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vacancy rate dropped from 4.2 to 4.1%. no biggie

Spoke to an agent active in St James last night. Claims average time on market is 14 days for her listings. Things seem to be bubbling along quite nicely.

sold for 850k. two offers made.

I offered $450 *ducks* :)

so do I. Actually, if I don't find a tenant in the next few weeks I might move into it myself as i've grown quite fond of it.

agreed. I'd estimate there were no more than 15-20 people through on the sole home open. Half of whom were sticky-beaking neighbours like myself.

This went under contract in less than a week which came as a surprise as I thought it was going to take ages to shift along with some discounting http://www.realestate.com.au/property-house-wa-st+james-118353111 I've got this for rent at the moment. 3 enquiries within the first day or two on...

Agreed. Hence the importance to remain ever vigilant because it seems the windows of opportunity can be tiny. Blink and you miss them.

so do a lot of West Aussies it seems judging by the popularity of Lost Perth https://www.facebook.com/LostPerth

I was thinking along these lines also. bought a St James villa in a group of 4 for 465k in March, near identical (9sqm larger) villa in same complex sold for 523k just two weeks ago. I thought the market was coming off. Having said this, a recently renoed house on the same street has...

been thinking about this. WA economy appears to be cooling. What if the WA economy cools slower than the rest of the world which leads to an intensifying of immigration as those desperate for work continue to arrive in the hope that while it's bad, back home is worse? Just a thought.

I concur..

Came across this http://www.perthnow.com.au/business/perth-property-listings-surge-rp-data/story-e6frg2ru-1225964664717 *link busted* not to mattter, Perthnow article from Dec, 2010 saying there were over 20,000 listings and buyers had plenty to choose from. How things change.

Went to 9 home opens on Saturday in and around Vic Park. Bid on 3, won 1. Healthy crowds at all home opens with everything under 600k seeming to be buoyant. Vicious competition for everything. All properties bar 1 now under offer at or above the ask. How long can it last?