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Perth Metro Region: Real estate overview Hayden Groves, REIWA President 17 February 2017

Perth Metro Region: Real estate overview

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Page 1: Perth Metro Region: Real estate overview

Perth Metro Region:

Real estate overview

Hayden Groves, REIWA President 17 February 2017

Page 2: Perth Metro Region: Real estate overview

• Established Market Trends

• Rental Market Trends

• Outlook

Agenda

Page 3: Perth Metro Region: Real estate overview

Established market

observations: Perth Metro

Region

Page 4: Perth Metro Region: Real estate overview

Median price

Source: Landgate/REIWA (Dec 2016)

Page 5: Perth Metro Region: Real estate overview

Total sales

Source: Landgate/REIWA (Dec 2016)

Page 6: Perth Metro Region: Real estate overview

Medians by sub-region map

Source: Landgate/REIWA (Dec 2016)

Page 7: Perth Metro Region: Real estate overview

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%

Page 8: Perth Metro Region: Real estate overview

Listings for sale

Source: reiwa.com (Dec 2016)

Page 9: Perth Metro Region: Real estate overview

Average selling days

Source: REIWA (Dec 2016)

Q4 2015 Q4 2016 Trend

Houses 60 62

Units 69 73

Page 10: Perth Metro Region: Real estate overview

Rental market observations:

Perth Metro Region

Page 11: Perth Metro Region: Real estate overview

Rental listings

Source: reiwa.com (Dec 2016)

Page 12: Perth Metro Region: Real estate overview

Average leasing days

Source: REIWA (Dec 2016)

Q4 2015 Q4 2016 Trend

Houses 44 50

Units 50 54

Page 13: Perth Metro Region: Real estate overview

Rents and vacancy rates

Source: REIWA (Dec 2016)

Page 14: Perth Metro Region: Real estate overview

2017 residential outlook

Page 15: Perth Metro Region: Real estate overview

REIWA’s 2017 residential

outlook

Source: Landgate/REIWA (Dec 2016)

Page 16: Perth Metro Region: Real estate overview

For more information

[email protected]

• reiwa.com.au