THE LOCAL MARKET
At the end of last week, there were 3,253 properties for sale in Perth with less than 2,000 houses for sale and under 900 units. This was relatively similar to the previous week, however, the total number of properties available for sale is 7.3 per cent lower than four weeks ago and 40.1 per cent lower than a year ago, indicating a tighter market with reduced availability, which could influence buyer behaviour and pricing strategies. Sales transactions in Perth increased by 1.8 per cent compared to the previous week, with REIWA reporting 828 transactions.
After launching SEVEN properties last week, we had a busy week placing THREE properties under offer.
Carlie Baker placed the apartment at 1401/893 Canning Highway under offer to buyers who are upgrading within the building. Wishing our seller the best for their overseas adventures!
Following on the momentum from last week’s sales, Stefanie Dobro and Georgia Hagan placed another two properties under offer this week. 10 Bay Patch Street attracted over 40 groups through with multiple young families competing for the keys. We were thrilled for successful purchasers with whom we’ve been working for some time. After being in the same family for over 50 years, 37 Carrington Street was also placed under offer to a local couple who have great plans for the property.
THE RENTAL MARKET
In Perth’s rental market, REIWA members reported 2,481 properties for rent at the end of last week, steady from the previous week. This consistency in rental availability is noteworthy given that the rental listings figure is 13.9 per cent higher than a year ago. REIWA members reported 690 properties leased last week, marking an 18.6 per cent increase from the previous week, suggesting an active rental market with increasing demand and competitive leasing conditions.
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 TWO new properties available for lease;
FREMANTLE
Experience the perfect blend of contemporary design and timeless charm with this award-winning, warehouse-inspired home at 34 Price Street. Located in the heart of Fremantle, this 4-bedroom, 2-bathroom property with 2 carports is a testament to architectural excellence and thoughtful design. This home is an ideal sanctuary for those seeking modern luxury with a touch of Fremantle’s unique flavour. This property is available to lease from the 12th of July 2024 for $1,500 per week, with a 12-month lease preferred. Applications accepted through 2Apply.
NORTH FREMANTLE
Discover the perfect blend of historic charm and modern luxury in this newly renovated and extended heritage home, at 18 Staples Street, ideally located in the heart of North Fremantle. Boasting 4 spacious bedrooms and 3 elegant bathrooms, this stunning property offers an unparalleled living experience for families and entertainers alike. This property is available for lease from the 28th of June 2024, for $1,750 per week with a minimum 12 month lease preferred. Applications accepted through 2Apply.
