Perth suburbs record strong sales amid downturn

By Gerv Tacadena

Perth suburbs are bucking the overall downtrend in sales activity.

While overall home sales in Perth have decreased, suburbs remained strong and recorded substantial turnover despite the onset of winter.

Real Estate Institute Western Australia president Hayden Groves told Williams Media that around 31 Perth suburbs recorded improved sales volumes over the month of June, including Duncraig, Mosman Park, Waikiki, Dayton, Palmyra, Butler, Kelmscott, Tapping, Baldivis and Joondalup.

"Mosman Park was the only million-dollar suburb to make the top 10 in June, with sales volumes in the suburb lifting back to normal levels in June after declining in May," he said.

Groves explained that suburbs with prices below $550,000 mark have attracted a slew of first home buyers taking advantage of the low prices. Eight of the ten best performing suburbs have dwellings within this price range.

"In terms of the overall market, REIWA expects house sales activity to remain moderate in Perth throughout winter, with improvements expected during spring," Grove said.

Caporn Young agent Craig Gaspar noted that the current market conditions in Perth are favourable for home buyers.

"Now is an excellent time to buy, it's a lot more positive at the backend of the year. I'd recommend buyers to have a crack," he told Williams Media.

Gaspar added that with an oversupply of apartments, prospective home buyers are presented with a range of choice.

“[T]here is a lot of choice and you have to be competitive in that market if you're a first home buyer,” he said.

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