The total number of properties listed for sale in Perth this week was steady on last week, remaining unchanged in percentage terms at 14,088. Listings for houses and units have both remained stable over the week, while vacant land listings recorded a marginal increase of 1 per cent.
This week’s total number of listings recorded is one per cent lower than four weeks ago and three per cent higher than this time last year.
Housing Affordability Continues To Improve In Perth
Perth’s first home buyer market recorded healthy activity levels in the June 2016 quarter, with the bulk of sales transactions occurring in the $350,000 to $550,000 price bracket.
REIWA President Hayden Groves said Western Australia was in a unique position with the e! asing of property prices in recent times having made home ownership more accessible. “We were very fortunate in WA that home ownership is still accessible, supported in part by the Barnett Government’s transfer duty exemptions for first home buyers paying up to $430,000”.
Perth’s preliminary median house price retreated 1.4 per cent to $522,500 in the three months to June, while the median unit priced declined 6.9 per cent to $406,000 from the revised March quarter median of $436,000