What’s Happening In The Perth Property Market?

Hi guys! Naomi Findlay here, your Rapid Renovation expert.

What’s happening in the market is always a hot topic. I was lucky enough to sit down with Mark Kentwell, principal at PRD Nationwide Newcastle and Lake Macquarie, to hear exactly what is happening in the Perth property market.

Disclaimer: All information contained herein is gathered from sources we deem reliable. However PRDnationwide cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries.

Key Points:

• Perth has had a really hard run over the past few years, but it is part of an overall cycle that all markets go through.
• Green shoots in the Perth property market is looking promising.
• There is a resurgence of property around $1M close to the city and coast.
• The growth is not as strong in regional and mining areas yet.
• Prestige/’elite’ properties are currently trading 30-40% below their peak, but as soon as the market picks back up they are most likely to be in highest demand.

Disclaimer: All information contained herein is gathered from sources we deem reliable. However PRDnationwide cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries.