It’s been one of those incredible stretches of autumn weather: still mornings, calm conditions, and warm evenings with golden sunsets that seem to linger just a little longer. Early swims, quiet beaches, and days without a breath of wind… it’s a timely reminder of just how special life in Perth can be.
At the same time, in recent weeks we’ve seen how global events can quietly shape conditions closer to home, even here in Western Australia. While we are far removed, the flow-on effects are being felt in more subtle but tangible way, most notably through rising fuel costs and increasingly across transport, logistics and the supply of everyday goods. These shifts inevitably place pressure on households, businesses and key industries such as farming and production.
In periods of change, it is natural for behaviour and sentiment to adjust. With inflation edging higher and the Reserve Bank increasing the cash rate again this week, we are beginning to see these factors gently influence buyer activity. At our home opens, this has presented as a slight softening in attendance numbers.
Interestingly, we have seen an increase in supply with a 5.9% increase in the number of listings available to market to the week ending 15th March taking the number of listings to 3,043.
Encouragingly, however, the depth of demand remains. Buyers who are active are engaged and ready to act and we continue to see strong competition and multiple offers on well-presented, market-aligned homes.
We will continue to keep you updated as the market evolves. What you can rest assured of is that we are here to provide you with up-to-date insights and our considered advice on how best to position your property in the current market.
If you are considering selling and would like to understand what your property may achieve, along with the value of a thoughtful approach and proven process, we would welcome the opportunity to assist.
