'Boom is back in Perth'

‘Boom is back in Perth’

Perth buyers are bidding above asking prices.  Agents are running out of brochures at open homes.  Viewings are cancelled as ‘early birds’ roll in.
The speed of the recovery has caught many by surprise after sellers suffered one of their worst years in 2011.  In the middle of that year stock levels peaked at 18,000 properties for sale.  REIWA figures this week reveal this figure is down to 9266, well below the 12,000 which signals a good balance.
We may not be able to draw comparison to the Adelaide market but were not to different and Adelaide buyers should give serious consideration to the current stock available and asking prices otherwise they may miss out and may be paying more for the same only months out.
Great signs for all!