Data from reiwa.com shows the month of May is looking positive despite a record low of property listings in April (across Perth), which felt the negative impacts of COVID-19.
A couple of weeks into May and the number of transactions for properties being sold already exceeds the total number for April 2020 by two per cent.
In particular, house sales are already nine per cent higher. This is certainly good news for the sales market as sellers can see that buyers have the confidence to enter contracts.
With leasing, the number of new leases for May also exceeds the total number of leases in April by 12 per cent. Combined with a continuing decline in the number of properties available for lease, landlords will not be expecting any decrease in rents.
PULSE PROPERTY GROUP GOING AGAINST THE TREND.
The month of April was busy for our Sales teams, particularly Team Addenbrooke, with genuine buyer enquiry, and multiple offers written for both existing homes and vacant land, resulting in nine sales. With over 200 registered and qualified VIP buyers ready to make their next real estate purchase, if you have had any thoughts of selling, please contact us to discuss your options:
Buyer Type #1 (56 registered)
3+ Bedrooms | 2 Bathrooms | Rossmoyne SHS Zone | $450,000 – $700,000
Buyer Type #2 (104 registered)
3/4 Bedrooms | 2 Bathrooms | Rossmoyne SHS Zone | $800,000 – $1,200,000
Buyer Type #3 (53 registered)
4 Bedrooms | 2 Bathrooms | Rossmoyne & Shelley | Up to $1,800,000
Buyer Type #4 (10 registered)
4+ Bedrooms | 2+ Bathrooms | River Front (or River Views) | $2,000,000 +
If you would like to keep up to date with the real estate market, please feel free to subscribe to our free digital Market Update by emailing sales@pulsepropertygroup.com.au.
