Perth Property Market is on the Move
According to figures released by RP Data-Rismark earlier this month, Perth’s property market is on the move and will be one to watch in the next couple of years.
During each of the past three quarters there have been steady improvements in all indicators. Perth was one of the only cities where transaction volumes were consistently rising, while properties were selling faster and owners were reducing their prices by smaller margins.
During the December 2011 quarter the median weekly rent in Perth has increased 1.3% to $400 and the vacancy rate had decreased by 0.6% to 2.3%, which shows increasing positive signs for investors*.
* Figures taken from reiwa.com.au March 2012 for Oct - Dec 2011 quarter
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