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Perth’s Property Market in 2018

1 Feb 2018 vicpark 0 Comment

Some Blue Sky Ahead for Perth’s Property Market in 2018

It appears that the grey clouds hanging over much of the Perth property market during the last two years are beginning to lift and clear, which is good news for Landlords and Property Owners alike. In fact, after the stabilizing market conditions in 2017, where declining rents and median selling prices bottomed out and steadied, REIWA is predicting that real estate across the Perth metro area will experience a gradual improvement in 2018 with some potential for blue skies ahead. However, even with the forecast “moderate and steady improvements” REIWA president, Hayden Groves, warns against “expectations of rapid growth in rents or prices” during this period. *

Positive Indicators for Perth’s Property Market…

Below are a range of key indicators from the current market:

So what can we learn from these current market conditions?

As we move into 2018 with the market gradually improving, it’s important to maintain a long term vision for your property portfolio and achievable expectations with your real estate aspirations. With this in mind we recommend the following:

 

As always, if you have any questions or require further information in regards to your property dream and goals, please feel free to contact us on 9361 4666 at our office. We would love to hear from you.

 

Regards,

Dean Nicolo

 

Sources:

*https://reiwa.com.au/about-us/news/2018-presents-good-opportunities-for-buyers-and-investors/

 

** https://reiwa.com.au/about-us/news/perth-median-house-price-stable-in-december/

 

*** https://reiwa.com.au/about-us/news/perth-market-snapshot-for-the-week-ending-23-january/

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