Where are you seeing this weekly data Ausprop? I'm only looking at the quarterly stuff...
Perth property listings - under 12,000.
- Thread starter Aaron Sice
- Start date
Where are you seeing this weekly data Ausprop? I'm only looking at the quarterly stuff...
I've been tracking Pending Property Sales performances on my selected suburbs, even before settlement has occurred, for a few years now.
You can track it weekly, fortnightly, monthly or quarterly.
Pending Sales are sales that have not yet been recorded as Registered Sales at Landgate. Pending sales information is released from the week that settlement is due to occur. Once settlement has occurred, documents will be lodged at Landgate and the sale will be recorded as a Registered Sale.
You are getting a faster up to date information on your chosen suburb you're tracking because the usual registration process can sometimes take up to 6 weeks from time of settlement.
Its a fantastic tool and best of all its free.
I hope this helps.
You can track it weekly, fortnightly, monthly or quarterly.
Pending Sales are sales that have not yet been recorded as Registered Sales at Landgate. Pending sales information is released from the week that settlement is due to occur. Once settlement has occurred, documents will be lodged at Landgate and the sale will be recorded as a Registered Sale.
You are getting a faster up to date information on your chosen suburb you're tracking because the usual registration process can sometimes take up to 6 weeks from time of settlement.
Its a fantastic tool and best of all its free.
I hope this helps.
blashphemer!
I agree with you Ausprop,
The figures all augur well for an increase in residential prices.
Houses..........7,275 for sale
Units.............2,153 for sale
Vacant Land...2,545 for sale
Total............11,973 for sale
With 1,059 transactions last week, as compared with only 453 this time last year, it is clear why the amount of listing is heading south. New stock is not coming on the market to replace the sales, as the amount listed is dropping every week it seems.
It's been a while since the total stock available has been under 12,000.
Vacancy rates for rentals at 1.7% is scrapping the bottom of the barrel. If you have something empty and cannot find a Tenant - have a look at yourself and your property, at those low levels, it's you or your property that is the problem, not the market.
All data quoted is from page 3 of the West RealEstate liftout from Saturday's West.
As usual, it does have a tiny little asterisk, which states "listed on reiwa.com and other sources" which doesn't help much. I presume the ads in the back of the West are also counted in the pot.
The figures all augur well for an increase in residential prices.
Houses..........7,275 for sale
Units.............2,153 for sale
Vacant Land...2,545 for sale
Total............11,973 for sale
With 1,059 transactions last week, as compared with only 453 this time last year, it is clear why the amount of listing is heading south. New stock is not coming on the market to replace the sales, as the amount listed is dropping every week it seems.
It's been a while since the total stock available has been under 12,000.
Vacancy rates for rentals at 1.7% is scrapping the bottom of the barrel. If you have something empty and cannot find a Tenant - have a look at yourself and your property, at those low levels, it's you or your property that is the problem, not the market.
All data quoted is from page 3 of the West RealEstate liftout from Saturday's West.
As usual, it does have a tiny little asterisk, which states "listed on reiwa.com and other sources" which doesn't help much. I presume the ads in the back of the West are also counted in the pot.
the venom of the doom and gloomers commenting on this is incredible:
http://www.perthnow.com.au/business/wa-real-estate-bust-is-over/story-e6frg2ru-1226419803501
http://www.perthnow.com.au/business/wa-real-estate-bust-is-over/story-e6frg2ru-1226419803501
Turn it up !!!
WOW, what a weekend!
I'm looking for 4 clients went to plenty of home opens, some of these properties had 20+ groups through.
I had planned to put in 3 offers today and 2 of those properties already have offers. One has 4 offers and more coming!
There doesn't look to be any hidden stock coming on in the inner city areas (<10km from CBD), so the next qtr is going to see some strong growth.
I'm looking for 4 clients went to plenty of home opens, some of these properties had 20+ groups through.
I had planned to put in 3 offers today and 2 of those properties already have offers. One has 4 offers and more coming!
There doesn't look to be any hidden stock coming on in the inner city areas (<10km from CBD), so the next qtr is going to see some strong growth.
great! 
Yep, I believe certain pockets in Perth are looking good, I am back in Perth again, will settle on my purchase at the end of the month.
MTR
same here, working with no less than 4 JVs at present.
very interesting. media still havent really caught on yet, although i have noticed a lot more coming on for sale in the past few weeks, so maybe that will balance the market some in the coming months.
very interesting. media still havent really caught on yet, although i have noticed a lot more coming on for sale in the past few weeks, so maybe that will balance the market some in the coming months.
Yep.....also noticing that the prime suburbs with land are drying up quicker than the Simpson desert!
Should be interesting to see what happens over the next 1-2 years. I am officially a fan of the Perth market now. Working on my next deal there as we speak!
Should be interesting to see what happens over the next 1-2 years. I am officially a fan of the Perth market now. Working on my next deal there as we speak!
Define "prime suburbs" in Perth. Are we talking <10km of CBD in any direction?
you define the term prime, not others.
SQM Research is going the other way though?
5th JULY 2012
Source
And some commentary from Mark Hay (REA) aboutPerth's tightening rental market
No place to call home in Perth's tight market
5th JULY 2012
Source
And some commentary from Mark Hay (REA) aboutPerth's tightening rental market
No place to call home in Perth's tight market
