Thursday, January 27, 2011

REIWA real facts of last week Perth Housing Market

Here are some statistics from the Real Estate Institute of WA on home sales last week.

Last Week 770
4 weeks ago^ 565
Same week last year 849
# Contract Sales reported by REIWA members
^May have changed due to sales falling through

Top Selling Suburbs
North of the River
Ellenbrook 16
Nollamara 14
Morley 13
Scarborough 11
Yokine 9

South of the River
Canning Vale 15
Thornlie 12
Belmont 9
Como 9
South Perth 9

Properties listed for Sale
Total* 15 778
Houses 10 270
Units 3 069
Land 2 439
*Listed on and other sources

3 months to December 2010
Average Selling Days 71
Average discount* 6.3%
*Difference between original listing and selling price

Monday, January 24, 2011

Perth 'severely unaffordable'

Catching up on some of the news recently regarding the Perth Real Estate market, experts are tipping that 2011 will be another year of flat line growth
Yet another article has been talking recently about how unaffordable Perth has become, describing our lovely city as 'severely unaffordable'.

Perth is the most affordable state capital in Australia, but compared to 324 other cities worldwide it's not doing so well, according to a new international survey.
The report by anti-regulation researcher Demographia on six English-speaking countries and Hong Kong rated Perth the 35th least affordable of 325 cities surveyed.
It rated cities based on how many times the median house price was greater than gross annual median income.
read more of it here.

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