PropertyPulse
insights by Lee and Derek Baston
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
The Spring Market Is Here!
The market continues to bubble along with the extreme shortage of houses and Perth’s population increase driving Buyer demand. Good homes are still selling in whip cracking time – 5/3 Geddes Street even selling off-market last week! Multiple offers have been received on opens this weekend, but fear not, we have some great listings coming up
Perth, more than mining?
Is the mining cycle past its peak? And if so, does the Perth residential market have the capacity to break free of it’s mining straitjacket?
Is Perth’s Property Market Headed for Another Record Year?
What is the outlook for Perth’s residential property market?Buyers are competing for limited housing supply forcing prices up with property pundits suggesting 20% growth for Perth metro over the course of the year. Stock levels remain ridiculously low !(data courtesy of REIWA) Many suburbs of Perth have already seen 20% plus growth over the last
Downsizers are trapped!
Today as I appraised a western suburbs home worth in excess of 2 million dollars, the elderly owners lamented that they were trapped. As they explained, to buy a home they needed the cash from their existing property.But of course an offer subject to their sale wasn’t getting any traction in the market, as pre-approved
Property Update
As we slide into home base for 2024, here are some of our most recent sales results. We look forward to hitting the ground running from January 6th, 2025 with a raft of new property listings primed and ready to hit real estate portals! 131 Sussex Street, East Vic Park – 6 Offers written!$1,675,000 79A
Win this Mother’s Day!
One lucky Mum will be enjoying an amazing gift hamper full of local goodness this Mother’s Day. Find a new favourite book, kick back and be pampered, enjoy a lovely dinner on the strip and celebrate with a glass of bubbles and treats to top it all off! In the fabulous Nosh hamper is an
Jackpot!
We all know that a win on the pokies is only one more pull of the lever away.
Or is it?