October 26th, 2012
First home buyers in Western Australia could be in luck, as median prices across Perth slowly dropped during the June quarter.
The latest Population and Residential Building Hotspots report has illustarted the strengthening markets across Western Australia.
Following the expected market slowdown of winter, Perth's real estate landscape remains stable and steady heading into the cooler months.
Ahead of the incoming population boom, Western Australia has committed to the development of over 1,200 new housing lots in Perth.
The median price for houses in Perth dropped slightly during May, highlighting the opportunity for home buyers to move into the market.
A total of $24 million has been dedicated to Western Australia's Natural Resource Management program, a welcome move for farmers in the state.
Price growth was experiencing a slowdown in capital cities recently, but some suburbs outside of city centres are booming.
During the March quarter, Western Australia saw little growth - highlighting a stable market head into the coming months.
A considerable boost in mutli-unit building led to an overall rise in new home commencements over the December 2013 quarter.
81 Norseman Road
ESPERANCE WA 6450
08 9071 9900
08 9071 9903
08 9071 7400
Rural Sales Specialist
Residential & Lifestyle Sales Representative
Inspiring design creates The Modern Beach House