Q1 2024
Over the past year, Western Australia has experienced remarkable growth, with a 2.8% increase in population, driven significantly by international migration.
What's particularly noteworthy is that Western Australia continues to offer one of the most cost-effective living environments in the country. The average family income aligns favorably with mortgage repayments, making it an opportune time for potential homeowners.
As of January 7th, the market is showing signs of tight inventory, with only 3,633 homes listed for sale. To put this in perspective, a balanced market typically features around 12,000 homes for sale. If you've been contemplating the idea of selling your property, now could be an excellent time to explore your options.
Publish Date: 23/04/2024
The details noted above including any figures or statistics given are based on information provided by multiple sources including the Western Australian Land Information Authority, Corelogic, REIWA, domain.com.au and realestate.com.au. The statistics noted include results performed by multiple agents and agencies. Whilst all reasonable effort has been made to ensure the enclosed information is correct at the time of publication, Mint Real Estate does not warrant or guarantee the accuracy or completeness of the data.
