Q4 Update | Floreat
At long last, we are able to finish the year on some great news for the Perth property Market. CoreLogic reported actual growth (not talk of “green shoots”) in Perth for the month of November. “In a significant turn of events for the Perth market, values edged 0.4% higher in November, for the first month-on-month rise in dwelling values since the downtrend took a pause in early 2018”.
In addition, mining exploration is up 7.2% in the September quarter alone – this, paired with a 10.2% up tick in regional air travel are historically both leading indicators for economic growth in WA.
“Stock for sale has dropped significantly over this time last year and we are starting to see demand exceeding supply in some locations. Overall, the median sale prices are holding up well in Greater Perth with one in four suburbs seeing an increase in median price in November.”
The suburb to see the biggest spike in median was Floreat with a 3.1 per cent increase to $1.34 million. This was closely followed by Wembley, Willetton, Clarkson and Spearwood.
According to reiwa.com the average days on the market improved to 70 days compared to 79 in October. – Reiwa.com.au
Current trends in the banking industry are focussing on customer behaviour. “Bank’s are now sharing information between themselves about every single person when they’re applying for a loan. They can see up to 2 years history of all your debts and your re-payment history.
It’s more important than ever to make sure you pay your loans accounts on time; that includes your transaction accounts and your history and your conduct. Pay your credit cards on time and before the due date. Small things like that can really help your application when you apply for a loan.” – Nick Constantine Capita Finance
Interested in selling your home in 2020? Want to achieve the highest possible price? We can help.
Did you know I’m one of the most 5 star reviewed agents in the Western Suburbs? Well let me offer you a 5 star service to you.
I’m putting my money where my mouth is and personally offering my signature ‘Smith Team’ property launch where I’ll be sparing no expense to put your property on the map.
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“Many other agencies are currently distracted by market conditions and poor trading results. In turn, they are offering less sustainable recruitment options.
At Realmark however, this year we were recognised and awarded as the best marketers in WA, we grew our market share significantly and our agents soared as the most productive in the state.” – Realmark Co-Founder John Percudani
It’s been an incredible year for me and I can only thank my clients for the continual support and recommendation. Almost all of my property sales this year came through recommendations from previous clients. I always strive to be honest from the get-go and maintain constant communication throughout; day or night.
I went on to win the Realmark & the RIEWA Rookie of The Year awards. And have since acquired a new team member Catrina, who has helped our business grow even further towards the end of this year. With her energy & enthusiasm and my constant drive to be better than most; I’m excited to see what we can achieve as a team next year.
I hope you continue to follow our journey and I wish you a happy and prosperous new year.