PropertyPulse
insights by Lee and Derek Baston
A Little Bit Of History Repeating
2026 is off and racing! The real estate market is alive and kicking with unit and villa stock outperforming houses as buyers race to lock in the last of the “cheap” properties close to Perth. The listing count for the Perth metro area is hovering under 3,000 properties, a very long way from satisfying the
Free Coffee Friday!
It’s been far too long between coffees… Free Coffee Friday at Social Manna is back this week! Call in between 6.30 – 9am this Friday March 20th, grab a card from us and enjoy a free regular coffee on us. See you all soon! Lee & Derek Baston
Perpetual Motion – The Perth Property Market
Perth’s residential market is seemingly an unstoppable force, with no end in sight to its ceaseless price grind upward, ever upward. Record high prices – a median house price now for the first time over $1,000,000.Record low stock levels.Demand is still high, particularly in the bottom half of the market, as affordability really starts to
2026 – Full Of Opportunity
Christmas is upon us and that’s another year almost in the rear view mirror. Lee and I have spent the last few weeks away in Kenya.We feel very privileged to be able to travel and enjoy the perspective it has to offer. Kenya, with approximately 60 million people in a country 12 times smaller than
Property Update: Spring market miracle?
Lowest stock levels – ever (in recent recorded history)! Houses, land, apartments, townhouses, villas you name it – 2,779 listings.For a city of over 2,000,000 people (and climbing) this is the equivalency of attempting to feed 5000 people with 5 loaves of bread and 2 fish – without the interceding miracle. Buyers are hungry for
Perth’s Property Pulse – Where to now?
Last year (2024) we saw the record low (3,266) residential listing numbers ease and stock levels gradually increase into the November 2024 period (5,080).Buyers became somewhat discretionary and the crazy price growth took a breather.It was all over. But like a creepy clown horror movie the next jump scare is never far away. Stock levels
Looking in the rear view mirror
EOFY – Property Update What a wild ride it has been! At the beginning of last financial year, historically low stock levels of 3253 listings (REIWA 15th June 2024) and other market factors combined to make the perfect real estate storm.Buyers were competing hard to secure a home and were prepared to pay for the
Hang on for the ride!
I had the pleasure of attending the Australian Property Institute Annual Industry breakfast recently. With a panel of industry experts forensically examining the 2025 WA residential property outlook, it was an interesting event analysing the data and crystal ball gazing at Perth’s residential property future. The future hinges on cyclical change versus structural change. Cyclical
That’s a wrap!
2024 – a year of extremes in the Perth property market. Stock levels hit crazy lows of 3200 and buyers fought hard to secure homes. We are seeing that all slowly change as the market starts its journey towards normality (what even is that?!). With Perth metro stock levels up to 5500 and trending up.
The Tide Is Turning
For the first time in a long time the stock levels are rising week on week and currently sit at 5,200 listings for Perth metro. This is approximately 700 more listings than 4 weeks ago and 2000 more listings than earlier this year. This is the first semblance of opportunity Buyers have seen for some
Appraise and Win!
Appraise and Win this Xmas! Thinking about selling? Book your in home appraisal with Derek Baston before Dec 19, 2024 and you will be entered into the draw to Win 1 of 3, $500 Crown Gift Cards! Enter here and Good Luck!
China – the wet nurse for WA.
Seemingly overnight the Chinese have introduced potentially trillions of dollars worth of stimulus to their economy designed to keep growth around 5%.This is BIG news if you are dependent on iron ore prices and the associated royalties. Only days ago the dropping iron ore price and the economic slowdown in China painted a grim picture