Looking for the upside

Looking for the upside

By Mike Wilding

25-06-2021

Perth’s property market sizzles despite ‘winter slowdown’

Despite the typical winter slowdown, Perth reported plenty of property hotspot activity in June. 

While Perth’s real estate market cooled in June, industry figures are expecting a strong selling season come spring.

“Although the June price growth rate is the smallest we have experienced this year, it has still been a positive year and brings the year-to-date total growth tally to 7 per cent,” said REIWA president Damian Collins.

In the last financial year, Perth’s home values have increased 9.8 per cent.

Looking forward,  the smaller growth rate recorded in June “is also not surprising, given we have entered the traditional winter slowdown”.

It’s encouraging that even as the colder weather has descended upon us and activity has eased slightly, we are still seeing price growth.

“This will hold Perth in good stead as we transition out of winter and into the spring selling season in the coming months with Suburbs like Joondalup, Quinns Rocks and Merriwa performing well and recording the largest gains when it comes to monthly growth. We saw a small decline in listings at the end of june 2021 compared to may, however compared to 3 months ago listings for sale have increased 8.1 %

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