Although the property market is slowing in Perth, Re/MAX managing director Geoff Baldwin predicts the Perth market will regain lost ground with a 7 to 10 per cent price lift by the end of the financial year.
He has noted although July is historically the slowest month of the year, there has been a marked lift in buyer interest across all price ranges. He believes this interest will continue, not in a property boom but a period of very strong, sustained growth.
“Right now, there is a window of opportunity for buyers whereby prices are competitive, stock numbers are plentiful and the opportunity to buy at the bottom is now a reality,” he says.
Want to make the most of competitive housing prices? Make sure you organise a building and pest inspection before you go through with the purchase.