The release of REIWA’s sale statistics may not seem like good news for sellers, however if you are buying and selling in the same market you will hold the value of your property dollar. A fall in population growth for the Peel Region has created a generous supply of properties for sale which is giving buyers a lot of extra choice. These conditions are favourable to both first home buyers and also growing families looking to trade up.
Traditionally the Mandurah / Murray Region experiences a slight decline in sales over the winter months before rising again over summer. Wise buyers will use these statistics to make their purchase over winter.
For investors, a more accurate measure of long term capital gain is best established by looking at growth over a 5 year period. The top 5 suburbs in the Mandurah / Murray region over the last 5 years are…
1. Madora Bay Up by 2.5%
2. Greenfields Up by 2.2%
3. Wannanup Up by 2.0%
4. San Remo Up by 1.6%
5. North Yunderup Up by1.6%
We are seeing a steady flow of buyers taking advantage of those properties that are priced realistically. If you’re interested in selling and would a realistic appraisal of your home’s value in today’s market, call H&N Perry on 9535 1822.