Thursday, April 4, 2013

Lowest Number of Perth Homes For Sale

It's been six years since Perth has experienced the house shortage that we are now experiencing, with the number of properties available for sale in Perth dropping 50% in the last 12 months to under 7,000. Actually 5,390 houses and 1,427 units which is a staggering statistic considering that about 1,000 migrants move to WA every week. The Real Estate Institute of WA is calling this a crisis which could cause house prices to suddenly jump up in the coming months.

The median house price has increased in the past three months by 2.8% to a record high of $510,000 which surpasses the prices three years ago. Will people start using the b word again?

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