Property sales up says reiwa.com


This three-bedroom, split-level apartment was sold within a week. The buyer was renting in the area and decided it was the right time to purchase a home in East Perth.
This three-bedroom, split-level apartment was sold within a week. The buyer was renting in the area and decided it was the right time to purchase a home in East Perth.

LOCAL property sales have jumped in the four weeks to February 13 according to the latest data from reiwa.com.

Sales were 92 per cent higher than in the previous four-week period and 9 per cent higher than at the same time last year.

East Perth was the top performing suburb with 20 sales.

Harcourts City Central directors Mark Hales and Brian Lynn said buyer confidence was returning to the market and this was highlighted by the amount of sales that had taken place since the start of the year.

“The number of enquiries and numbers through home opens have increased across the board, but in particular for two-bedroom apartments,” they said.

“Owner-occupiers, such as young professionals are the main demographic looking at these homes.”

Mr Hales and Mr Lynn said there had also been more interest from downsizers looking for higher end, three-bedroom apartments offering views of either the city or river, or located close to Claisebrook Cove.

“Buyers are realising all the benefits of the suburb, such as the great transport routes, easy access to the city, the new entertainment areas such as On the Point, the river walkways and parks, and of course the future amenities such as the Perth stadium, which will be easily accessed by the new pedestrian bridge,” they said.

“They are also realising we may have seen the worst and the market has bottomed out, so now is the time to commit and buy into a suburb with outstanding amenities and a great future.”