
 
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