Home owners in the Peel Region have two very good reasons to be smiling this week.
One is that the Reserve Bank have decided to keep interest rates on hold at a record 2.5% low for the ninth month in a row. This move offers great stability to home buyers and will assist in retaining confidence in the real estate market.
The other good news story is the release of REIWA’s quarterly sales statistics. Home owners can rejoice that in the first three months of this year, nearly all Peel Region suburbs with more than 30 sales continued to climb in value.
The highest performers for the March 2014 quarters are…
1. Madora Bay up 6.3% 2. Dawesville up 3.9% 3. Falcon up 3.6% 4. Silver Sands up 2.4% 5. Greenfields up 2.1%
Some buyers have been frightened by recent reports of housing unaffordability. This has been compounded by media reports of the state government reducing stamp duty concessions for first home buyers. H&N Perry would like to assure all buyers that although the Perth real estate market has become unobtainable for some, there is still a good range of affordable properties for sale in the Peel Region.
Homesites that are only 500 metres from the beach, can be bought for as little as $135,000, just south of Mandurah at Florida Beach. This represents excellent value and a great opportunity for all buyers to make a solid investment in beachside land. We also have a range of affordable established homes for sale and encourage buyers not to delay in taking that all important first step on the property ladder.
If you’re a home owner and would like to know how much your property is worth, call one of our experienced Sales Representatives on 9535 1822. H&N Perry specialise in the sale of residential and commercial properties throughout the Peel Region. We can help you achieve the best price for your property.