|
| Property
Market Information |
| |
|
Indicator
|
June Qtr 2007
|
Change from 12
months ago
|
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|
|
Property values
(Median price) (1) |
|
|
| House, Perth |
$446.500
|
+11.6%
|
| Units, Perth |
$360,000
|
+10.8%
|
| Houses, WA |
$425,000
|
+10.3%
|
| Residential Land, Perth |
$265,000
|
+26.2%
|
| Residential Land, WA |
$250,000
|
+26.3%
|
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|
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|
Indicator
|
June Qtr 2007
|
Change from 12
months ago
|
| Sales (1) |
|
|
| Established Homes, WA |
9,900
|
-27.3%
|
| Land, WA |
3,250
|
-26%
|
Average selling time,
residential sales, Perth |
61 days
|
+30 days
|
Stock of properties for
sale, Perth |
13,217
|
+175.8%
|
| |
|
|
| Buyer Type (2) |
|
|
(% of residential sales, Perth)
as at Dec 06 |
June Qtr 2007
|
Change from 12
months ago
|
| First home buyer |
21%
|
+4% pts
|
| Other Buyer |
50%
|
-1% pts
|
| Investor |
29%
|
-3% pts
|
| |
|
|
Rental market
(residential) (3) |
June Qtr 2006
|
Change from 12
months ago
|
Vacancy rate, residential
homes, Perth |
2.1%
|
+3.0% pts
|
| Median weekly rent, Perth |
$290
|
+20.8%
|
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|
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Source: Real Estate Institute of WA
(1) Median sales prices are derived from sales information
obtained from Dept of Land Information
(2) Buyer type information, average selling time and sales
to listing ration taken from REIWA.COM
(3) Rental market data from REIWA.COM and member surveys
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