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