Professionals Real Estate 
In a presentation delivered at Professionals Technology & Social Media Program held on 24th February, State Manager of RP Data Andrew Muir presented the snapshot of residential market performance for the past 10 years, and more importantly the specifics of the past 5 years.
Metadata indicates property owners have enjoyed a 7.7?% increase over the decade, with a slowing to 3.7% for the 5 year term. With a national average being significantly higher, this indicates the Perth residential market has been a strong performer for capital growth.
Days on market have indicated 37 days, being a significant drop from 55 days as experienced in 2011. Suggesting that well priced property will sell, and that buyers are well informed of all stock on market and what represents good value fir buyers. More localized information shows wider variances of this data, as indicated by the Joondalup statistics suggesting days on market had decreased from a previously reported 85 days, down to 61.
After a long cycle of under-performing, Perth home values have increased by 6.9% over the past year, compared to a 7.5% lift in unit values.
Backed by data recently released by REIWA, sales turnover in metropolitan Perth bounced back in February after a seasonal dip during the Christmas and January period.
Mr Muir commented “RP Data’s Suburb Scorecard provides member agents with a greater level of statistical specific information, and we look forward to further exploring this with Professionals over the coming year”.
