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WA market to pick up in Feb

By Staff Reporter
30 January 2014 | 1 minute read
WA

Property market activity is likely to rebound in February, with RE/MAX WA predicting buyer demand will surge.

After a post-Christmas lull, buyers and sellers generally begin to return to the market by the second month of the year, RE/MAX Western Australia managing director Geoff Baldwin said.

“Although this year’s holiday period has seen the market maintain strong momentum, February is predicted to see buyer demand go to a much higher level again,” Mr Baldwin said.

In the Western Australian market, this trend has already become evident, according to Mr Baldwin.

“We have seen buyer demand increase significantly in the second half of January and this momentum is expected to grow as we move into February, with the overall outlook for 2014 being very positive for sellers,” he said.

“Sellers who have been holding off would be well advised to take advantage of this predicted upswing in buyer demand, as it historically creates more competition for available listings, often resulting in better sale prices and a shorter time on the market,” he said.

On the other hand, he advised buyers to act sooner rather than later to avoid being stung by rising prices.

Investors in the Perth market specifically should be aware that low listing stock levels are likely to push up prices, he said.

WA market to pick up in Feb
WA
roperty market activity is likely to rebound in February, with RE/MAX WA predicting buyer demand will surge.

After a post-Christmas lull, buyers and sellers generally begin to return to the market by the second month of the year, RE/MAX Western Australia managing director Geoff Baldwin said.

“Although this year’s holiday period has seen the market maintain strong momentum, February is predicted to see buyer demand go to a much higher level again,” Mr Baldwin said.

In the Western Australian market, this trend has already become evident, according to Mr Baldwin.

“We have seen buyer demand increase significantly in the second half of January and this momentum is expected to grow as we move into February, with the overall outlook for 2014 being very positive for sellers,” he said.

“Sellers who have been holding off would be well advised to take advantage of this predicted upswing in buyer demand, as it historically creates more competition for available listings, often resulting in better sale prices and a shorter time on the market,” he said.

On the other hand, he advised buyers to act sooner rather than later to avoid being stung by rising prices.

Investors in the Perth market specifically should be aware that low listing stock levels are likely to push up prices, he said.

WA market to pick up in Feb
WA
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Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.