During September, the arrival of Spring has seen the inevitable increase of properties onto the market. Interestingly enough, the rising stock levels are not as robust as those experienced the same time last year.
Despite these rising stock levels, we are seeing signs of an incredibly strong residential property market.
In the last 10 days alone, noteable sales include three properties over $3 million and one over $5 million. This indicates to us that the middle market is performing extremely well and we expect that this trend will continue as we approach the end of the year.
Expectations are for demand to steadily increase as interest rates appear to be stabilising, the economy accelerates and employment picks up. Western Australia
There is also encouraging evidence that there are signs of improvement within the commercial sector.
Investor demand is also set to rise steadily as the vacancy rate continues to fall. We are continuing to post excellent results in our Leasing Department, and have a growing waiting list of quality tenants seeking premium accommodation.
All of these indicators bode well for an excellent market in which to sell your home in the lead up to Christmas.
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