Harcourts WA posted a 20 per cent on-year rise in sales in the final quarter of 2012, with more growth expected in the coming 12 months.
“We noticed enquires started to build over the last quarter of 2012 which resulted in a 20 per cent increase in sales for the period,” said Harcourts WA chief executive officer, Stuart Cox.
“A lot of our WA offices also made strong sales during the Christmas holiday period, which signifies a strong start to 2013.”
Mr Cox said Western Australia’s property market was poised for growth on the back of a number of factors.
“Key factors such as population growth, low interest rates, improved housing affordability, and a tight rental market have already started to draw buyers and investors back into the property market, and this momentum should continue to build throughout the year,” Mr Cox said.
“As a group, we are looking forward to a positive 2013 and we are excited about the prospects for the year ahead.”