Shellabears Blog
Return of stability and momentum to the Perth property market – May
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We’ve finally got some clear air. The school holidays are over, the public holidays are behind us, and the Federal election has wrapped up and with that, we’re starting to see a bit of momentum return to the Perth property market.
The overall feeling right now? Just get on with it.
This week’s interest rate cut, a 0.25% drop from the RBA, is the second reduction in this easing cycle. It’s a welcome move that adds to the sense that the tide is turning. While it won’t drastically change borrowing capacity straight away, it’s a strong signal that inflation is softening and the economy needs a bit of breathing room. And in real estate, confidence is everything. When buyers and sellers can see the direction of travel, they’re more likely to make decisions rather than sit on the sidelines.
The appetite is still there in particular in well-priced, well-presented homes. Perth’s affordability compared to the eastern states continues to be a major drawcard, and investor interest remains strong thanks to our tight rental market and solid yields.
From conversations with clients and colleagues, the sentiment seems to be shifting from “wait and see” to “let’s make it happen”. Buyers are getting realistic, sellers are becoming more decisive, and agents, well, I’m back to doing what I do best: helping people make their Best Property Decision.
The mantra right now really is about getting on with things. The market isn’t white hot like it was a couple of years ago, but it’s stable, active, and presenting great opportunities for those willing to engage. Whether you’re thinking about upsizing, downsizing, investing, or just want a clearer picture of where you stand, now is a great time to explore your options without the chaos and distractions of recent months clouding the picture.
As always, if you’d like a chat about your property plans or want to know what your home could be worth in the current market, I’m just a phone call or email away.
