Perth the top selling suburb as sales increase for January

Perth the top selling suburb as sales increase for January

LOCAL property sales increased slightly in January and Perth was the top performing suburb with 20 sales in the four weeks to January 29.

Realmark Central sales agent Daniel Sharp said most buyers at home opens were owner-occupiers who were downsizing or first-home buyers looking to capitalise on the more affordable CBD market.

“We are also beginning to see interest from investors at home and interstate,” he said.

Mr Sharp said buyers and investors alike were seeking out inner-city locations where there were strong transport links, potential capital gains, and accessible services.

“Two-bedroom apartments are in high demand at the moment and they are priced at the most affordable bracket within the city for 10 years,” he said.

“There is a high interest in the $325,000-$500,000 price point for one to two-bedroom apartments for first-home buyers and investors, whereas downsizers are looking for larger-style houses or apartments from the $600,000 mark.”

Realmark managing director John Percudani said the overall market outlook was positive.

“The market is stabilising in WA,” he said.

“We have seen a steady increase in numbers through home opens compared to the same period last year.

“Provided that employment, sentiment and interest rates all remain favourable and tending in a positive direction, we will continue to see improvement.”

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