Property Market Information
 
Indicator
June Qtr 2007
Change from 12
months ago
     
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%
     
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%
     
     

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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