Shellabears Blog
July Market Wrap: What Perth Property Owners Need to Know
|
Welcome to my July local market property wrap. You’d be aware through the press that the market conditions are continuing to soften and at the risk of repeating myself this reinforces the importance of getting your pricing and marketing correct when selling. CLICK HERE to see a quick video on pricing your home.
Although stock on market is slowly increasing and currently sitting at around 50% of a balance market. We have a traditional lull in the market at this time of year due to winter, tax time and school holidays but certainly our whole team has been appraising and preparing plenty of properties and new stock will be arriving shortly across the board.
With many people asking questions about market directions, I’ve had a strong response to the article I posted last month on the influences on our market over the past 50 years so for those of you who missed it, CLICK HERE to read the article.
One of the biggest residential planning reforms in decades
The WA Government has proposed major planning reforms that could make subdivision easier for R20 (and lower-density) properties – reducing the minimum lot size and potentially unlocking development or resale value for tens of thousands of Perth homes, including in suburbs across the Western Suburbs.
Wondering if your property could be affected? Get in touch with me for a chat — I’m happy to talk through what it could mean for you
PERTH WESTERN SUBURBS JULY SALES SNAPSHOT
| Wondering what to look for in an agent, what to consider in the sales process and the questions to ask before appointing one? Look no further – here is a little about me and more importantly, questions to consider when selling your home Click Here For Andy’s Nye Selling Guide |
