We’ve just totalled up the figures and it’s now official. We sold more property in March than in any other month in the current financial year. And this steady run of sales has continued during the last 7 days.
One of the stand-out sales in the last week was a City Beach home that sold for a near $2 million before the marketing campaign even began. Amazingly, one of the 2 competing buyers placed an offer on the property sight unseen. That’s confidence!
It’s clear that astute investors and trade-up buyers are definitely active in the market. And when you consider increasing rental rates across the board and the population growth in WA (approximately 47,000 in the last 12 months), we expect stock levels to diminish and prices to experience upward pressure.
With the RBA leaving interest rates on hold this month, it’s further positive news for home owners and potential home owners.
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