Market Update

Latest Figures From July Are In

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Market update – latest figures for July are in
Find out how the Perth property market performed in July with this quick wrap up of the local market. We’ve got the latest median house and rent price figures, sales and leasing activity updates, plus see which area was the standout performer in regional WA.

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Suburb spotlight: Redcliffe
We’re putting the suburb spotlight on Redcliffe which had eight per cent growth to its annual median house price in the year to March 2016.

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Storm damage on homes under offer
The winter months in Perth can bring about wild weather. What do you do if your home is under offer and storm damage occurs?

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Home opens are a great way to showcase your property to potential buyers when selling, so first impressions are important.
REIWA agent Nadija Begovich spoke with our friends at WA Weekender about how to make your home look its best when open to view. Find out her top home open tips.

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Ask our experts
How is REIWA’s rental vacancy rate calculated?
REIWA conducts a monthly survey of its members to gauge a reading of the vacancy rate of rental properties across the Perth metro region.

Members are asked two questions:

  1. What is the size of their monthly rent roll?
  2. How many vacant properties do they have?

Each month the survey captures a large sample of rental properties, which means the vacancy rate that is calculated is a good representation of current market conditions. Using this information, a monthly and three month vacancy rate is published.

The survey is completed at the end of the month. It takes two to three weeks to compile the data and then the vacancy rate is published.  For example, the vacancy rate for the month of June 2016 is published three weeks into July 2016.

Ronak Bhimjiani, REIWA Research Officer

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Perth Market Snapshot
Week ending 2 August 2016
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