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Recent market statistics suggest that the property market is stabilising with the number of properties on the market for sale is steady at 15,000 mark.
The number of sales is clinging between 480 to 650 sales per week.
Properties available for rent is stable at 9,900 mark with most rentals within 5 km radius from Perth city.
So have we hit the bottom? I think it is still too early to call but yes the market is stable with less houses for sales, more sold and more buyers looking to buy.
Ernest Ng. WA's Licensed Real Estate Agent. MARA's Registered Migration Agent