Ensure you never miss an issue of the
real estate business bulletin
Bumper year expected in WA

Bumper year expected in WA

by Simon Parker 0 comments

Western Australia-based group ACTON is expecting a strong 2013 after reporting consistent sales growth through 2012.

“We posted some record figures over the year, with strong sales figures posted month after month,” said Graeme Baxter, managing director at ACTON, in his company’s most recent weekly newsletter.

“I am very confident in stating that the market is in a recovery phase and I feel things can only get better in 2013.”

In December, the company’s south west office reported the most number of sales with 31, while the Cottlesloe enjoyed the highest sales volume at $18,480,000. Gill Vivian from ACTON Cottesloe recorded the highest number of sales for December with eight, while Bev Heymans from the same office reaped $6,830,000 in sales during the month.

Late last year the company said its sales for September, October and November combined were 44.1 per cent higher than for the same period in 2011.

Mr Baxter pointed to the strength of the state’s economy for his positive outlook.

“Our economy is performing well and is underpinned by strong government investment in infrastructure,” he said.

“The rest of the nation obviously feels our state has a lot to offer with record numbers of people moving to Western Australia. According to the Australian Bureau of Statistics (ABS) a record 41,000 people (or 112 per day) moved here from elsewhere in Australia.

“When you take the number of Western Australian's leaving the state into account, a net 11,085 interstate migrants moved out west. Including overseas migration, Western Australia's population grew by 3.3 per cent, or a record 78,000, in 2011/2012 to reach 2.4 million. By comparison, nationally the growth rate was 1.61 per cent.”

Mr Baxter also noted that demand for land and new homes was rising.

“Our population growth is strong enough to sustain both the new and established property market for some time to come.”

Bumper year expected in WA
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?