Perth Metro Region: Real estate overview
Transcript of Perth Metro Region: Real estate overview
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Perth Metro Region:
Real estate overview
Hayden Groves, REIWA President 17 February 2017
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• Established Market Trends
• Rental Market Trends
• Outlook
Agenda
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Established market
observations: Perth Metro
Region
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Median price
Source: Landgate/REIWA (Dec 2016)
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Total sales
Source: Landgate/REIWA (Dec 2016)
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Medians by sub-region map
Source: Landgate/REIWA (Dec 2016)
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Discounting analysis
Source: REIWA (Dec 2016)
Q4 2015 Q4 2016 Trend
Original Market Discount
-6.14%
-6.72%
Vendor Discounting 49.34% 50.64%
Overall Market Sentiment -1.46% -1.69%
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Listings for sale
Source: reiwa.com (Dec 2016)
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Average selling days
Source: REIWA (Dec 2016)
Q4 2015 Q4 2016 Trend
Houses 60 62
Units 69 73
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Rental market observations:
Perth Metro Region
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Rental listings
Source: reiwa.com (Dec 2016)
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Average leasing days
Source: REIWA (Dec 2016)
Q4 2015 Q4 2016 Trend
Houses 44 50
Units 50 54
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Rents and vacancy rates
Source: REIWA (Dec 2016)
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2017 residential outlook
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REIWA’s 2017 residential
outlook
Source: Landgate/REIWA (Dec 2016)