Sell your home, Property Sales in Ballajura, Perth, WA, Ellenbrook, Stirling - BAZZO

MARKET SNAPSHOT

Our market continues to be very interesting, a buyer’s market is the most common phrase used but what an opportunity for sellers to upgrade their property, in effect saving the percentage difference in change over in all areas, lower purchase price, lower stamp duty and lower settlement fees and that can add up to be a very tidy sum.

Uncertainty in the stock market has seen a lot of investors put their money back into bricks and mortar, this quite often will start a string of purchases with sellers upgrading.

Total listings available as at 15/9/11 is 15666

According to REIWA Perth’s Metropolitan Median price for the June Quarter was $470,000 down 3.1% for the previous 3 months and down 6.0% for the previous 12 months.

Rentals for the same period see the Perth Metropolitan area with a median of $380 with no change over the last 3 months and 1.3% up over the year. Vacancy rates have dropped to 3.4%, .01% down over the last 3 months and .08% down over the last 3 months

If vacancy rates continue to drop this may see some increase in rent values and with rent increases we may see more investors back in the market together with current tenants deciding that it’s more beneficial to buy than rent.

We believe there are great opportunities in the current market especially in those suburbs that the local Cities and Shires are proposing future rezoning, suburbs such as Girrawheen, Koondoola, Ballajura to name a few

For information about the proposed rezoning and all of your real estate needs feel free to call us on 92491822