Professionals Stirling Clark achieve record months

Professionals Stirling Clark in Forrestfield is now achieving its highest level of property sales activity since it was established in 1983.
According to Brendan Clark, Principal of Professionals Stirling Clark, the past six months have been the most successful for the office in three decades of operation.
“During the first half of this financial year, our office has sold on average one property every day with an average value of over $350,000.
“The Forrestfield area is now benefiting from a huge demand for properties because homes in the area are so affordable. With a median house price of around $370,000, properties in Forrestfield cost about $100,000 less than the overall Perth median house price.
“In particular, during the past six months we have seen a very strong demand from both first home buyers and investors.
“The basic entry price for a rental property in Forrestfield is now $400 for a three bedroom, one bathroom property. First home buyers in the area are now deciding to buy rather than rent because the mortgage repayments on a $350,000 home are now nearly the same as renting.
“In addition, Forrestfield is benefiting from its close proximity to Perth airport which is now a major transport hub for the booming resources sector. A large number of people both renting or buying homes in Forrestfield are highly paid fly-in fly-out workers who want to live close to the city and the airport while at the same time enjoy a semi-rural lifestyle.
“Overall, the number of properties listed for sale by office has dropped by nearly 50% during the past six months as buyers realise that the local property market has bottomed and they need to act quickly to secure a home at current prices.
“The dramatic fall in listings is already resulting in rising property values as underlined by the sale of a three bedroom, one bathroom home which received multiple offers and sold for over $30,000 above it advertised listing price.
“Based on current trends, an overall increase of around 10% in Forrestfield property values during the coming year is something which property buyers can look forward to due to the continued improvement in the real estate market.
“With interest rates likely to fall even further during the coming year, now is a terrific time to consider buying a home in the local area as property prices will only