Perth continues to provide vendors with extraordinary selling conditions due to the ongoing imbalance between supply and demand. The flow of new supply continues to be underpinned by higher levels of demand, shrinking the total number of homes for sale to a record low for the month of March. This dynamic has seen homes sell at the fastest pace ever seen, dropping to 31 days for houses (in February) and 48 days for a unit (in January) — and they remain close to these currently. In fact, the rate of discounting for houses is at its lowest point since 2006, showcasing the market strength. It also has the tightest capital city rental market — a record-low vacancy rate of 0.3% — which will force some to fast-track a purchase.

 

 

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