HOUSE PRICES

ali · 19-06-2006, 06:28 AM

House prices continue to rise in Perth - apparently on average the number of days a house is sold is not about 18. (from listing to sale), so looks like we'll have to be quick when we all see something we like. Young first time buyers (like in the UK) are finding it hard to get on the property ladder. According to the Real Estate Institute of WA, as of March there are just 37 suburbs in Perth with a median house price of less than $250,000

Ali S.

Alison1967 · 19-06-2006, 08:43 PM

Quote:

Originally Posted by ali

House prices continue to rise in Perth - apparently on average the number of days a house is sold is not about 18. (from listing to sale), so looks like we'll have to be quick when we all see something we like. Young first time buyers (like in the UK) are finding it hard to get on the property ladder. According to the Real Estate Institute of WA, as of March there are just 37 suburbs in Perth with a median house price of less than $250,000

Ali S.

Try realestate.com.au and see what that will buy and check other websites for suburb info and you'll find out the more popular and less popular suburbs.

Ali

ali · 19-06-2006, 10:05 PM

Thanks already tried this site. A friend in Perth sent me info on all the average house prices for each suburb, it's a great list.

Tim · 20-06-2006, 12:33 AM

At the moment looking at buying in Perth and its not cheap.
For an example one estate agent was saying that for a $350,000 house, they'll put on between 8-10k per month. We saw a house in march there for 350k and now similar ones are going for 400K! Approx 30-40% increase year on year.

Its not like it used to be.

ABCDiamond · 20-06-2006, 01:10 AM

A quick comment, and maybe a word of warning on this...

Over in NSW a few years ago, before the Boom burst, we bought a house for $285k in 2001, it reached $380k (bank value) by Oct 2002, then in mid 2003 the Real Estate agents advised we list it for $485k.

We did list it, but got no buyers. It is now bank valued at $399k.

Here in Brisbane, we had a property we were selling in 2005 for $310k (price advised by Agent, as realistic) We sold for $270k in early 2006.

WA may well be a different market, the boom started later than the east coast and is still going.