WA Perth market 2020

I am waiting for this one... Breathtaking view corner block! Hasn't been sold since built.

https://www.realestate.com.au/prope...nt-pleasant-wa-6153?source=property-search-hp

 

Dont you take away my PPOR dream, I will fight you for it haha

 

Let's subdivide it and each has a street front view. I'll let you choose which block first. Helps our serviceability.

 

Deal I will keep saving and building equity in the meantime

 

Got to be saving quick! The owner can't be too young...

 

Does anyone know what that covering is on the gazebo?

 

https://www.theage.com.au/national/...rn-to-mining-boom-levels-20201117-h1s97t.html

 

This stuff? Just looks like el cheapo roll out bamboo splits or willow. Something like this Lattice Makers 1.8 x 3m Willow Screening

 

This is sort of media coverage that will help FOMO really set in. I like it

 

The contrast:

 

Yes my son’s employer had plenty of positive news at the beginning of this year, started employment process late last year. They went outside there usual requirements and employed my son and another person at a younger age age then any previous years. They had a huge intake of training to get ready for upswing in a year and beyond. I wish I was on their news thread of updates. There is a further uptake this year in preparation for employment and training early next year.

 

Hi
May I know where to get this information from. this looks very helpful. thanks

 

My friend just purchased in Perth, downgrading. She said after missing out on two properties she offered $5000 more than asking price to secure it. A neighbouring suburb to Morley.

 

https://www.realestate.com.au/neighbourhoods

 

Graphically very interesting, but not very surprising:
Perth $470,300 June 2020
Perth $470,952 June 2007

Perth is due for a major up-cycle, but will this current uplift be significant?

 

Perth Market Snapshot for the week ending 29 November 2020
NEW
30 November 2020


Sales activity increasing 19 per cent in Perth last week, with REIWA members reporting 1,042 transactions.

This increase can be attributed to a 21 per cent rise in house sales, 21 per cent rise in unit sales and eight per cent rise in vacant land sales over the week.

Properties for sale
There were 10,108 properties for sale in Perth at the end of last week, which is one per cent less than the previous week.

A closer look at listing stock levels shows house listings decreased by three per cent, listings for units decreased by one per cent and listings for vacant land increased by one per cent.

Last week's total figure is on par with levels seen four weeks ago and are 28 per cent lower than levels seen a year ago.

Perth rental market
REIWA members reported there were 2,875 properties for rent in Perth at the end of last week, which is in line with the previous week.

Last week's rental listings figure is three per cent higher than levels seen four weeks ago, but are 52 per cent lower than levels seen a year ago.

View our Perth Market Snapshot graph for a detailed breakdown of the past week.

 

The sales activity is just insane!

 

What are your thoughts on the rental market? Slightly more stabilised ?

 

My friends are currently looking for a rental in the 350-450/wk range*. Said he sometimes sees a rental add and online in that price range and in 30 minutes its gone because they already had that much interest.

**Northern suburbs
3x2 or 4x2 house.