THE LOCAL MARKET
REIWA is reporting there were 3,310 properties available for sale at the end of last week, marking a 1.3 per cent increase from the previous week. This was driven by a 2.6 per cent rise in house listings, while unit listings slightly declined by 1.7 per cent. Listings for vacant land saw a modest increase of 2.2 per cent.
Looking at the bigger picture, the current number of properties for sale is 2.5 per cent higher than four weeks ago and remains a remarkable 37.3 per cent lower than the levels we saw a year ago.
REIWA is reporting a total of 871 transactions last week, a notable uptick in sales transactions across Perth. This reflects an increase of 4.2 per cent compared to the previous week. This rise was largely driven by a 3.6 per cent increase in house sales and a substantial 19.5 per cent jump in unit sales.
At White House, we were pleased to have successfully negotiated and secured contracts on TWO properties last week.
Louise Pope negotiated multiple offers to successfully secure a cash buyer for 42 Martha Street, Beaconsfield after just a few days on the market. Our sellers were thrilled with the premium and efficient result.
Our North Coogee Specialist, Carlie Baker, secured a contract for the coastal home at 47 Arabella Loop, with both the buyers and sellers thrilled with the result.
THE RENTAL MARKET
On the rental front, there were 2,426 properties available for rent at the end of last week, reflecting a 3.7 per cent decrease compared to the previous week. This figure is 6.5 per cent lower than four weeks ago but 32.4 per cent higher than the same time last year.
REIWA also reported that 706 properties were leased last week, which is an 11 per cent increase from the previous week, 7.6 per cent higher than four weeks ago, and a substantial 19.3 per cent rise from the same period last year.
At the coalface, our Property Management department experienced this shift in activity last week, with very strong attendance at our home opens and multiple applications received on a number of our available rental properties.
If you have been considering leasing your property or would like to know more about leasing your property, please get in touch with Monique Malarowski on 0418 228 524 monique@whitehouseproperty.com.au or Veda Spence on 0499 171 457 veda@whitehouseproperty.com.au.
And if you’re a prospective tenant we have ONE new property available for lease;
SPEARWOOD
Welcome to 17 Ukich Crescent – A stunning and spacious family home that perfectly blends modern design with comfort. This beautiful property offers everything you need for a relaxed and convenient lifestyle, with close proximity to local shops, restaurants, the marina, and the beach. This home is perfect for a family or anyone who loves space, featuring 4 bedrooms, a large family living room, an activity room, and 2 kitchens! This property is available for lease now for $1,000 per week with a minimum 12 month lease preferred. Applications accepted through 2Apply.
