Perth shows signs of shaking off slump, Esperance market strong: Herron Todd White

Perth shows signs of shaking off slump, Esperance market strong: Herron Todd White
Michael CrawfordJuly 2, 2015

The Perth property market has recovered from the post-mining slump to grow above historical trends with a current capital growth rate of between 5% to 7%.

Middle-range priced property of between $300,000 and $450,00 is 'well represented' in both property volume and value, with supply and demand stable, according to a new report.

The Herron Todd White June Month in Review found property sales of over $500,000 is now strong up to and into the mid $600,000 price bracket.

The report noted current investment in the lower socio-economic residential market of Esperance as sound and returning the best investment figures due to correspondingly high rentals relative to capital outlay.

Sales between $180,000 and $220,00 in Esperance have increased compared to last year.

 

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.