It’s been a big news week in real estate, with CoreLogic reporting modest growth across the country, the Reserve Bank keeping the cash rate on hold, and—closer to home—our team at White House Property Partners helping more clients than ever in a single month.
Nationally, CoreLogic is reporting that property values rose across most capital cities in March, with Perth recording a modest 0.2 percent increase. However, the pace of gains has noticeably slowed. That said, Perth has led the country in a five-year upswing, with values rising 75.4 percent since March 2020—a testament to the strong underlying appeal of our local market.
Locally, REIWA is reporting a 41.5 percent year-on-year increase in active listings, which has helped create a more balanced market and slightly eased buyer urgency. Buyers are also taking more time to make their purchases with the average days on market in March at 13 days which is 4 days longer than the same time last year.
At White House, March was a milestone month—not just for the numbers, but for the trust our clients placed in us. With 25 properties sold and over $39 million in real estate under contract and 15 properties leased, our focus has remained on providing clear, strategic advice to help clients achieve their property goals.
One highlight in the past week was the auction of 5A Thomson Road, Claremont last Saturday. This enviable location in the heart of Claremont drew nine registered bidders, though a bold opening bid saw just two step forward—resulting in a $2,400,000 sale under the hammer. Our sellers were thrilled with both the process and the result, while our successful buyer—who was bidding for the first time—was incredibly grateful for Advisor and Negotiator Curtis McQuade’s support throughout the lead-up and on the day. It was a wonderful outcome all round.
If you’re thinking about buying, selling or leasing, we’d love to help you make your next move with clarity and confidence.
