PERTH SPRING PROPERTY MARKET SET FOR A SLOWER START

The traditional spring selling rush may be much quieter this year, and Perth is beginning to feel the impact of changing market conditions.

Across Australia, new property listings have fallen sharply, sitting 8.2% below the five-year average and 2% lower than this time last year. While Perth has been one of the country's strongest performers over recent years, the slowdown in buyer demand is starting to influence seller behaviour.

Many Perth homeowners are becoming more cautious about bringing their properties to market. With home values softening, sales activity declining and buyers taking longer to make decisions, some vendors appear to be waiting for stronger conditions before listing.

The interesting trend is that while fewer new properties are coming onto the market, the total number of homes available for sale continues to rise. This tells us buyers are taking more time to commit, creating more competition among sellers and giving purchasers greater negotiating power.

Nationally, Sydney, Melbourne and Brisbane are leading the slowdown in new listings, but Perth is also experiencing weaker transaction activity compared to a year ago. The days of multiple buyers competing aggressively for every listing are becoming less common, creating a more balanced market.

For Perth buyers, this could be welcome news. More choice, less competition and increased negotiating power are creating opportunities that haven't been available for some time. For sellers, however, realistic pricing and strong presentation will be more important than ever.

As we move through spring, Perth is still likely to outperform many eastern states, but the market appears to be transitioning from the rapid growth phase of recent years into a more measured and balanced environment.

We have noticed that the amount of appraisals we have been doing for the last month have dropped of considerably so therefor there will not be many listings coming to the market in spring time - sellers are definitely thinking to hang in there and make the extra cash, however they are trading up so it would be better to sell NOW !! 

If you are a buyer and you see something that you like, do not hesitate BUY IT !!

MAKE YOUR OWN DECISIONS & GIVE IT A REAL GO!!

SELLING MOSMAN PARK & THE WESTERN SUBURBS!!

KEEPING IT REAL IS OUR MOTTO!!