Strong Growth & Tight Market:
- Perth’s median house price is expected to exceed $740,000 by year-end, a 20% increase.
- This surge is driven by population growth and limited housing supply.
- Buyers face a competitive environment with fast-selling properties.
Tips for Buyers:
- Be prepared with pre-approved finances to act quickly on suitable listings.
- Sign up for alerts and consider a buyer’s agent for an edge.
- Leverage REIWA resources (reiwa.com) to find qualified agents and stay informed.
Strategies for Sellers:
- Understand current market trends and research your suburb’s data on reiwa.com.
- Compare your property to recent sales and present it competitively to attract buyers.
- Consult with a REIWA agent for expert advice on maximizing your profit.
Government Incentives for Buyers:
- Keystart offers loans with low deposits (2%) and no Lender’s Mortgage Insurance.
- First Home Owner Grant (FHOG) provides $10,000 for new home purchases.
- Reduced stamp duty rates and Home Buyers Assistance Account ease financial burden.
- First Home Super Saver Scheme allows saving deposits through superannuation.
Hot Suburbs & Considerations:
- Look for areas experiencing high price growth and fast selling times (e.g., Bellevue, Armadale, Hillman).
- Affordability plays a key role – many top performing suburbs are below the Perth median price.
- Beyond price, location and lifestyle factors matter. Consult local REIWA agents for insights.
📧 WhatsApp Josh on +61 (0)488038805 or josh@domeproperties.com.au for further information or a confidential discussion regarding buying, selling or renting