Property News Wrap Up, June 2018

Property Market Update, June 2018

Great Buyer Opportunity in Perth

The latest data from reiwa.com shows that eight of the ten best performing suburbs in June were priced at $550,000 and below.

The healthy activity levels in this price bracket suggests that Perth is continuing to present great opportunities for the first home buyer, or for those wanting to take advantage of this more affordable market before house prices inevitably rise again.

House sales were down in June, and REIWA expects overall market activity to remain moderate throughout winter before seeing improvements during spring.

Perth Rental Market Snapshot

Below we have your Perth Market Snapshot for June 2018, courtesy of reiwa.com. We can see that the number of properties available for rent have increased slightly over the past month from 8172 to 8288. However this is down considerably from the 10,749 available for rent at the end of June last year. Perth and East Perth were the top performing rental properties. As of the start of July, Western Australia’s highest growth suburbs include Applecross, Nickol, Bicton, North Fremantle and Bulgarra.

If you have an investment property and are interested in an obligation-free chat with one of our experienced specialist Property Managers, contact us today.

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