Q4 2024
Western Australia has experienced significant growth over the past year, with a 2.8% increase in population, primarily driven by international migration. One of the key highlights is that Western Australia remains one of the most affordable places to live in the country. The average family income is in line with mortgage repayments, creating a favorable environment for those looking to buy a home.
As of February 16th, housing inventory is low, with just 3,174 homes listed for sale. To put this into perspective, a balanced market typically has around 12,000 homes available. If you're thinking about selling your property, now might be the perfect time to consider your options, in this sellers market.
The message from the team here at Mint for those contemplating selling or leasing, is that the current conditions present fantastic opportunities to capitalise on your property asset. We have been busy with appraisals and we anticipate 2025 being another busy year here in the West.
Publish Date: 01/01/2025
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.
