I thought it might be interesting to hear peoples perspectives on:
At what stage in the property cycle is your part of the market?
Eg 12 oclock - full boom, you think market is likely to correct itself soon
6 oclock - bottom of the trough,you expect it will climb up
Hope this helps anyone considering interstate or out-of-area purchases.
Ill start
Perth:
Id say the inner suburbs under 600k are about 9-10 oclock, definitely on the upswing, most sell before or at first inspection if priced and located well.
The southern most suburbs such as Rockingham - Mandurah would be more like 7 oclock in my opinion, just starting to come out of a flat period, buyer activity picking up especially in beachside locations under 450k
I have heard western sydney is on the uprise and that adelaide is flat if not still trending down.
At what stage in the property cycle is your part of the market?
Eg 12 oclock - full boom, you think market is likely to correct itself soon
6 oclock - bottom of the trough,you expect it will climb up
Hope this helps anyone considering interstate or out-of-area purchases.
Ill start
Perth:
Id say the inner suburbs under 600k are about 9-10 oclock, definitely on the upswing, most sell before or at first inspection if priced and located well.
The southern most suburbs such as Rockingham - Mandurah would be more like 7 oclock in my opinion, just starting to come out of a flat period, buyer activity picking up especially in beachside locations under 450k
I have heard western sydney is on the uprise and that adelaide is flat if not still trending down.